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FOUNTAINHEAD PROPERTY TRUST - Update and renewal of cautionary announcement

Release Date: 24/10/2012 14:08
Code(s): FPT     PDF:  
Wrap Text
Update and renewal of cautionary announcement

Fountainhead Property Trust
A Collective Investment Scheme in property registered in terms of the Collective Investment
Schemes Control Act, No. 45 of 2002 and managed by Fountainhead Property Trust
Management Limited
(Registration No. 1983/003324/06)
Share Code: FPT
ISIN Code: ZAE000097416
("Fountainhead”)

Update and renewal of cautionary announcement

Unitholders of Fountainhead (“Unitholders”) are referred to the cautionary announcement
released on the Securities Exchange News Service ("SENS") on 23 October 2012 by
Growthpoint Properties Limited ("Growthpoint "), which sets out details relating to an
unsolicited offer received by the directors of Fountainhead Property Trust Management
Limited (“Fountainhead Manco”) from Growthpoint to acquire all of the assets of
Fountainhead in return for a combination of cash and Growthpoint units (“the Growthpoint
proposal”).

Unitholders are further referred to the Fountainhead cautionary announcement
released on SENS on 1 October 2012 relating to the unsolicited proposal received from
Redefine Properties Limited (“Redefine”) to acquire the majority of the assets of
Fountainhead in return for a combination of Redefine and Hyprop Limited units (“the
Redefine proposal”) (jointly, the Growthpoint proposal and the Redefine proposal are
referred to as “the Proposals”).

As set out in the cautionary announcement of 1 October 2012, the Board of Fountainhead
Manco will consider the Proposals received. There are a number of regulatory and
commercial issues to be finalised before Fountainhead Manco can revert to Unitholders in
relation to the relative merits of the Proposals.

Unitholders are accordingly advised to continue to exercise caution when trading in their
Fountainhead units until a further announcement is made.

24 October 2012

Merchant bank and transaction sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Legal Advisor
Bowman Gilfillan Inc.

Date: 24/10/2012 02:08:00 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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