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Rights Offer Declaration Announcement
INVESTEC AUSTRALIA PROPERTY FUND
Incorporated and registered in Australia in terms of ASIC (ARSN 162 067 736)
Registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No.
45 of 2003 and operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”)
Share code: IAP
ISIN: AU60INL00018
(“IAPF” or “the Fund”)
RIGHTS OFFER DECLARATION ANNOUNCEMENT
1. Introduction
As advised in the SENS announcement released on 21 July 2014, the Fund has concluded an agreement for the
acquisition of the Ann Street Property, which is proposed to be funded by way of a renounceable rights offer
(“Rights Offer”) to existing unitholders. The acquisition of the Ann Street Property was approved by IAPF
unitholders in a general meeting held on 12 September 2014. Further details in respect of the Ann Street
Property can be found in the circular posted to unitholders 14 August 2014.
The Rights Offer circular is subject to JSE approval which is expected to be received on Friday, 19 September
2014. Save for this, there are no other conditions precedent to the Rights Offer.
2. Salient dates and times
The proposed salient dates and times in respect of the Rights Offer are set out below:
2014
Finalisation date announcement released on SENS on Monday, 22 September
Finalisation date announcement published in the press on Tuesday, 23 September
Last date to trade in units on the JSE for settlement by the record date and Friday, 26 September
to be recorded as a qualifying unitholder for the purpose of receiving the
Rights Offer circular
Units trade ex-rights on the JSE from Monday, 29 September
Listing and trading on the JSE of the letters of allocation from the Monday, 29 September
commencement of trade on
Rights Offer circular including a form of instruction posted to certificated Tuesday, 30 September
unitholders
Record date in order to be entitled to participate in the Rights Offer on Friday, 3 October
Rights Offer opens at 09:00 on Monday, 6 October
Letters of allocation credited to an electronic account held at the transfer Monday, 6 October
secretaries in respect of certificated unitholders on
CSDP or broker accounts credited with rights in respect of dematerialised Monday, 6 October
units on
Rights Offer circular posted to dematerialised unitholders Tuesday, 7 October
Last day to trade in the letters of allocation on the JSE in order to settle by Friday, 10 October
close of the Rights Offer on
Listing and trading on the JSE of Right Offer Units commences at 09:00 on Monday, 13 October
Payment to be made and form of instruction to be lodged with the transfer Friday, 17 October
secretaries by certificated unitholders by 12:00 on
Rights Offer closes at 12:00 on Friday, 17 October
Record date for letters of allocation on Friday, 17 October
Rights Offer Units issued on Monday, 20 October
CSDP or broker accounts of dematerialised unitholders debited and updated Monday, 20 October
with Rights Offer Units and unit certificates posted to certificated unitholders
Results of Rights Offer announced on SENS on Monday, 20 October
Results of Rights Offer announced in the press on Tuesday, 21 October
Refunds (if any) to certificated unitholders in respect of unsuccessful excess Wednesday, 22 October
applications made
Dematerialised unitholders accounts updated and debited by CSDP or Wednesday, 22 October
broker in respect of any excess units allocated on
1. All times indicated above are South African times.
2. Dematerialised unitholders are required to inform their CSDP or broker of their instructions in terms of the Rights Offer
in the manner and time stipulated in the agreement governing the relationship between the unitholder and their CSDP
or broker.
3. Unit certificates may not be dematerialised or rematerialised between Monday, 29 September 2014 and Friday, 3
October 2014, both days inclusive.
4. Dematerialised unitholders will have their accounts at their CSDP or broker automatically credited with their rights and
certificated unitholders will have their rights credited to a nominee account at Computershare Investor Services
Proprietary Limited.
5. CSDPs effect payment in respect of dematerialised unitholders on a delivery-versus-payment method.
3. Finalisation announcement
It is anticipated that the finalisation announcement containing full details of the Rights Offer, including the Rights
Offer price and entitlement ratio will be released on SENS on Monday, 22 September 2014.
Investment Bank and Sponsor
Investec Bank Limited
Independent Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
Independent Reporting Accountants
KPMG Inc.
Legal Advisor (Australia)
Herbert Smith Freehills
Legal Advisor (South Africa)
Fluxmans Inc.
Sydney
18 September 2014
Date: 18/09/2014 11:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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