SAFARI INVESTMENTS (RSA) LIMITED - Results for the Cash Distribution with the Election to Reinvest and Dealings in Securities

Results for the Cash Distribution with the Election to Reinvest and Dealings in Securities

SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR ISIN: ZAE000188280
(“Safari” or “the Company”)

RESULTS FOR THE CASH DISTRIBUTION WITH THE ELECTION TO REINVEST
AND DEALINGS IN SECURITIES

A    RESULTS

Shareholders are referred to the SENS announcement dated 15
November 2016 advising shareholders that Safari had declared a
gross cash distribution of 32 cents per share with the election to
reinvest the cash distribution in return for Safari shares in the
ratio of 4.21053 new Safari shares for every 100 Safari shares
held (“Share Alternative”).

Shareholders are hereby advised that the closing date for the Share
Alternative was Friday, 9 December 2016. Accordingly, the table
below sets out the results of the distribution and the number of
shareholders who have elected to receive the Share Alternative:

                         Number of Safari        Number of new
                          shares held by      Safari shares to be
                           shareholders             issued
Cash dividend               147 696 975                -
Share Alternative            41 805 255            1 755 416
election
Total                       189 502 230            1 755 416

Accordingly, 1 755 416 new shares in Safari have been issued to
shareholders that have elected to receive the Share Alternative.

Share certificates in respect of the Share Alternative will be
posted out to certificated shareholders on or about Wednesday, 14
December 2016, and EFT payments or cheques in respect of the cash
dividend are in the process of being processed.

The CSDP / broker accounts of shareholders holding dematerialised
shares will be credited on Wednesday, 14 December 2016, according
to the elections made for the Share Alternative.

The CSDP / broker accounts of shareholders will be credited today,
12 December 2016 for the cash dividend elections.

An adjustment to the maximum number of Share Alternative shares
listed will be made on or about Thursday, 15 December 2016.

B    DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited
Listings Requirements, the following information is disclosed:

Name of director              FJJ Marais
Status: Executive/Non-        Executive
executive
Company of which I am a       Safari Investments RSA Limited
director
Type of securities            Shares
Class of securities           Ordinary
Date of transactions          24 June 2016          (1) – (3)

Cents per share               760
Number of securities          242 906               (1)
transacted                    125 000               (2)
                              238 496               (3)
Total rand value of           R 1 846 088           (1)
securities                    R 950 000             (2)
                              R 1 812 569           (3)
Name of associate             Safari Retail Proprietary
                              Limited               (1)
                              Safarihold Proprietary Limited
                                                    (2)
                              MDM Architects CC     (3)
Relationship with        The director is a director and a
director                 shareholder of the associate (1)
                         The director is a director and a
                         shareholder of the associate (2)
                         The director is a member and a
                         shareholder of the associate (3)

Nature of transactions   Acquisition of shares by an
                         associate of a director through
                         the election to reinvest the
                         cash distribution in Safari
                         ordinary shares
                         (Off-market transaction)
Nature and extent of     Indirect, beneficial
interest in the          transactions       (1) – (3)
transactions
Clearance Obtained       Yes

12 December 2016
Pretoria

Sponsor
PSG Capital

Date: 12/12/2016 05:35:00 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.