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

GROWTHPOINT PROPERTIES LIMITED - Acquisition of the Tiber Group-Fulfillment of suspensive conditions

Release Date: 03/02/2014 09:25
Code(s): GRT     PDF:  
Wrap Text
Acquisition of the Tiber Group-Fulfillment of suspensive conditions

Growthpoint Properties Limited                     Tiber Property Group (Proprietary) Limited
REIT status approved                               (Incorporated in the Republic of South Africa)
(Incorporated in the Republic of South Africa)         (Registration Number 1999/025600/07)
(Registration Number 1987/004988/06)                                (“TPG”)
Share code: GRT      ISIN ZAE000179420
(“Growthpoint”)                                    Tiber Developments (Proprietary) Limited
                                                     (Incorporated in the Republic of South Africa)
                                                        (Registration Number 1994/009349/07)
                                                               (“Tiber Developments”)

                                                   Morningside Extension 137 (Proprietary) Limited
                                                    (Incorporated in the Republic of South Africa)
                                                       (Registration Number 1994/003904/07)

                                                        Lot 3 of 143 Atholl (Proprietary) Limited
                                                     (Incorporated in the Republic of South Africa)
                                                        (Registration Number 1998/007575/07)

                                                       Turbine Square Two (Proprietary) Limited
                                                     (Incorporated in the Republic of South Africa)
                                                        (Registration Number 2003/017105/07)
                                                                  (“Turbine Square”)

                                                            (collectively the “Tiber Group”)



    ACQUISITION OF THE TIBER GROUP – FULFILLMENT OF SUSPENSIVE CONDITIONS



   Further to the joint announcement (“the Announcement”) released on the Securities Exchange
   News Service on Monday, 18 November 2013 regarding the acquisition by Growthpoint of the
   entire Tiber Group portfolio of properties and management business (“the Transaction”), all
   suspensive conditions to the Transaction, including the unconditional approval of the Competition
   Tribunal, have been fulfilled and the Transaction is now unconditional.

   By mutual agreement between Growthpoint and the Tiber Group, the effective date of the
   Transaction will be postponed from 1 February 2014 to 1 March 2014.

   Johannesburg
   3 February 2014



       ADVISERS TO GROWTHPOINT                          ADVISERS TO THE TIBER GROUP

Investment Bank and Sponsor to Growthpoint                 Attorneys to the Tiber Group

             Investec Bank Limited                               Roodt Incorporated

 Attorneys and Tax Advisers to Growthpoint           Independent Adviser to the Tiber Group

           Glyn Marais Incorporated                            Messrs Johan Goosen
                                                  Financial Adviser to the Tiber Group
       Tax Advisers to Growthpoint
                                               Grant Thornton Advisory Services (Proprietary)
Ernst & Young Services (Proprietary) Limited
                                                                 Limited

                                                     Tax Advisers to the Tiber Group

                                                         Werksmans Incorporated

                                                    Conveyancers to the Tiber Group

                                                           Messrs Tonkin Clacey




 INDEPENDENT ADVISERS TO THE TIBER
       GROUP SHAREHOLDERS

Independent Attorneys to the Tiber Group
             shareholders

       Bowman Gilfillan Incorporated

Independent Financial Advisers to the Tiber
          Group shareholders

 PricewaterhouseCoopers Corporate Finance
            (Proprietary) Limited

Date: 03/02/2014 09:25:00 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