Sharenet Sites 
Sharenet Sites
Finalisation announcement and salient dates for the conversion of Ascension’s capital structure
ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code: AIA ISIN: ZAE000161881
JSE share code: AIB ISIN: ZAE000161899
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)
FINALISATION ANNOUNCEMENT AND SALIENT DATES FOR THE CONVERSION OF ASCENSION’S CAPITAL STRUCTURE
Linked unitholders are referred to the announcement released on SENS on Friday, 22 May 2015 wherein the salient dates and
times in respect of:
- the conversion of the company’s current “A” linked unit capital structure to an “A” ordinary share structure to be effected
by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 (the “Companies Act”) (the
“A debenture scheme”);
- the conversion of the company’s current “B” linked unit capital structure to a “B” ordinary share structure by way of a
scheme of arrangement in terms of section 114 of the Companies Act (the “B debenture scheme”);
- the amendment of Ascension’s Debenture Trust Deed to enable the A debenture scheme and the B debenture scheme;
- the adoption of a new Memorandum of Incorporation to give effect to the change in Ascension’s capital structure; and
- the subsequent termination of Ascension’s Debenture Trust Deed,
(collectively the “transactions”) were announced.
The special resolutions in respect of the transactions, together with all prescribed documents, have now been registered by the
CIPC. The Takeover Regulation Panel has issued a compliance certificate in terms of section 119(4) of the Companies Act, with
the result that the transactions have now become unconditional in accordance with their terms. Accordingly the transactions will
be implemented in accordance with the timetable set out below:
2015
Finalisation date announcement released on SENS Thursday, 9 July
Finalisation date announcement published in the press Friday, 10 July
Last day to trade in existing “A” linked units on the JSE prior to the delinking of the “A” linked units
and the capitalisation of the “A” debentures Friday, 17 July
Last day to trade in existing “B” linked units on the JSE prior to the delinking of the “B” linked units
and the capitalisation of the “B debentures Friday, 17 July
Trading in delinked “A” ordinary shares of no par value under the new ISIN: ZAE000204566 and the
existing code of “AIA” commences Monday, 20 July
Trading in delinked “B” ordinary shares of no par value under the new ISIN: ZAE000204574 and the
existing code of “AIB” commences Monday, 20 July
Suspension of listing of “A” linked units on the JSE Monday, 20 July
Suspension of listing of “B” linked units on the JSE Monday, 20 July
Scheme implementation record date for the delinking of the “A” linked units and the capitalisation of the
“A” debentures at the close of business Friday, 24 July
Scheme implementation record date for the delinking of the “B” linked units and the capitalisation of the
“B” debentures at the close of business Friday, 24 July
Scheme operative date Monday, 27 July
Date by which dematerialised “A” ordinary shareholders will have their accounts updated at their CSDP
or broker Monday, 27 July
Date by which dematerialised “B” ordinary shareholders will have their accounts updated at their CSDP
or broker Monday, 27 July
Date of issue of new replacement “A” ordinary share certificates provided that the old “A” linked unit
certificates have been surrendered by 12:00 on Friday, 24 July 2015 (any certificated “A” linked units
surrendered after this date will be replaced within five business days after receipt by the transfer
secretaries) Monday, 27 July
Date of issue of new replacement “B” ordinary share certificates provided that the old “B” linked unit
certificates have been surrendered by 12:00 on Friday, 24 July 2015 (any certificated “B” linked units
surrendered after this date will be replaced within five business days after receipt by the transfer
secretaries) Monday, 27 July
Termination of listing of “A” linked units (at the commencement of trade) Monday, 27 July
Termination of listing of “B” linked units (at the commencement of trade) Monday, 27 July
Notes:
1. All times given in this announcement are local times in South Africa.
2. No dematerialisation of linked unit certificates may take place after Friday, 17 July 2015.
9 July 2015
Corporate advisor and sponsor
Java Capital
Independent expert
MAZARS Corporate Finance (Pty) Ltd
Legal advisor
DLA Cliffe Dekker Hofmeyr
Date: 09/07/2015 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
