To view the PDF file, sign up for a MySharenet subscription.

DIPULA INCOME FUND LIMITED - Update regarding civil unrest

Release Date: 14/07/2021 17:00
Code(s): DIA DIB     PDF:  
Wrap Text
Update regarding civil unrest

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”)


UPDATE REGARDING CIVIL UNREST


Following the recent civil unrest being experienced across KwaZulu-Natal and Gauteng in particular, Dipula advises
that 12 of the properties within its portfolio (comprising approximately 6% of total gross lettable area) have been affected
to date. The properties include ten retail centres in Gauteng and two in KwaZulu-Natal.

The properties have been secured and the extent of the damage is being assessed currently. In the case of Meadow Point,
Dobson Point, Tsakane Corner, Kopanong Tembisa, Sam Sekoti and Orange Farm, the damage appears to be substantial
but not structural in nature. For the sake of safety, these centres have ceased trading for the time being.

Once the damage to the affected properties has been fully determined, further details will be released. The Company is,
however, sufficiently insured (including riot cover) in this regard.

All other retail centres within the Dipula portfolio are trading with additional security, and management continues to
monitor the situation, being mindful of the safety and needs of the communities in which the centres operate at all times.

14 July 2021


Sponsor
Java Capital

Date: 14-07-2021 05:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.