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OCTODEC INVESTMENTS LIMITED - Joint cautionary announcement

Release Date: 07/04/2014 15:28
Code(s): OCT PMM     PDF:  
Wrap Text
Joint cautionary announcement

Octodec Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
Share Code: OCT
ISIN Code: ZAE000005104
(“Octodec”)
REIT Status approved


Premium Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/003601/06)
Share Code: PMM
ISIN Code: ZAE000009254
(“Premium”)
REIT Status approved



Joint cautionary announcement

Linked unitholders (collectively, “Unitholders”) of Octodec and Premium (collectively, “the
Companies”) are referred to the joint announcement dated 30 October 2013, wherein Unitholders
were advised, that pursuant to the introduction of the Taxation Amendment Act (No. 22 of 2012)
containing section 25BB Real Estate Investment Trusts tax dispensation, the boards of directors
of Octodec and Premium (the “Boards”) were considering a possible merger of the two
companies (the “Proposed Merger”).

Given that the Companies have now obtained REIT status, the Companies are in a position to
advance the Proposed Merger.

Accordingly, Unitholders are advised to exercise caution when dealing in their Octodec and
Premium linked units, respectively, until a further announcement regarding the Proposed Merger
is made.


Johannesburg
7 April 2014


Investment Bank and Sponsor
Nedbank Capital

Legal adviser
Tugendhaft Wapnick Banchetti and Partners

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