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REBOSIS PROPERTY FUND LIMITED - Acquisition of Ascension linked units and withdrawal of cautionary

Release Date: 25/06/2014 16:34
Code(s): REB     PDF:  
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Acquisition of Ascension linked units and withdrawal of cautionary

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share code: REB ISIN: ZAE000156147
(Approved as a REIT by the JSE)
(“Rebosis” or “the company”)

ACQUISITION OF ASCENSION LINKED UNITS AND WITHDRAWAL OF CAUTIONARY

Linked unitholders are referred to the announcement released on SENS on Tuesday, 24 June 2014 wherein linked
unitholders were advised that Rebosis has acquired 28 001 628 A linked units and 82 575 341 B linked units in
Ascension Properties Limited (“Ascension”) (the “Ascension linked units”) from Delta Property Fund Limited for a
consideration of R4.76 per Ascension A linked unit and R2.61 per Ascension B linked unit.

The acquisition of the Ascension linked units follows Rebosis’ acquisition of Ascension’s management company and
significantly increases Rebosis’ strategic stake in Ascension. The acquisition of the Ascension linked units is
classified as a Category 2 transaction in terms of the JSE Listings Requirements and, as such, is not subject to
approval by Rebosis’ linked unitholders.

The effects of the acquisition of the Ascension linked units on Rebosis’ net asset and net tangible asset value per
linked unit, basic and diluted earnings per linked unit, headline and diluted headline earnings per linked unit and
distribution per linked unit are not significant (less than 3%) and are therefore not required to be disclosed.

Rebosis linked unitholders are advised that caution is no longer required to be exercised by Rebosis linked unitholders
when dealing in their Rebosis linked units.

25 June 2014


Corporate advisor and sponsor 
Java Capital                               


Legal advisor to Rebosis
Cliffe Dekker Hofmeyr

                                                                  
Date: 25/06/2014 04:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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