RESILIENT PROPERTY INCOME FUND LTD - Finalisation announcement and salient dates for the conversion of Resilient's capital structure

Finalisation announcement and salient dates for the conversion of Resilient's capital structure

RESILIENT PROPERTY INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/016851/06)
JSE share code: RES ISIN: ZAE000043642
(Approved as a REIT by the JSE)
(“Resilient”)


FINALISATION ANNOUNCEMENT AND SALIENT DATES FOR THE CONVERSION OF RESILIENT’S CAPITAL STRUCTURE


Linked unitholders are referred to the announcement released on SENS on 29 May 2014 wherein the salient dates and
times in respect of:

-     the conversion of Resilient’s authorised and issued ordinary par value shares to authorised and issued ordinary
      shares of no par value;
-     the increase of Resilient’s authorised share capital;
-     the conversion of Resilient’s current linked unit capital structure to an all share structure to be effected by way of a
      scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008;
-     the amendment of Resilient’s Memorandum of Incorporation to enable the change in Resilient’s capital structure;
-     the amendment of Resilient’s Debenture Trust Deed;
-     the adoption of a new Memorandum of Incorporation to give effect to the change in Resilient’s capital structure;
      and
-     the subsequent termination of Resilient’s Debenture Trust Deed,

(collectively the “transactions”) were announced as well as the announcement released on SENS on 25 July 2014
wherein linked unitholders were advised that the registration of the special resolutions in respect of the transactions had
been delayed due to backlogs at the Companies and Intellectual Property Commission (“CIPC”).

The special resolutions in respect of the transactions, together with all prescribed documents, have been registered by the
CIPC. The Takeover Regulation Panel has issued a compliance certificate in terms of section 119(4) of the Companies
Act, 71 of 2008, with the result that the transactions have now become unconditional in accordance with their terms.
Accordingly the transactions will be implemented in accordance with the timetable set out below.

                                                                                                                  2014
Finalisation date announcement published in the press                                             Friday, 19 September
Last day to trade in existing linked units on the JSE prior to the delinking of the linked
units and the capitalisation of the debentures                                                    Friday, 26 September
Trading in delinked ordinary shares of no par value under the new ISIN: ZAE000190807
and the existing code of “RES” commences                                                          Monday, 29 September
Suspension of listing of linked units on the JSE                                                  Monday, 29 September
Scheme implementation record date for the delinking of the linked units and the
capitalisation of the debentures at the close of business                                           Friday, 3 October
Scheme operative date                                                                               Monday, 6 October
Date dematerialised shareholders will have their accounts updated at their CSDP or
broker                                                                                              Monday, 6 October
Date of issue of new replacement share certificates provided that the old linked unit
certificates have been surrendered by 12:00 on Friday, 3 October 2014 (any certificated
linked units surrendered after this date will be replaced within five business days after
receipt by the transfer secretaries)                                                                Monday, 6 October
Termination of listing of linked units                                                              Monday, 6 October

Notes:
1. All times given in this circular are local times in South Africa.
2. No dematerialisation of linked unit certificates may take place after Friday, 26 September 2014.


18 September 2014


Corporate advisor, legal advisor and sponsor
Java Capital
Date: 18/09/2014 11:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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