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ARROWHEAD PROPERTIES LIMITED - Voluntary announcement in respect of Arrowheads exposure to African Bank Investments Limited and the Ellerines Grou

Release Date: 11/08/2014 12:14
Code(s): AWB AWA     PDF:  
Wrap Text
Voluntary announcement in respect of Arrowhead’s exposure to African Bank Investments Limited and the Ellerines Grou

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”)


VOLUNTARY ANNOUNCEMENT IN RESPECT OF ARROWHEAD’S EXPOSURE TO AFRICAN BANK INVESTMENTS LIMITED AND 
THE ELLERINES GROUP (COLLECTIVLY THE “ABIL GROUP”)


Linked unitholders are referred to the recent announcements released by the ABIL Group. Arrowhead would
like to reassure linked unitholders that Arrowhead’s exposure to ABIL is insignificant. Of Arrowhead’s
approximately R62 million in monthly rental income, only R840 000 of that is attributable to the ABIL Group.
Furthermore, the properties which are potentially impacted are all situated in nodes that management believe
are easily re-lettable.

11 August 2014


Sponsor

Java Capital

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