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Finalisation announcement
Emira Property Fund
A property fund created under the Emira Property Scheme,
registered in terms of the Collective Investment Schemes Control Act 45 of 2002
(Approved as a REIT by the JSE)
Share code: EMI
ISIN: ZAE00050712
(“Emira”)
Managed by Strategic Real Estate Managers Proprietary Limited
(Registration number 1997/020911/07)
(“STREM”)
Emira Property Fund Limited
(Registration number 2014/130842/06)
(Formerly Emira Property Fund)
(Previously Friedshelf 1556 Proprietary Limited)
Share code: EMI
ISIN: ZAE000203063
(“New Emira”)
FINALISATION ANNOUNCEMENT
Emira participatory interest (“PI”) holders are referred to the announcements released on the
Stock Exchange News Service (“SENS”) on 8 April 2015 and on 8 May 2015 regarding the
establishment of Emira as an internally managed corporate Real Estate Investment Trust
(“REIT”) (“the Transaction”). The Transaction will be implemented in accordance with the
amalgamation agreement concluded between Emira, New Emira and STREM
(“Amalgamation Agreement”) on or about 19 March 2015.
Emira PI holders are hereby advised that all conditions precedent to the Transaction have
been fulfilled and, accordingly, the Transaction is now unconditional. The Transaction will be
implemented with effect from Wednesday, 1 July 2015.
Pursuant to the Amalgamation Agreement, all of Emira’s assets will be transferred to New
Emira. The consideration for the transfer of Emira’s assets will be settled by New Emira
assuming all of Emira’s liabilities and issuing shares in New Emira to Emira, which shares will
be distributed by Emira to Emira PI holders in the ratio of one New Emira share for every one
Emira PI held on the record date of Friday, 10 July 2015.
The last day to purchase Emira PIs in order to be eligible to receive New Emira shares is
Friday, 3 July 2015.
The ordinary shares in New Emira will be listed in the "Diversified REITs" sector of the JSE
list, under the abbreviated name “EMIRA”, share code “EMI” and ISIN ZAE000203063, with
effect from the commencement of trade on Monday, 6 July 2015.
The listing of Emira on the Main Board of the JSE will be terminated with effect from Monday,
13 July 2015 and the process to have Emira liquidated and deregistered will commence
thereafter.
The salient dates and times for the implementation of the transaction remain as previously
announced on SENS on 8 April 2015.
Bryanston
26 June 2015
Corporate advisor and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Legal and tax advisor
Edward Nathan Sonnenbergs Inc.
Competition advisor
DLA Cliffe Dekker Hofmeyr Inc.
Date: 26/06/2015 08:26:00 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.
