FORTRESS INCOME FUND LIMITED - Capital Property Fund Ltd/Fortress Income Fund Ltd - Update in respect of the Fortress scheme

Release Date: 07/10/2015 16:28
Code(s): FFA FFB CPF
 
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CAPITAL PROPERTY FUND LIMITED FORTRESS INCOME FUND LIMITED (previously Friedshelf 1497 Proprietary Limited) (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) (Registration number 2009/016487/06) (Registration number 2013/226575/06) JSE share codes: FFA ISIN: ZAE000192787 JSE share code: CPF ISIN: ZAE000186821 FFB ISIN: ZAE000192795 (Approved as a REIT by the JSE) (Approved as a REIT by the JSE) (?Capital?) (?Fortress?) UPDATE IN RESPECT OF THE FORTRESS SCHEME
Capital and Fortress shareholders are referred to the joint announcements released on SENS on Thursday, 16 July 2015, Wednesday, 19 August 2015 and Monday, 28 September 2015 regarding, inter alia, the offer by Fortress to acquire all of the issued shares in Capital that Fortress does not already own in exchange for Fortress A shares and Fortress B shares, by scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 between Capital and all of its shareholders (the ?Fortress scheme?).
Capital and Fortress are pleased to announce that the merger between Capital and Fortress, pursuant to the Fortress scheme, has been unconditionally approved by the Competition Tribunal. Accordingly, the condition precedent relating to obtaining approval from the Competition Authorities has been fulfilled. 7 October 2015 Corporate advisor and sponsor Java Capital Competition law advisors and legal advisors Cliffe Dekker Hofmeyr
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