PUTPROP LIMITED - Completion of Payment Plan by Putprop's Major Tenant

Completion of Payment Plan by Putprop's Major Tenant

PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Group”)


COMPLETION OF PAYMENT PLAN BY PUTPROP’S MAJOR TENANT


Further to the announcement released on SENS on 29 January 2015, wherein it was stated that
Larimar Limited (“Larimar”), the major contributor of the Group’s contractual rental income, had
exceeded the credit terms provided for in their lease agreements, that their rentals were in arrears,
and that a payment plan had been agreed to ensure that all arrears and current rentals effective from
1 February 2015 be brought back into line with their lease agreements by no later than the end of
April 2015, shareholders are advised that with effect from 3 April 2015 Larimar has completed the
payment plan as provided and is now fully up to date with all rentals owing.

Future rentals due are expected to be in line with the credit terms as provided for in their lease
agreements.


Johannesburg
8 April 2015

Sponsor
Merchantec Capital

Date: 08/04/2015 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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