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Emira - Results of general meeting and specific issue of participatory

Release Date: 22/08/2006 10:48
Code(s): EMI
Wrap Text

Emira - Results of general meeting and specific issue of participatory interests for cash Emira Property Fund (A property fund created under the Emira Property Scheme, registered in terms of the Collective Investment Schemes Control Act) JSE code: EMI ISIN: ZAE000050712 ("Emira" or "the Fund") Results of general meeting and specific issue of participatory interests for cash 1. INTRODUCTION Participatory interest ("PI") holders are advised that, at the general meeting of PI holders held on Tuesday, 22 August 2006, all the resolutions necessary to implement the acquisition of a portfolio of properties, the black economic empowerment transaction and the specific issue of PIs for cash were approved by the requisite majority of PI holders. 2. ISSUE AND LISTING OF NEW PIs In terms of the specific issue of PIs for cash, Emira will issue: 3 187 331 PIs to Momentum Group Limited at R10.50 per PI; and 13 698 671 PIs to Micawber 410 (Proprietary) Limited at R8.03 per
PI. It is expected that the PIs to be issued in terms of the specific issue for cash will be listed on the JSE Limited with effect from Wednesday, 23 August 2006. Sandton 22 August 2006 Merchant bank and sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/08/2006 10:48:03 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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