Voluntary Announcement by Liberty Holdings Ltd Relating to the Disposal of Greenacres Shopping Centre by Liberty Gro
Liberty Holdings Limited
Registration number 1968/002095/06
Incorporated in the Republic of South Africa
Share code: LBH
ISIN code: ZAE0000127148
("Liberty Holdings" or "the Company")
VOLUNTARY ANNOUNCEMENT BY LIBERTY HOLDINGS LTD RELATING TO THE DISPOSAL OF
GREENACRES SHOPPING CENTRE BY LIBERTY GROUP LTD TO ACUCAP PROPERTIES LTD ("ACUCAP")
AND SYCOM PROPERTY FUND (“SYCOM”)
Shareholders are advised that Liberty Group Ltd, a wholly?owned division of Liberty Holdings, has
entered into a transaction with respect to the disposal of Greenacres shopping centre in an
undivided 50% share each to Acucap and Sycom for the disposal consideration of just over R1bn.
Anticipated transfer is expected during the first quarter of 2014.
The aforementioned companies have made formal announcements today on SENS, therefore
additional details are provided for in the respective announcements.
This transaction supports Liberty’s strategy of becoming the leading wealth management company
on the African continent, as there are numerous initiatives that are currently being considered as
part of the Direct Property investment strategy. These will include the upgrade, restructure and
acquisition of assets within the Portfolio that management believe will in time benefit investors.
The disposal is still subject to competition commission approvals in South Africa.
21 October 2013
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
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