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HYPROP INVESTMENTS LIMITED - Acquisition of Somerset Mall

Release Date: 29/07/2013 17:42
Code(s): HYP     PDF:  
Wrap Text
Acquisition of Somerset Mall

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
Share code: HYP ISIN: ZAE000003430
(Approved as a REIT by the JSE)
(“Hyprop” or “the company”)


ACQUISITION OF SOMERSET MALL


Unitholders are referred to the previous announcements published on SENS advising that Hyprop and Sycom Property
Fund (“Sycom”), through its manager, Sycom Property Fund Managers Limited (“SPFM”), had concluded an
agreement in terms of which Hyprop will acquire 100% of Somerset Mall Shopping Centre in the Western Cape
(“Somerset Mall”) for R2.3 billion. The purchase price will be settled by Hyprop transferring 81 500 000 Sycom
units to SPFM.

Unitholders are advised that the Competition Authorities have approved the transaction.

The transaction will be unconditional on transfer of the remaining 50% of Somerset Mall to Sycom. This is anticipated
to occur in the next few months.

Unitholders will be kept abreast of progress.

29 July 2013


Corporate advisor, legal advisor and sponsor
Java Capital

Date: 29/07/2013 05:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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