Wrap Text
Distribution of Circular
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”)
DISTRIBUTION OF CIRCULAR
1. INTRODUCTION
Shareholders of Safari (“Shareholders”) are referred to previous SENS announcements
released by the Company relating to the Offer by Heriot Properties Proprietary Limited, a wholly
owned subsidiary of Heriot REIT Limited, and the parties acting in concert with it (collectively,
“Heriot”) acquiring Safari Shares.
Shareholders are further referred to the SENS announcement by Heriot released on 13 October
2022 whereby a circular (the “Heriot Circular”) was distributed to Heriot shareholders to
acquire all or part of the issued ordinary share capital of Safari, not already owned by Heriot,
for a cash offer consideration of R5,60 (Five Rand and Sixty Cents) per offer share as detailed
in the Heriot Circular (“The Offer”).
2. DISTRIBUTION OF CIRCULAR
A response circular (“Circular”), setting out the views and opinion of the Independent Board
regarding the Offer will be distributed to Shareholders today Tuesday, 22 November 2022.
The Circular is available in English only. Copies may be obtained during normal business hours
from the registered office of the Company and from the offices of the Company’s sponsor, PSG
Capital, from Tuesday, 22 November 2022 until Friday, 9 December 2022 (both days inclusive).
A copy of the Circular will also be available on the Company’s website https://www.safari-
investments.com/investor-relations.
3. SALIENT DATES AND TIMES
Shareholders are referred to the table below setting out the salient dates and times in relation
to The Offer.
Event Date (2022)
Record date to determine which Safari shareholders
are entitled to receive the Heriot Circular Friday, 7 October
Heriot Circular together with the accompanying form of
acceptance posted to Safari shareholders on
Thursday, 13 October
Announcement relating to the issue of the Heriot
Circular and the General Offer released on SENS on Thursday, 13 October
General Offer opens at 09:00 on
Friday, 14 October
Announcement relating to the issue of the Heriot
Circular and the General Offer published in the press
on Friday, 14 October
Record date to determine which Shareholders are
entitled to receive this Circular
Friday, 11 November
Posting of this Circular to Shareholders on Tuesday, 22 November
Notice of posting of this Circular to Shareholders
published on SENS on Tuesday, 22 November
Last day to trade in Safari shares on the JSE in order
to participate in the General Offer Tuesday, 6 December
Date on which Safari shares trade ‘ex’ the General
Offer Wednesday, 7 December
Date on which the General Offer closes at 12:00 on Friday, 9 December
Record date on which Safari shareholders must hold
Safari shares in order to accept the General Offer Friday, 9 December
Results of the General Offer announced on SENS
Monday, 12 December
Offer Consideration paid to Offer Participants as per
notes 6 and 7 below, with the last payment on Monday, 12 December
Results of the General Offer published in the press Tuesday, 13 December
Notes:
1. All dates and times in this circular are local dates and times in South Africa.
2. The above dates and times are subject to change. Any changes will be released on
SENS and, if required, published in the press.
3. No dematerialisation and rematerialisation of Safari shares may take place between
Wednesday, 7 December 2022 and Friday, 9 December 2022, both days inclusive.
4. Certificated Shareholders who accept the General Offer will have the Offer
Consideration transferred to them by way of EFT by no later than the Offer Payment
Date, being within 6 business days after the date on which such Shareholders deliver
forms of acceptance, as set out in the Heriot Circular, and documents of title to the
transfer secretaries, unless such forms of acceptance and documents of title are
delivered on the Closing Date, in which case the Offer Consideration will be paid on the
first business day following the Record Date.
5. Dematerialised Shareholders who accept the General Offer will have their accounts at
their CSDP or broker updated with the Offer Consideration by no later than the Offer
Payment Date, being within 6 business days after the date on which the CSDPs or
brokers of such Safari shareholders notify the transfer secretaries of their acceptance
of the General Offer, unless such notification is received on the Closing Date, in which
case the Offer Consideration will be paid on the first business day following the Record
Date
4. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the further cautionary announcement released by the Company
on SENS on 10 November 2022.
All the details relating to The Offer received from Heriot are disclosed in the response Circular
as published today, 22 November 2022. Accordingly, caution is no longer required to be
exercised by Shareholders when dealing in the Company’s shares.
5. INDEPENDENT BOARD RESPONSIBILITY STATEMENT
The Independent Board individually and collectively accepts full responsibility for the accuracy
of the information contained in this announcement. In addition, the Independent Board certifies
that to the best of its knowledge and belief, the information contained in this announcement
solely pertaining to the Company is true and, where appropriate, does not omit anything that is
likely to affect the importance of the information contained herein, and that all reasonable
enquiries to ascertain such information have been made.
Pretoria
22 November 2022
Sponsor
PSG Capital
Queries:
Pieter Van Niekerk
Email: pieter@safari-investments.com
Tel: +27 (0)12 365 1889
Date: 22-11-2022 09:35:00
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