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RESILIENT PROPERTY INCOME FUND LTD - Issue of shares to the Siyakha Education Trust

Release Date: 21/11/2014 11:48
Code(s): RES     PDF:  
Wrap Text
Issue of shares to the Siyakha Education Trust

RESILIENT PROPERTY INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/016851/06)
JSE share code: RES ISIN: ZAE000190807
(Approved as a REIT by the JSE)
(“Resilient” or “the company”)


ISSUE OF SHARES TO THE SIYAKHA EDUCATION TRUST


Shareholders are advised that, pursuant to the general authority to issue shares for cash granted by shareholders 
to the company at the annual general meeting held on 5 November 2014 (the “AGM”), Resilient has issued
6 097 560 shares at an issue price of R82.00 per share totalling R499 999 920 to The Siyakha Education Trust
(the “Trust”). The shares will be listed on Tuesday, 25 November 2014 or as soon as possible thereafter.

Resilient provided financial assistance to the Trust in order to enable it to subscribe for the shares in terms of the
authority granted by shareholders to the company at the AGM for the purchase of the company’s shares for the
purposes of effecting Black Economic Empowerment.

The Trust is a charitable trust and is registered as a public benefit organisation. The Trust’s focus is the upliftment
of black education in South Africa.

21 November 2014


Sponsor
Java Capital

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