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SYNERGY INCOME FUND LIMITED - Notification of an acquisition of a beneficial interest in securities and receipt of a firm intention notice

Release Date: 05/11/2014 11:13
Code(s): SGA SGB     PDF:  
Wrap Text
Notification of an acquisition of a beneficial interest in securities and receipt of a firm intention notice

SYNERGY INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code: SGA     ISIN: ZAE000161550
JSE share code: SGB     ISIN: ZAE000162293
(Approved as a REIT by the JSE)
(“Synergy” or “the Company”)


TRP121: NOTIFICATION OF AN ACQUISITION OF A BENEFICIAL INTEREST IN SECURITIES AND RECEIPT
OF A FIRM INTENTION NOTICE

In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”) and
Regulation 121(2)(b) of the Companies Act Regulations, 2011, holders of both Synergy A linked units and
Synergy B linked units (collectively, “Unitholders”) are advised that Synergy has received notification
from Vukile Property Fund Limited (“Vukile”) of the acquisition by Vukile of Synergy B linked units, such
that Vukile is now able to exercise 39.965% of the voting rights attaching to all securities issued by the
Company.

Linked Unitholders are referred to the announcement published by Vukile on SENS on 5 November 2014
referring to Vukile’s firm intention to make a mandatory offer to Linked Unitholders (“the Mandatory
Offer”) and setting out the terms and conditions on which such Mandatory Offer is to be made.

The independent members of the board of directors of Synergy will consider the terms and conditions of
the Mandatory Offer and will respond in due course having regard for its obligations in terms of the
Companies Act 2008 and related Companies Regulations.



5 November 2014

Corporate Advisor and Transaction Sponsor

Questco (Pty) Limited

Date: 05/11/2014 11:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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