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Finalisation announcement
DIPULA INCOME FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2005/013963/06
JSE share code: DIA ISIN: ZAE000203378
JSE share code: DIB ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula” or the “Company”)
FINALISATION ANNOUNCEMENT
Shareholders are referred to the circular to Dipula shareholders (the “Scheme Circular”) published on 8 March 2022
relating to the proposed scheme of arrangement in terms of section 114 of the Companies Act, No. 71 of 2008 (the
“Companies Act”) between Dipula and Dipula A shareholders, which, if implemented, will result in Dipula
repurchasing all of the Dipula A shares held by Scheme Participants, in consideration for the issue of 2.4 Dipula B shares
for every Dipula A share (the “Scheme”). Capitalised terms in this announcement bear the same meaning as in the
Scheme Circular.
Shareholders are advised that all outstanding conditions precedent to the Scheme have been fulfilled and the Scheme is
now wholly unconditional. As a result, the Takeover Regulation Panel has issued a compliance certificate in terms of
section 119(4) of the Companies Act.
UPDATE TO SALIENT DATES AND TIMES
The revised and final salient dates and times relating to the implementation of the Scheme are set out below:
2022
Last day to trade in DIA Shares on the JSE in order to be recorded on the register
on the Scheme Record Date to receive the Scheme Consideration on Tuesday, 31 May
Date of the suspension of listing of DIA Shares on the JSE at the commencement of
trade on Wednesday, 1 June
Announcement of the value of cash payments arising from fractional entitlements to
be released on SENS by 11:00 on Thursday, 2 June
Announcement of the value of cash payments arising from fractional entitlements to
be released in the press on Friday, 3 June
Scheme Record Date on which DIA Shareholders must be recorded in the register
to receive the Scheme Consideration by close of trade on Friday, 3 June
Scheme Operative Date Monday, 6 June
Implementation date, being the date on which the Scheme Consideration will be
issued to Scheme Participants (provided their form of election, surrender and
transfer and documents of title are received on or before 12:00 on the Scheme
Record Date) Monday, 6 June
Date on which dematerialised shareholders who are Scheme Participants will
receive the Scheme Consideration Monday, 6 June
Date on which Scheme Participants will receive cash payments arising from
fractional entitlements Monday, 6 June
Termination of listing of DIA Shares on the JSE at the commencement of trade on Tuesday, 7 June
Note
1. No dematerialisation or rematerialisation of DIA Shares may take place after Tuesday, 31 May 2022, being the last date to
trade in DIA Shares on the JSE in order to be recorded on the register on the Scheme Record Date.
RESPONSIBILITY STATEMENT
The Independent Board accepts responsibility for the information contained in this announcement and certifies that, to
the best of its knowledge and belief, the information contained in this announcement relating to Dipula is true and this
announcement does not omit anything that is likely to affect the import of such information.
3 May 2022
Corporate advisor and sponsor
Java Capital
Date: 03-05-2022 10:45:00
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