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Dealings in securities
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 referred to the dealings announcement dated 20 April 2012 in which they were advised
that Dijalo Property Services (Pty) Ltd (“Dijalo”) and Mergence Africa Properties (Pty) Ltd (“Mergence”) had
concluded an agreement for the acquisition by the Dipula BEE Trust (“the Trust”) of 50 000 000 Dipula B units
from Redefine Properties Limited for an aggregate consideration of R270 000 000.
The transaction became unconditional on 31 August 2012 on which date the Dipula B units were transferred
into the name of the Dipula BEE Trust.
As previously advised:
- Mergence and Dijalo are beneficiaries of the Trust and each have a vested entitlement in up to 39.25% of
the trust capital;
- Izak Petersen the CEO of Dipula is a director of and has a 38% beneficial interest in Mergence; and
- Saul Gumede, an executive director of Dipula, is a director of and has a 40% beneficial interest in Dijalo.
Principally to fund the equity stake required by the Dipula BEE Trust to acquire the 50 000 000 Dipula B units
and in order to pay ancillary costs and taxes, Mergence and Dijalo have disposed of certain of their existing
Dipula units, as follows:
Name of associate: Mergence
Name of director: Izak Petersen, who has a 38%
beneficial interest in Mergence
Transaction date: 31 August 2012
Class of securities: A class linked units
Number of securities: 680 000
Price per security: R10.65
Total value: R7 242 000.00
Nature of transaction: On-market sale
Name of associate: Mergence
Name of director: Izak Petersen, who has a 38%
beneficial interest in Mergence
Transaction date: 31 August 2012
Class of securities: B class linked units
Number of securities: 680 000
Price per security: R6.80
Total value: R4 624 000.00
Nature of transaction: On-market sale
Name of associate: Dijalo
Name of director: Saul Gumede, who has a 40%
beneficial interest in Dijalo
Transaction date: 31 August 2012
Class of securities: A class linked units
Number of securities: 2 182 000
Price per security: R10.65
Total value: R23 238 300.00
Nature of transaction: On-market sale
Name of associate: Dijalo
Name of director: Saul Gumede, who has a 40%
beneficial interest in Dijalo
Transaction date: 31 August 2012
Class of securities: B class linked units
Number of securities: 2 164 943
Price per security: R6.80
Total value: R14 721 612.40
Nature of transaction: On-market sale
Name of associate: Dijalo
Name of director: Saul Gumede, who has a 40%
beneficial interest in Dijalo
Transaction date: 3 September 2012
Class of securities: A class linked units
Number of securities: 8 000
Price per security: R10.50
Total value: R84 000.00
Nature of transaction: On-market sale
Name of associate: Dijalo
Name of director: Saul Gumede, who has a 40%
beneficial interest in Dijalo
Transaction date: 3 September 2012
Class of securities: B class linked units
Number of securities: 10 900
Price per security: R6.65
Total value: R72 485.00
Nature of transaction: On-market sale
4 September 2012
Sponsor
Java Capital
Date: 04/09/2012 04:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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