RBA HOLDINGS LIMITED - Clayville Ext 28 - update on acquisition of properties

Clayville Ext 28 - update on acquisition of properties


RBA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/009701/06)
JSE code: RBA 
ISIN: ZAE000104154
(“RBA” or “the company”)


Clayville Extension 28 - update on acquisition of properties

Shareholders were advised on 15 April 2013 that a wholly owned subsidiary of RBA, namely 
RBA Developments (Tshwane) (Pty) Ltd (“the Purchaser”) entered into an agreement with the 
Clayville Garden City Housing Company Proprietary Limited for the acquisition of nine 
properties in Clayville Extension 28 Township for purposes of developing affordable housing.

The properties were earmarked for the construction of rental apartments that would be sold 
to market participants focused on owning residential rental portfolios.  Shareholders are 
hereby notified that the Purchaser has thus far been unable to secure a buyer for the 
proposed apartments to be built and that the current agreement for the purchase of the 
properties has thus lapsed.

Johannesburg
26 November 2013


Designated Adviser
 
Exchange Sponsors



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