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BNT - Bonatla Property Holdings Limited - Renewal of cautionary

Release Date: 04/10/2011 13:26
Code(s): BNT
Wrap Text

BNT - Bonatla Property Holdings Limited - Renewal of cautionary announcement and update on previously announced transactions BONATLA PROPERTY HOLDINGS LIMITED (Incorporated in the Republic of South Africa (Registration number 1996/014533/06) Share code: BNT & ISIN code: ZAE000013694 ("Bonatla" or "the company") RENEWAL OF CAUTIONARY ANNOUNCEMENT AND UPDATE ON PREVIOUSLY ANNOUNCED TRANSACTIONS Shareholders are referred to the previous cautionary announcements dated 4 January 2011, 20 January 2011, 15 February 2011, 25 March 2011, 6 May 2011, 11 July 2011 and 22 August 2011 respectively, and are advised that certain negotiations referred to therein are still in progress. Shareholders are accordingly advised to continue to exercise caution in dealing with Bonatla shares until a further announcement in this regard is made. With regard to previously announced transactions, shareholders are advised that the agreements with regard to the acquisition of the Ruitersvlei Property Portfolio ("the Ruitersvlei transaction") and the acquisition of a share in Tricom Structures Proprietary Limited and Tricom Properties Proprietary Limited ("the Tricom transactions") have lapsed. Subsequently, the company has decided not to pursue the Tricom transaction. Although the Ruitersvlei transaction with Rara Avis Properties Proprietary Limited has lapsed, a renewal is in the process of being negotiated and a new agreement will be signed once all terms have been agreed. Shareholders shall be advised of the terms of the new agreement as soon as it has been signed and agreed. The pro forma financial effects of the remaining acquisitions are expected to be announced in due course, and the documentation in this regard submitted to the JSE shortly. Johannesburg 4 October 2011 Sponsor Arcay Moela Sponsors (Proprietary) Date: 04/10/2011 13:26:01 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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