Wrap Text
Finalisation announcement & salient dates & times of mandatory & comparable offers to linked unitholders of Synergy
VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000056370
(Granted REIT status with the JSE)
(“Vukile” or “the company”)
FINALISATION ANNOUNCEMENT AND SALIENT DATES AND TIMES OF MANDATORY AND COMPARABLE
OFFERS TO THE LINKED UNITHOLDERS OF SYNERGY INCOME FUND LIMITED
Linked unitholders of Synergy Income Fund Limited (“Synergy”) are referred to the announcement released on SENS on 5
December 2014 wherein Synergy linked unitholders were advised that an offer circular was posted to Synergy linked unitholders
in respect of:
- a mandatory offer (the “mandatory offer”) by Vukile to acquire all of the Synergy B linked units not already owned by
Vukile for an offer consideration of 1 Vukile linked unit for every 2.67 Synergy B linked units disposed of in terms of the
mandatory offer; and
- a comparable offer (the “comparable offer”) by Vukile to acquire all of the Synergy A linked units for an offer
consideration of 1 Vukile linked unit for every 1.65 Synergy A linked units disposed of in terms of the comparable offer,
(collectively the “offers”) as well as the announcement released on SENS on 12 December 2014 wherein Synergy linked
unitholders were advised that the offers are open for acceptances on an unconditional basis.
Synergy linked unitholders are advised that the closing date of the offers will be 12:00 on Friday, 6 February 2015.
Accordingly, the salient dates and times for the offers are as follows:
2015
Finalisation date announcement (including the timetable in respect of the offers and the closing
date) published on SENS Friday, 23 January
Finalisation date announcement published in the press Monday, 26 January
Last day to trade in Synergy B linked units in order to participate in the mandatory offer Friday, 30 January
Last day to trade in Synergy A linked units in order to participate in the comparable offer Friday, 30 January
Synergy B linked units trade “ex” the mandatory offer Monday, 2 February
Synergy A linked units trade “ex” the comparable offer Monday, 2 February
Record date to determine which Synergy B linked unitholders may accept the mandatory offer Friday, 6 February
Record date to determine which Synergy A linked unitholders may accept the comparable offer Friday, 6 February
Mandatory offer closes at 12:00 on Friday, 6 February
Comparable offer closes at 12:00 on Friday, 6 February
Results of mandatory offer and comparable offer to be announced on SENS Monday, 9 February
Mandatory offer consideration credited to dematerialised mandatory offer participants’ account at Monday, 9 February
his CSDP or broker as per notes 8 and 9 below with last payment on See note 6 below
Comparable offer consideration credited to dematerialised comparable offer participants’ account Monday, 9 February
at his CSDP or broker as per notes 8 and 9 below with last payment on See note 6 below
Mandatory offer consideration posted to certificated mandatory offer participants (subject to
receipt by Synergy’s transfer secretaries of documents of title on or prior to 12:00 on Friday,
6 February and a duly completed form of acceptance surrender and transfer) as per note 6 below Monday, 9 February
with last payment on See note 6 below
Comparable offer consideration posted to certificated comparable offer participants (subject to
receipt by Synergy’s transfer secretaries of documents of title on or prior to 12:00 on Friday,
6 February date and a duly completed form of acceptance surrender and transfer) as per note 6 Monday, 9 February
below with last payment on See note 6 below
Results of mandatory offer and comparable offer to be published in the press Tuesday, 10 February
Notes:
1. Certificated Synergy B linked unitholders are required to complete and return the form of acceptance, surrender and transfer
attached to the circular in accordance with the instructions contained therein to be received by Synergy’s transfer secretaries
by no later than 12:00 on Friday, 6 February 2015.
2. Certificated Synergy A linked holders are required to complete and return the form of acceptance, surrender and transfer
attached to the circular in accordance with the instructions contained therein to be received by Synergy’s transfer secretaries
by no later than 12:00 on Friday, 6 February 2015.
3. No dematerialisation or rematerialisation of Synergy linked units will take place between Monday, 2 February 2015 and
Friday, 6 February 2015, both days inclusive.
4. Synergy linked unitholders should note that acceptance of the mandatory offer and/or the comparable offer is irrevocable.
5. The Synergy linked units that will be acquired from mandatory offer participants and/or comparable offer participants will be
acquired cum any distribution on the Synergy linked units in respect of which the record date for participation in such
distribution occurs on or after the opening date, which includes the interim distribution to Synergy linked unitholders for the
period 1 July 2014 to 31 December 2014.
6. The mandatory offer consideration and the comparable offer consideration will be settled by way of the allotment and issue
of the mandatory offer consideration units and/or comparable offer consideration units, as the case may be, within 6 business
days of acceptance of the mandatory offer and/or the comparable offer.
23 January 2015
JSE sponsor, corporate advisor and legal advisor NSX sponsor
Java Capital IJG Securities (Pty) Ltd
Date: 23/01/2015 10:52:00 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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