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DIPULA INCOME FUND LIMITED - Submission of a resolution of Dipula Linked Unitholders in terms of Section 60 of the Companies Act 2008 ("ACT")

Release Date: 31/05/2013 15:10
Code(s): DIA DIB     PDF:  
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Submission of a resolution of Dipula Linked Unitholders in terms of Section 60 of the Companies Act 2008 ("ACT")

DIPULA INCOME FUND LIMITED
(formerly Dipula Property Fund (Pty) Ltd)
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”)

SUBMISSION OF A RESOLUTION OF DIPULA LINKED UNITHOLDERS IN TERMS OF SECTION 60 OF THE COMPANIES ACT 2008 (“ACT”)

On 22 March 2013 the Company announced on SENS that it had concluded agreements for the
acquisitions of Shoprite Pretoria North, Ziyabuya Shopping Centre and Gezina Galleries, Blackheath
Pavilion and Woodmead Square and Woodmead Super Value Mall. In addition, the Company is in
various negotiations for the potential acquisition of other properties. In order for the Company to partially
fund the acquisitions, the board of directors of Dipula (the “board” or the “directors”) has resolved to
undertake one or more capital raisings by the issue of A-linked units and B-linked units. Unitholders are
advised that the board has resolved (in terms of section 65(2) of the Act) to propose an ordinary resolution
granting the directors a specific authority to place up to 30 000 000 A-linked units and up to 30 000 000
B-linked units in the authorised but unissued capital of the Company under the control of the directors in
order to implement the capital raisings for consideration by written consent of unitholders in terms of
section 60 of the Act.

In terms of section 60 of the Act, a resolution that could be voted on at a unitholders meeting may instead
be submitted for consideration to the unitholders entitled to exercise voting rights in relation to the
resolution, and be voted on in writing by unitholders entitled to exercise voting rights in relation to the
resolution, within 20 business days after the resolution was submitted to them.

Section 60(2) of the Act further provides that a resolution contemplated in section 60(1) of the Act will
have been adopted if it is supported by persons entitled to exercise sufficient voting rights for it to have
been adopted as an ordinary or special resolution, as the case may be, at a properly constituted unitholders
meeting, and if adopted such resolution will have the same effect as if it had been approved by voting at a
meeting.

A letter together with the proposed ordinary resolution and a form of written consent was distributed to
unitholders of Dipula today setting out the detailed action required to be taken by unitholders in respect of
the proposed ordinary resolution. A copy of the letter, proposed ordinary resolution and form of written
consent will be available to be viewed on Dipula’s website www.dipula.co.za from Monday, 3 June 2013.
The directors have resolved that the record date for determining which unitholders are entitled to vote on
the proposed ordinary resolution in terms of the written consent shall be 31 May 2013.


31 May 2013


Corporate advisor and sponsor
Javacapital
Date: 31/05/2013 03:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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