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VUKILE PROPERTY FUND LIMITED - Finalisation announcement regarding the acquisition of a 50% undivided share in East Rand Mall from Redefine

Release Date: 20/02/2013 09:00
Code(s): VKE VKN     PDF:  
Wrap Text
Finalisation announcement regarding the acquisition of a 50% undivided share in East Rand Mall from Redefine

Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number 2002/027194/06
JSE Share code: VKE
ISIN: ZAE000056370
NSX Share code: VKN
(“Vukile”)

Finalisation announcement regarding the acquisition of a 50% undivided share
in East Rand Mall (the “Property”) from Redefine Properties Limited (the
“Transaction”)

Further to the detailed cautionary announcement released on SENS on 22
November 2012 and the unaudited condensed interim financial statement and results
announcement, containing the financial effects of the Transaction, released on SENS
on 23 November 2012, Vukile linked unitholders (“unitholders”) are advised that the
Competition Tribunal has approved the Transaction. Accordingly, all conditions
precedent pertaining to the Transaction (other than transfer being effected) have
been fulfilled and it is anticipated that the registration of the transfer of the Property
will, barring any issues raised by the Deeds office, be effected on or about 2 April
2013.

Unitholders are further advised that the special distribution comprising at least 95%
of the sales commission accruing to Vukile in April 2013 as a result of the
Transaction is expected to be made in December 2013, being the first distribution for
the 2014 financial reporting period.

Johannesburg
20 February 2013

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

Date: 20/02/2013 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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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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