ARROWHEAD PROPERTIES LIMITED - Update in respect of salient dates for conversion of companys linked unit capital to all-share capital structure

Update in respect of salient dates for conversion of  company’s linked unit capital to all-share capital structure

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000158101
JSE share code: AWB ISIN: ZAE000158119
(Approved as a REIT by the JSE)
( “the company”)


UPDATE IN RESPECT OF SALIENT DATES FOR THE CONVERSION OF THE COMPANY’S LINKED
UNIT CAPITAL STRUCTURE TO AN ALL-SHARE CAPITAL STRUCTURE


Linked unitholders are referred to the announcement released on SENS on 30 April 2015 wherein the salient dates and
times in respect of:

-     the conversion of the company’s current “A” linked capital structure to an “A” ordinary share structure by way
      of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 (the “Companies Act”),
      which scheme is being proposed by the company between the company, its “A” debenture holders, and those
      shareholders who hold ordinary shares linked to “A” debentures;
-     the conversion of the company’s current “B” linked capital structure to a “B” ordinary share structure by way of
      a scheme of arrangement in terms of section 114 of the Companies Act, which scheme is being proposed by the
      company between the company, its “B” debenture holders, and those shareholders who hold ordinary shares
      linked to “B” debentures;
-     the cancellation of all authorised but unissued ordinary shares of the company; and
-     the creation of two new classes of shares, being “A” and “B” ordinary shares, and the adoption of a new
      Memorandum of Incorporation,

(collectively the “transactions”), were announced.

The requisite special resolutions in respect of the transactions have been filed with the Companies and Intellectual
Property Commission (“CIPC”) for registration. However, due to backlogs at the CIPC, registration of the special
resolutions has been delayed and the salient dates for the transactions will therefore need to be revised. The revised
salient dates will be announced in due course, once the special resolutions in respect of the transactions have been
registered with the CIPC.

19 June 2015


Sponsor

Java Capital

Date: 19/06/2015 12:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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