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BONATLA PROPERTY HOLDINGS LIMITED - Renewal of Cautionary Announcement

Release Date: 17/06/2014 08:12
Code(s): BNT     PDF:  
Wrap Text
Renewal of Cautionary Announcement

BONATLA PROPERTY HOLDINGS LIMITED
(Registration number 1996/014533/06)
Share code: BNT ISIN: ZAE000013694
(”Bonatla” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the previous cautionary announcements dated 6 March
2013, 22 April 2013, 5 July 2013, 8 July 2013, 19 August 2013, 1 November 2013,
4 November 2013, 17 December 2013, 31 January 2014, 21 February 2014, 7 April
2014 and 2 May 2014 respectively.

It should be noted that the company is required to finalise its investigation by the JSE
in order that it can proceed with issuing required circulars. Thus, due to this or the
fact that negotiations are still on-going or pro forma financial effects are still required
to be announced, shareholders are advised to continue to exercise caution with
regard to the following:

Pro forma effects still to be announced and shareholder approval or ratification still
required:
-    Disposal of Bishops Court announced on 17 May 2013;
-    Disposal of Austin Crossing announced on 17 May 2013;
-    Acquisition of an increased shareholding in CPTech from related parties
     announced on 17 May 2013;
-    Disposal of Chambers announced on 21 February 2014;
-    Disposal of Tropical 320 announced on 21 February 2014;
-    Disposal of Tropical 334 announced on 21 February 2014;
-    Share Swap Agreement for Kimberley Diamond and Jewellery Hub announced
     on 2 May 2014; and
-    Share Swap Agreement for Lincoln Meade Park announced on 2 May 2014.

On-going discussions and/or negotiations:
-   Acquisition of 75.1% of Guilder Investments Proprietary Limited;
-   Acquisition of 75.1% in a special purpose vehicle to be formed for the Jozini
    acquisition; and
-   Acquisition of Ruitersvlei.

Shareholders are also reminded of the potential offer to Bonatla shareholders as
announced on 2 May 2014 and are advised that the period for the due diligence has
been extended. However, the company was informed that the Offeror has decided
to proceed with the offer subject to agreement. Further details will be announced in
due course.

By order of the board
17 June 2014

Sponsor
Arcay Moela Sponsors Proprietary Limited

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