Intended acquisition of Redefine Properties Limited's Government property portfolio and cautionary announcement
Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000194049
(“Delta” or “the Company”)
REIT status approved
INTENDED ACQUISITION OF REDEFINE PROPERTIES LIMITED’S (“REDEFINE”) GOVERNMENT
PROPERTY PORTFOLIO AND CAUTIONARY ANNOUNCEMENT
1. Intended acquisition of Redefine’s government property portfolio
Delta shareholders are advised that Delta is in advanced discussions with Redefine to
acquire its government property portfolio. It is envisaged that the purchase
consideration payable to Redefine will equate to a yield significantly in excess of
Delta’s current traded yield and will be wholly settled through the issue of Delta
shares to Redefine, which will have a positive effect on Delta’s current loan to value.
An announcement containing full details of the intended acquisition will be published
once the terms have been agreed.
2. Cautionary announcement
In light of the above, Delta shareholders are advised to exercise caution when dealing
in the Company’s securities until a further announcement is made.
5 November 2015
Johannesburg
Investment bank and sponsor
Nedbank CIB
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