SAFARI INVESTMENTS (RSA) LIMITED - Results for the Cash Distribution with the Election to Reinvest and Dealings in Securities

Results for the Cash Distribution with the Election to Reinvest and Dealings in Securities

SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR ISIN: ZAE000188280
(“Safari” or “the Company”)

RESULTS FOR THE CASH DISTRIBUTION WITH THE ELECTION TO REINVEST
AND DEALINGS IN SECURITIES

A    RESULTS

Shareholders are referred to the SENS announcement dated 19 June
2017 advising shareholders that Safari had declared a gross cash
distribution of 34 cents per share with the election to reinvest
the cash distribution in return for Safari shares in the ratio of
4.47368 new Safari shares for every 100 Safari shares held (“Share
Alternative”).

Shareholders are hereby advised that the closing date for the Share
Alternative was Friday, 7 July 2017. Accordingly, the table below
sets out the results of the distribution and the number of
shareholders who have elected to receive the Share Alternative:

                         Number of Safari        Number of new
                          shares held by      Safari shares to be
                           shareholders             issued
Cash dividend                   202 737 445                      -
Share    Alternative              8 520 201                375 337
election
Total                           211 257 646                375 337

Accordingly, 375 337 new shares in Safari have been issued to
shareholders that have elected to receive the Share Alternative.

Share certificates in respect of the Share Alternative will be
posted out to certificated shareholders on or about Monday, 17
July 2017, and EFT payments or cheques in respect of the cash
dividend are in the process of being processed.

The CSDP / broker accounts of shareholders holding dematerialised
shares will be credited on Wednesday, 19 July 2017, according to
the elections made for the Share Alternative.

The CSDP / broker accounts of shareholders will be credited today,
17 July 2017 for the cash dividend elections.

An adjustment to the maximum number of Share Alternative shares
listed will be made on or about Thursday, 20 July 2017.

B    DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited
Listings Requirements, the following information is disclosed:

Name of director              FJJ Marais
Status: Executive/Non-        Executive
executive
Company of which I am a       Safari Investments RSA Limited
director
Type of securities            Shares
Class of securities           Ordinary
Date of transactions          7 July 2017          (1) – (2)

Cents per share               760
Number of securities          4 776                 (1)
transacted                    40 163                (2)
Total rand value of           R 36 304.86           (1)
securities                    R 305 242.14          (2)
Name of associate             Safari Retail Proprietary
                              Limited               (1)
                              MDM Architects CC     (2)

Relationship with             The director is a director and a
director                      shareholder of the associate (1)
                              The director is a member and a
                              shareholder of the associate (2)
Nature of transactions        Acquisition of shares by an
                              associate of a director through
                              the election to reinvest the
                              cash distribution in Safari
                              ordinary shares
                              (Off-market transaction)
Nature and extent of          Indirect, beneficial
interest in the               transactions       (1) – (2)
transactions
Clearance Obtained            Yes

13 July 2017
Pretoria

Sponsor
PSG Capital

Date: 13/07/2017 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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