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HYP/HYPC - Hyprop Investments Limited - Notice of special distribution and

Release Date: 23/09/2011 10:57
Code(s): HYP HYPC
Wrap Text

HYP/HYPC - Hyprop Investments Limited - Notice of special distribution and conversion of Hyprop convertible units Hyprop Investments Limited (Incorporated in the Republic of South Africa) (Registration No. 1987/005284/06) Share Code: HYP ISIN Code: ZAE000003430 Share Code: HYPC ISIN Code: ZAE000158911 ("Hyprop") NOTICE OF SPECIAL DISTRIBUTION AND CONVERSION OF HYPROP CONVERTIBLE UNITS Combined unitholders are referred to previous announcements relating to the acquisition by Hyprop of 100% of the shares in Attfund Retail Limited with effect from 1 September 2011 (the "Attfund Retail acquisition"). As previously advised, Hyprop will pay combined unitholders a special distribution (the "special distribution") for the two month period from 1 July 2011 to 31 August 2011. The special distribution shall be an amount of 65 cents per Hyprop combined unit. The 92 million Hyprop convertible units issued as part of the consideration for the Attfund Retail acquisition will not participate in the special distribution but convert (the "conversion") into Hyprop combined units immediately after the Record Date for participation in the special distribution in the ratio of 1 Hyprop combined unit for every convertible instrument held. The salient dates for the special distribution and the conversion are detailed below: 2011 Last day to trade Hyprop combined units cum the Friday, 7 October special distribution Last day to trade Hyprop convertible units Friday, 7 October Hyprop combined units trade ex the special Monday, 10 October distribution Hyprop convertible units suspended on the JSE trading Monday, 10 October system Listing of new Hyprop combined units to be issued Monday, 10 October pursuant to the conversion Record date for the special distribution Friday, 14 October Record date for the conversion Friday, 14 October Payment date for the special distribution Monday, 17 October New Hyprop combined units issued on conversion of Monday, 17 October convertible units Unitholders may not dematerialise or rematerialise their combined units between Monday, 10 October 2011 and Friday, 14 October 2011, both days inclusive. 23 September 2011 Sponsor Java Capital Date: 23/09/2011 10:57:01 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.

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