DELTA PROPERTY FUND LIMITED - Finalisation announcement and salient dates in respect of deltas capital conversion

Finalisation announcement and salient dates in respect of delta’s capital conversion

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000172052
("Delta" or “the Company”)
REIT status approved

FINALISATION ANNOUNCEMENT AND SALIENT DATES IN RESPECT OF
DELTA’S CAPITAL CONVERSION
1. Introduction
Holders of Delta linked units (“Linked Unitholders”) are
referred to the announcement released on SENS on 2 October
2014 wherein Linked Unitholders were advised that the all
resolutions required to be passed by Delta debenture holders
and Delta shareholders to approve the conversion the Company’s
current linked unit capital structure to an ordinary share
structure (“the transaction”) were passed by the requisite
majority of Delta debenture holders and Delta shareholders,
respectively.

The special resolutions in respect of the transaction,
together with all prescribed documents, have been registered
by the CIPC. The Takeover Regulation Panel has issued a
compliance certificate in terms of section 119(4) of the
Companies Act, 71 of 2008, with the result that the
transaction   is   unconditional  and   will   accordingly  be
implemented in accordance with the timetable set out below.


                                                         2014

Last day to trade in existing Delta linked units on      Friday, 5 December
the JSE prior to the delinking of the Delta linked
units and the capitalisation of the Delta debentures
on

Trading in ordinary shares of no par value under the     Monday,8 December
new ISIN: ZAE000194049 and the existing code of
“DLT” commences on

Scheme implementation record date for the delinking of   Friday, 12 December
the linked units and the capitalisation of the
debentures at the close of business on

Scheme operative date                                    Monday, 15 December

Dematerialised shareholders will have their accounts     Monday, 15 December
updated at their
CSDP or broker on

Issue of new replacement share certificates provided    Monday, 15 December
that the old linked unit certificates have been
surrendered by 12h00 on Friday, 12 December 2014 (any
certificated linked units surrendered after this date
will be replaced within five business days after
receipt by the transfer secretaries)

Termination of listing of Delta linked units (at the    Monday, 15 December
commencement of trade) on




26 November 2014
Johannesburg


Investment bank and sponsor
Nedbank Capital

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