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PAP / CPL - Pangbourne Properties Limited / Capital Property Fund - Acquisition

Release Date: 10/03/2011 15:03
Code(s): CPL PAP
Wrap Text

PAP / CPL - Pangbourne Properties Limited / Capital Property Fund - Acquisition by Capital of all Pangbourne linked units: approval from competition authorities, results of the court hearing to sanction the scheme and update Pangbourne Properties Limited (Registration No. 1987/002352/06) Share Code: PAP ISIN Code: ZAE000005252 ("Pangbourne") 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) ACQUISITION BY CAPITAL OF ALL PANGBOURNE LINKED UNITS: APPROVAL FROM COMPETITION AUTHORITIES, RESULTS OF THE COURT HEARING TO SANCTION THE SCHEME AND UPDATE Capital and Pangbourne unitholders are referred to the announcement of 24 November 2010 and all subsequent announcements relating to the transaction dealt with therein and are advised that: - unconditional approval for the implementation of the acquisition by Capital of all Pangbourne linked units in issue and not already held by Capital pursuant to a scheme of arrangement (the "scheme") has been received from the Competition Authorities; and - the South Gauteng High Court, Johannesburg sanctioned the scheme on 8 March 2011. The only remaining condition to implementation of the scheme is registration of the Order of Court sanctioning the scheme by the Registrar of Companies, which is in process. Following registration of the Order of Court sanctioning the scheme, updated salient dates for implementation of the scheme will be released on SENS and published in the press. 10 March 2011 Corporate advisor, legal advisor and sponsor to Capital and sponsor to Pangbourne Java Capital Date: 10/03/2011 15:03:02 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.

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