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GRT - Growthpoint Properties Limited - Salient dates announcement

Release Date: 03/08/2007 13:34
Code(s): GRT
Wrap Text

GRT - Growthpoint Properties Limited - Salient dates announcement Growthpoint Properties Limited (Incorporated in the Republic of South Africa) (Registration number 1987/004988/06) Share code: GRT & ISIN: ZAE000037669 ("Growthpoint") 3 August 2007 SALIENT DATES IN RESPECT OF THE ACQUISITION BY GROWTHPOINT OF THE PROPERTY FUND MANAGEMENT AND PROPERTY ADMINISTRATION BUSINESSES OF INVESTEC PROPERTY GROUP LIMITED AND THE ESTABLISHMENT OF AN EXECUTIVE AND STAFF INCENTIVE SCHEME FOR GROWTHPOINT 1. Introduction In the announcement released on SENS on Wednesday, 30 May 2007,Growthpoint made an offer, in terms of which it proposed to acquire the property fund management business from Investec Property Group Limited("IPG"), the AMU Trust and Phatsima Properties (Proprietary) Limited ("Phatsima") and the property administration business from IPG,(collectively the "Property Services businesses") as a going concern ("the proposed transaction"), for a purchase consideration amounting in aggregate to R1 572 800 000. The proposed transaction is a large related party transaction in terms of the JSE Listings Requirements and requires approval by Growthpoint linked unitholders in a general meeting. 2. General meeting Linked unitholders are informed that a general meeting of Growthpoint linked unitholders will be held at the registered office of Growthpoint,100 Grayston Drive, Sandown, Sandton at 09:00 on Tuesday, 21 August 2007, to consider and, if deemed fit, to pass the ordinary resolution to approve the proposed transaction, an ordinary resolution to implement the proposed executive and staff incentive scheme and an ordinary resolution to authorise any director to do all things and sign all documents to carry into effect the aforesaid resolutions. 3. Salient dates and times The attention of Growthpoint linked unitholders should be drawn to the following salient dates and times relevant to the proposed transaction: 2007 Circular and notice of general meeting posted to Growthpoint linked unitholders Monday, 6 August Last day to lodge proxies for the general meeting (by 09:00) Friday, 17 August General meeting (at 09:00) Tuesday, 21 August Release of results of the general meeting: - on SENS Tuesday, 21 August - and published in the press Thursday, 23 August 4. Circular The circular providing full information on the proposed transaction, the proposed executive and staff incentive scheme and incorporating a notice in respect of the general meeting, will be posted to Growthpoint linked unitholders on Monday, 6 August 2007. Copies of the circular may be obtained during normal business hours from the registered office of Growthpoint, 100 Grayston Drive, Sandown, Sandton. A signed copy of the circular and other documents available for inspection will also be available at the registered office of Growthpoint. Sandton, 3 August 2007 Joint sponsor Investec Corporate Finance Investec Bank Limited Registration number 1969/004763/06) Legal adviser to Growthpoint Jowell Glyn and Marais Inc Registration No: 1990/000849/21 Independent expert to Growthpoint and lead sponsor Ernst & Young Advisory Services Limited (Registration number 2006/018260/06) Ernst & Young Sponsors (Pty) Ltd (Registration number 2000/031843/07) Independent reporting accountants KPMG Inc (Registration number 1999/021543/21) Growthpoint debenture trustee Bell Dewar & Hall Inc (Registration number 1995/004675/21) Independent advisors and attorneys to the AMU Trust and Phatsima Fluxmans Inc (Registration number 2000/024775/21) Date: 03/08/2007 13:34:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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