To view the PDF file, sign up for a MySharenet subscription.

DIA/DIB - Dipula Income Fund Limited - Dealings by directors` associates

Release Date: 20/04/2012 16:58
Code(s): DIA DIB
Wrap Text

DIA/DIB - Dipula Income Fund Limited - Dealings by directors` associates DIPULA INCOME FUND LIMITED (Incorporated in the Republic of South Africa (Registration number 2005/013963/06) JSE code for A-linked units: DIA ISIN for A-linked units: ZAE000158317 JSE code for B-linked units: DIB ISIN for B-linked units: ZAE000158325 ("Dipula" or "the company") DEALINGS BY DIRECTORS` ASSOCIATES Linked unitholders are advised that, on 18 April 2012, Dijalo Property Services (Pty) Ltd ("Dijalo") and Mergence Africa Properties (Pty) Ltd ("Mergence") concluded an agreement for the acquisition by a trust of the 50 000 000 Dipula B units owned by Redefine Properties Limited. The Dipula B units will be acquired with effect from 1 June 2012 for an aggregate consideration of R270 000 000. Mergence and Dijalo will be beneficiaries of the trust and will each have a vested entitlement in up to 39.25% of the trust capital. The trust will also include broad based beneficiaries. Izak Peterson the CEO of Dipula is a director of and has a 38% beneficial interest in Mergence. Saul Gumede, an executive director of Dipula, is a director of and has a 40% beneficial interest in Dijalo. The acquisition of the Dipula B units remains conditional on the registration of the trust and the securing of the necessary funding for the purchase consideration. 20 April 2012 Sponsor Java Capital Date: 20/04/2012 16:58:01 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.

Share This Story