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CPL - Capital Property Fund - Salient dates announcement: Capital`s offer to acquire all linked units in Pangbourne Properties Limited Capital Property Fund Share Code: CPL ISIN: ZAE000001731 ("Capital") (A portfolio in Capital Property Trust Scheme, a Collective Investment Scheme in Property established in terms of the Collective Investment Schemes Control Act, No 45 of 2002) Managed by Property Fund Managers Limited (Registration No. 1980/009531/06) SALIENT DATES ANNOUNCEMENT: CAPITAL`S OFFER TO ACQUIRE ALL LINKED UNITS IN PANGBOURNE PROPERTIES LIMITED Unitholders are referred to the announcements dated 24 November 2010 and 3 December 2010 relating to Capital`s offer to acquire all linked units in Pangbourne Properties Limited ("Pangbourne") that are not already held by Capital pursuant to a scheme of arrangement (the "Scheme") proposed by Capital in terms of section 311 of the Companies Act, 1973 between Pangbourne and its linked unitholders. The consideration offered by Capital for the Pangbourne linked units will be 2.38 Capital units for every Pangbourne linked unit held on Friday 25 March 2011 ("scheme consideration record date"), rounded up or down to the nearest whole number, save that any Pangbourne linked unitholder holding 500 or less Pangbourne linked units on the scheme consideration record date will be entitled to elect whether to receive a cash consideration of R20.00 per Pangbourne linked unit held or 2.38 Capital units for every Pangbourne linked unit held. A circular relating to the transaction has been dispatched to Capital unitholders today, 3 February 2011. The circular includes a notice convening a general meeting of Capital unitholders to obtain the required unitholder approvals for the proposed transaction. The salient dates and times relating to the implementation of the transaction are as follows: 2011 Circular posted on Thursday, 3 February
Receipt of forms of proxy in respect of the Wednesday, 23 February general meeting to be received by 10:00 on The general meeting of Capital unitholders at Friday, 25 February 10:00 on Results of the general meeting published on SENS Friday, 25 February on Anticipated date for receipt of approval from the Friday, 25 February Competition Authorities
Results of the general meeting published in the Monday, 28 February press on Anticipated date on which Capital units will be Friday, 18 March admitted to listing and on which dealings in Capital unit entitlements will commence on Anticipated date of implementation of the Monday, 28 March transaction (being the operative date of the scheme) Anticipated date on which Capital units will be Monday, 28 March issued on Note: All dates and times are local times in South Africa. The above dates and times are subject to change. Any change will be released on SENS and published in the press. 3 February 2011 Corporate adviser, legal advisor and sponsor to Capital Java Capital Independent expert PKF Corporate Finance Reporting accountants and auditors of Capital PKF Chartered Accountants and Business Advisers Competition law adviser to Capital and Pangbourne Vani Chetty Competition Law Date: 03/02/2011 15:55:01 Supplied by www.sharenet.co.za 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.
