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INDLUPLACE PROPERTIES LIMITED - Potential acquisition by Indluplace

Release Date: 25/06/2015 11:15
Code(s): ILU     PDF:  
Wrap Text
Potential acquisition by Indluplace

Indluplace Properties Limited
(previously Arrowhead Residential Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2013/226082/06)
(JSE share code: ILU)
(ISIN: ZAE000201125)
(“Indluplace” or “the company”)


POTENTIAL ACQUISITION BY INDLUPLACE


Indluplace shareholders are referred to the Arrowhead Properties Limited (“Arrowhead”) announcement
published on SENS on 5 June 2015 wherein Arrowhead linked unitholders were advised that Arrowhead had
concluded an agreement with Connaught Properties Proprietary Limited (“Connaught”), in terms of which
Connaught had agreed to sell a R420 million residential property portfolio to either Indluplace or, if
Indluplace does not agree to become bound as purchaser under the agreement by 30 June 2015, to
Arrowhead.

Indluplace shareholders are advised that Indluplace is currently assessing whether or not to be bound as
purchaser in terms of the agreement.

A further announcement will be made in due course.

25 June 2015


Sponsor

Java Capital

Date: 25/06/2015 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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