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HOSPITALITY PROPERTY FUND LIMITED - Review of the Funds capital structure by Deloitte & Touche Corporate Finance

Release Date: 16/10/2014 09:00
Code(s): HPB HPA     PDF:  
Wrap Text
Review of the Fund’s capital structure by Deloitte & Touche Corporate Finance

HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
Share code for A linked units: HPA
ISIN for A linked units: ZAE000076790
Share code of B linked units: HPB
ISIN for B linked units: ZAE000076808
("Hospitality” or “the Fund”)

REVIEW OF THE FUND’S CAPITAL STRUCTURE BY DELOITTE & TOUCHE
CORPORATE FINANCE

As reported in the Fund’s year-end results which were released
on SENS on 20 August 2014, Deloitte & Touche Corporate Finance
was appointed by the Board to conduct a review of the Fund’s
capital structure.

A number of options and capital structure variations were
considered. Taking into account the views of both A and B
linked unitholders, the Company has at this stage decided to
retain the current capital structure and as a result the
status quo will remain for now, subject to compliance with the
JSE Limited Listings Requirements.


16 October 2014
Johannesburg

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 16/10/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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