To view the PDF file, sign up for a MySharenet subscription.

INGENUITY PROPERTY INVESTMENTS LTD - Fulfilment of the remaining conditions precedent relating to the Acquisitions

Release Date: 02/08/2013 13:23
Code(s): ING     PDF:  
Wrap Text
Fulfilment of the remaining conditions precedent relating to the Acquisitions

INGENUITY PROPERTY INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/018084/06)
ISIN: ZAE 000127411 JSE share code: ING
(“Ingenuity”)

Fulfilment of the remaining conditions precedent relating to the Acquisitions

Shareholders are referred to the announcements dated 8 April 2013 and 9 July 2013 relating to the
acquisition by Ingenuity of eight properties and a 67% interest in Insight Property Developers (Palmyra
Road) Proprietary Limited (“the Acquisitions”).

The remaining conditions precedent, being:

    -   the obtaining of mortgage finance acceptable to discharge that portion of the purchase
        consideration which will not be funded by the issue of Ingenuity shares; and
    -   the conclusion of a new lease agreement with the current tenant in respect of the Estuaries
        No. 1 building,

have now been fulfilled

The transfer date for the properties comprising the Acquisitions is still expected to occur on or about 1
September 2013.




Cape Town

2 August 2013




Sponsor

Nedbank Capital

Date: 02/08/2013 01:23:00 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.

Share This Story