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SPEAR REIT LIMITED - Update On Category 1 Acquisition Circular And Renewal Of Cautionary

Release Date: 15/05/2024 07:30
Code(s): SEA     PDF:  
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Update On Category 1 Acquisition Circular And Renewal Of Cautionary

SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
Approved as a REIT by the JSE
("Spear" or "the Company")


UPDATE ON CATEGORY 1 ACQUISITION CIRCULAR AND RENEWAL OF CAUTIONARY


Shareholders are referred to the proposed acquisition by Spear of the Western Cape property portfolio of Emira
Property Fund Limited ("Acquisition"), as announced by the Company on SENS on 2 April 2024 ("Announcement").

As noted in the Announcement, a circular containing the full details of the Acquisition ("Circular"), incorporating a
notice convening the required general meeting of Spear shareholders, will be distributed to shareholders. In
accordance with the extension granted to Spear by the JSE pursuant to paragraph 9.20(b) of the JSE Listings
Requirements, the Circular will be distributed to shareholders by no later than 2 July 2024.

The Announcement also indicated that a further announcement, incorporating the forecast financial information
relating to the Acquisition, will be released on SENS in due course. While Spear is busy finalising same, shareholders
are accordingly advised to continue to exercise caution when dealing in the Company's securities until such further
announcement is made.

Cape Town
15 May 2024

Sponsor and Corporate Adviser
PSG Capital   

Date: 15-05-2024 07:30:00
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