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

ARROWHEAD PROPERTIES LIMITED - Update in respect of acquisitions concluded by Arrowhead

Release Date: 17/12/2013 14:58
Code(s): AWA AWB     PDF:  
Wrap Text
Update in respect of acquisitions concluded by Arrowhead

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000158101
JSE share code: AWB ISIN: ZAE000158119
(Approved as a REIT by the JSE)
(“Arrowhead”)


UPDATE IN RESPECT OF ACQUISITIONS CONCLUDED BY ARROWHEAD


Shareholders are referred to ordinary resolution 5 of the notice of annual general meeting of Arrowhead shareholders and
debenture holders dated 13 November 2013, placing up to 60 million Arrowhead A linked units and 60 million
Arrowhead B linked under the control of the directors to be used to pay for and/or fund acquisitions announced between
13 November 2013 and 8 January 2013.

In addition to the category 2 acquisitions of the Monash residences and the Sasol building (announced on SENS on 9
December 2013 and 13 December 2013 respectively) Arrowhead has concluded the following acquisitions that are not
categorisable for JSE purposes:

-     274 Kent Road, Randburg from Razorbill Properties 249 CC, an office building being acquired at a forward yield
      of 11% for a purchase price of R105 million;

-     2 33rd Street, Malvern, Johannesburg from NewShelf 1124 Proprietary Limited, an industrial property being
      acquired at a forward yield of 11% for a purchase price of R53 236 000;

-     corner Drome and Pretoria Roads, Lyndhurst, Johannesburg from Thiaki Investments Proprietary Limited, a retail
      property being acquired at a forward yield of 10.5% for a purchase price of R60 million; and

-     Erven 69, 70, 80 and 81, Industria from Simgold Investments Proprietary Limited, an industrial property being
      acquired at a forward yield of 12% for a purchase price of R34 million.

These additional acquisitions mean that, for the purposes of ordinary resolution 5, 6 acquisitions at an aggregate purchase
price of R652 236 000 have been announced to date.

17 December 2013


Corporate advisor, legal advisor and sponsor
Java Capital

Date: 17/12/2013 02:58:00 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