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HPA/HBB - Hospitality Property Fund Limited - Rights Offer and Distribution
Finalisation Announcement
Hospitality Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
Share code for A-linked units: HPA
ISIN for A-linked units: ZAE000076790
Share code for B-linked units: HPB
ISIN for B-linked units: ZAE000076808
("Hospitality" or "the company")
RIGHTS OFFER AND DISTRIBUTION FINALISATION ANNOUNCEMENT
Linked unitholders are referred to the declaration announcement released on SENS
on 30 April 2012, in which the dates and conditions precedent relating to the
rights offer ("the rights offer") and the distribution ("the distribution") were
announced.
Unitholders are hereby advised that all conditions precedent to the rights offer
and the distribution have been fulfilled and accordingly the rights offer and
the distribution will be implemented according to the respective timetables set
out below.
RIGHTS OFFER
In terms of the rights offer:
- Hospitality A-linked unitholders will be offered 40.55818 Hospitality A-
linked units for every 100 A-linked units held by them on the record date
for participation in the rights offer, at a subscription price of R11.48
per rights offer A-linked unit; and
- Hospitality B-linked unitholders will be offered 40.55818 Hospitality B-
linked units for every 100 B-linked units held by them on the record date
for participation in the rights offer, at a subscription price of R3.25 per
rights offer B-linked unit.
The JSE has granted listings for the letters of allocation and the rights offer
linked units as follows:
- letters of allocation in respect of 36 000 000 rights offer A-linked units
will be listed from the commencement of business on Monday, 21 May 2012 to
close of business on Friday, 8 June 2012, both days inclusive, under the
JSE code: HPAN and ISIN: ZAE000165304;
- letters of allocation in respect of 36 000 000 rights offer B-linked units
will be listed from the commencement of business on Monday, 21 May 2012 to
close of business on Friday, 8 June 2012, both days inclusive, under the
JSE Code: HPBN and ISIN: ZAE000165312;
- 36 000 000 rights offer A-linked units will be listed with effect from the
commencement of business on Monday, 11 June 2012; and
- 36 000 000 rights offer B-linked units will be listed with effect from the
commencement of business on Monday, 11 June 2012.
2012
Last day for fulfilment of conditions precedent to the Friday, 11 May
rights offer and finalisation announcement on SENS
Monday, 14 May
Finalisation announcement published in the press
Last day to trade in Hospitality linked units in order Friday, 18 May
to participate in the rights offer on
Listing and trading of letters of allocation on the JSE
on Monday, 21 May
Hospitality linked units commence trading on the JSE ex-
rights offer entitlement on Monday, 21 May
Record date for determination of linked unitholders
entitled to participate in the rights offer (initial Friday, 25 May
record date) on
Rights offer opens at 12:00 on Monday, 28 May
Rights offer circular and forms of instruction posted to
linked unitholders, where applicable, on Monday, 28 May
Dematerialised linked unitholders will have their
accounts at their CSDP or broker automatically credited Monday, 28 May
with their entitlement on
Certificated linked unitholders on the register will
have their entitlement credited to an account held with Monday, 28 May
the transfer secretaries on
Last day to trade letters of allocation on the JSE on Friday, 8 June
Maximum number of rights offer linked units listed and
trading therein commences on the JSE on Monday, 11 June
Rights offer closes at 12:00 on (see note 1) Friday, 15 June
Record date for letters of allocation (final record Friday, 15 June
date)
Rights offer linked units issued on Monday, 18 June
Dematerialised unitholders accounts updated and debited Monday, 18 June
by CSDP or broker with rights offer linked units on
Results of rights offer announced on SENS on Monday, 18 June
Results of rights offer announced in the press on Tuesday, 19 June
Notes:
1 Dematerialised linked unitholders are required to inform their CSDP or
broker of their instructions in terms of the rights offer in the manner and
time stipulated in the agreement governing the relationship between the
unitholder and its CSDP or broker.
2 Linked unit certificates may not be dematerialised or rematerialised
between Monday, 21 May 2012 and Friday, 25 May 2012, both days inclusive.
3 Dematerialised linked unitholders will have their accounts at their CSDP or
broker automatically credited with their rights and certificated linked
unitholders will have their rights credited to a nominee account at
Computershare.
4 CSDPs effect payment in respect of dematerialised linked unitholders on a
delivery-versus-payment method.
5 The dates above are subject to change. Any changes will be released on
SENS.
INTEREST PAYMENT
Linked unitholders will receive debenture interest payment number 12 for the six
month period ended 31 December 2011, of 63.34 cents per A linked unit and 7.91
cents per B linked unit in accordance with the timetable below.
2012
Last day for fulfilment of conditions precedent and Friday, 11 May
finalisation announcement on SENS
Last day to trade cum interest Friday, 18 May
Linked units will trade ex interest Monday, 21 May
Record date Friday, 25 May
Payment date Monday, 28 May
Unitholders may not dematerialise or rematerialise their linked units between
Monday, 21 May 2012 and Friday, 25 May 2012, both days inclusive.
Johannesburg
11 May 2012
Lead transaction sponsor and corporate advisor
Java Capital
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 11/05/2012 10:59:00 Supplied by www.sharenet.co.za
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