ASCENSION PROPERTIES LIMITED - Supplement to the finalisation announcement of 23 July 2015 and cautionary announcement

Release Date: 06/08/2015 17:03
Code(s): AIB AIA
 
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Supplement to the finalisation announcement of 23 July 2015 and cautionary announcement

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code: AIA    ISIN: ZAE000204566
JSE share code: AIB    ISIN: ZAE000204574
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)


SUPPLEMENT TO THE FINALISATION ANNOUNCEMENT OF 23 JULY 2015 AND CAUTIONARY ANNOUNCEMENT


The company is currently in discussions with the JSE regarding the continued listing of the Ascension A shares
and the Ascension B shares in the Diversified REITs sector of the JSE.

Pursuant to the implementation of the B scheme, as defined in the joint finalisation announcement released over
SENS on 23 July 2015 by Rebosis Property Fund Limited and the company, the listing of the Ascension B shares
will be terminated from the commencement of trade on Monday, 17 August 2015. Accordingly, the reference in
that announcement to the “temporary suspension” of trading of Ascension B shares on Friday, 7 August 2015 is
hereby corrected to the “suspension” of trading of Ascension B shares on Friday, 7 August 2015, as such
suspension is not temporary.

Shareholders are advised that, subject to the approval of the JSE: –

-     in due course the Ascension B shares may be relisted in the Diversified REITs sector of the JSE, subject to
      the achievement of sufficient shareholder spread in the Ascension B shares; alternatively

-     the listing of the Ascension A shares may be moved from the Diversified REITs sector of the Main Board
      to the interest rate market with the result that the company will no longer be governed in accordance with,
      inter alia, sections 5, 9 and 10 of the JSE Listings Requirements.

Accordingly, Ascension A shareholders are advised to exercise caution when dealing in the company’s securities
until a full announcement in this regard is made.

6 August 2015


Sponsor
Java Capital

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