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VUKILE PROPERTY FUND LIMITED - Results of the odd-lot offer

Release Date: 05/06/2013 07:05
Code(s): VKE     PDF:  
Wrap Text
Results of the odd-lot offer

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
ISIN: ZAE000056370
JSE Share code: VKE NSX Share code: VKN
(Granted REIT status with the JSE)
("Vukile" or the “company”)



RESULTS OF THE ODD-LOT OFFER


Linked unitholders are referred to the circular dated 27 March 2013 (the “circular”) posted to linked unitholders in
respect of inter alia:

-     the adoption of a new Memorandum of Incorporation;
-     an odd-lot offer to linked unitholders holding less than 100 linked units in the linked unit capital of the
      company; and
-     a specific authority for the company to repurchase odd-lot holdings in terms of the odd-lot offer.

Terms contained in this announcement are as defined in the circular.

Linked unitholders are also referred to the announcement released on SENS on 14 May 2013 wherein the salient dates
and times in respect of the implementation of the odd-lot offer were announced.

The results of the odd-lot offer are as follows:

                             Linked units   Linked units sold by   Linked units sold by          Total linked units
                      retained by election              election                default*                       sold
Certificated                             -                     -                    691                         691
Dematerialised                         609                   296                    205                         501
Total                                  609                   296                    896                        1192
* Odd-lot holders who did not make an election were automatically regarded as having chosen to sell their odd-lot
   holdings.

Pursuant to the odd-lot offer, a total of 1 192 linked units have been sold by odd-lot holders, representing 0.00026% of
the issued linked unit capital of the company prior to the implementation of the odd-lot offer. The number of linked
unitholders was reduced by 705 linked unitholders, representing 11.61% of the total number of linked unitholders
prior to the implementation of the odd-lot offer, based on Vukile’s register as at 24 May 2013.

Dematerialised odd-lot holders who sold their odd-lot holdings (either by election or default) had their accounts at
their CSDP or broker credited with the offer price on Monday, 3 June 2013.

Certificated odd-lot holders who failed to make any election timeously, and are therefore deemed to have sold their
odd-lot holdings, are reminded to submit their relevant documents of title to the transfer secretaries, Link Market
Services South Africa (Proprietary) Limited, 13th Floor, 19 Ameshoff Street, Braamfontein, 2001 (PO Box 4844,
Johannesburg, 2000) in order to receive payment in respect of their odd-lot holdings.


4 June 2013

JSE Sponsor and Corporate advisor: Java Capital

NSX sponsor: IJG Securities (Pty) Ltd

Date: 05/06/2013 07:05:00 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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