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FPT - Fountainhead Property Trust - Revised results of the rights offer

Release Date: 12/04/2011 15:47
Code(s): FPT
Wrap Text

FPT - Fountainhead Property Trust - Revised results of the rights offer Fountainhead Property Trust JSE code: FPT ISIN: ZAE000097416 ("Fountainhead") a portfolio forming part of the Fountainhead Property Trust Scheme ("the Scheme"), a collective investment scheme in property established in terms of the Collective Investment Schemes Control Act, No. 45 of 2002, as amended, and managed by Fountainhead Property Trust Management Limited (Registration number 1983/003324/06) REVISED RESULTS OF THE RIGHTS OFFER 1. Revised results of the Rights Offer Fountainhead unitholders are referred to the announcement released on the Securities Exchange News Service of the JSE Limited ("JSE") on 11 April 2011 in which the results of Fountainhead`s R1.0 billion rights offer (the "Rights Offer") were announced. The number of excess Rights Offer units applied for was incorrectly reported and the revised results of the Rights Offer are set out in the table below. Number of Rights % of Rights
Offer units Offer units Rights Offer units available for 166 666 667 100.0 subscription Rights Offer units subscribed for 161 208 229 96.7 Excess Rights Offer units applied for 55 830 154 33.5 Excess Rights Offer units available for 5 458 438 3.3 allocation 2. Excess applications The excess Rights Offer units applied for will be allocated in a manner viewed as equitable in terms of the Listings Requirements of the JSE, taking cognisance of the number of units held by the unitholder, including those taken up as a result of the Rights Offer, and the number of excess Rights Offer units applied for by such unitholder. Unit certificates and/or refund cheques will be posted to holders of certificated units who have applied for excess Rights Offer units, on or about Thursday, 14 April 2011. The CSDP or broker accounts of holders of dematerialised units who have applied for excess Rights Offer units, will be credited with the excess Rights Offer units and debited with any payments due, on or about Thursday, 14 April 2011. Johannesburg 12 April 2011 Investment bank and sponsor Standard Bank Independent sponsor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited Independent reporting accountants KPMG Inc. Legal adviser Edward Nathan Sonnenbergs Inc. Date: 12/04/2011 15:47:02 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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