TEXTON PROPERTY FUND LIMITED - Posting of the Circular and Notice of General Meeting

Posting of the Circular and Notice of General Meeting

TEXTON PROPERTY FUND LIMITED
(formerly Vunani Property Investment Fund Limited)
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
(Registration number 2005/019302/06)
JSE code: TEX
ISIN: ZAE000190542
(formerly ISIN: ZAE000185872)
(“Texton” or “the Company”)



POSTING OF THE CIRCULAR AND NOTICE OF GENERAL MEETING



1.    INTRODUCTION

      Texton shareholders (“Shareholders”) are referred to the SENS announcements dated Friday,
      12 December 2014 and Friday, 13 February 2015 (“Announcements”). Shareholders are
      advised that a circular (“Circular”) containing, inter alia:



       -    details of the Proposed BEE Transaction and the provision of Financial Assistance;
       -    a notice convening the general meeting of Texton Shareholders (“General Meeting”);
            and
       -    a form of proxy to vote at the General Meeting (for use only by Certificated Texton
            Shareholders and Own-name Dematerialised Texton Shareholders),

      has been posted to Shareholders today, 18 February 2015.

      Shareholders are further advised that the Operating Agreements referred to in the
      Announcement dated Friday, 12 December 2014 have now been signed (subject to approval of
      the Proposed BEE Transaction at the General Meeting), with each of the BEE Partners and PD
      Naidoo Family Trust (the significant majority shareholder of PDNA)



2.   NOTICE OF TEXTON GENERAL MEETING

     The General Meeting will be held at the Company’s offices, 54 Bompas Road, Dunkeld West,
     Johannesburg on Thursday, 19 March 2015, in order to consider and, if deemed fit, to pass the
     resolutions necessary to approve and implement the Proposed BEE Transaction and the
     provision of Financial Assistance to the BEE Consortium.



3.   IMPORTANT DATES AND TIMES

     The important dates and times in relation to the General Meeting are set out below:



                                                                                             2015

     Notice record date, being the date on which Texton Shareholders must             Friday, 6 February
     be registered in the securities register in order to be entitled to receive      
     the Circular

     Circular and notice of General Meeting posted to Texton Shareholders  on         Wednesday, 18 February
                                                                                            
     Last day to trade in Texton shares in order to be entitled to attend,            Friday, 6 March                                                                                   
     participate in and vote at the General Meeting

     Record date to be eligible to attend and vote at the General Meeting             Friday, 13 March

     Last day for lodging forms of proxy for General Meeting by 10:00 on              Tuesday, 17 March

     General meeting of Texton Shareholders at 10:00 on                               Thursday, 19 March

     Announcement of results of General Meeting released on SENS on                   Thursday, 19 March



     Notes:

     1.    The above dates and times are subject to amendment and any amendment made will be
           released on SENS and published in the press.
     2.    Shareholders should note that as transactions in Shares are settled via the electronic
           settlement system used by Strate, settlement of trades takes place five business days
           after such trade. Therefore Shareholders who acquire Shares after Friday, 6 March 2015
           will not be eligible to participate in and vote at the General Meeting.
     3.    All times given are South African local times.
     4.    If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial
           General Meeting will remain valid in respect of any adjournment or postponement
           thereof



Dunkeld West
18 February 2015



Investment Bank and Sponsor
Investec Bank Limited



Legal Adviser
Cliffe Dekker Hofmeyr Inc

Date: 18/02/2015 11:05:00 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.