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HOSPITALITY PROPERTY FUND LIMITED - TRP Waiver Proceedings

Release Date: 14/04/2016 17:00
Code(s): HPB HPA     PDF:  
Wrap Text
TRP Waiver Proceedings

HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
JSE share code: HPA     ISIN: ZAE000203022
JSE share code: HPB     ISIN: ZAE000203030
(Approved as a REIT by the JSE)
(“Hospitality” or “the company”)


TRP WAIVER PROCEEDINGS


Shareholders are referred to the announcement released on SENS on 13 April 2016 advising them that Hospitality had informed the
Takeover Regulation Panel (“TRP”) that the waiver resolution had been passed in terms of Regulation 86(4) of the Companies Act,
71 of 2012 (the “Companies Act”) and had accordingly requested an exemption from the obligation of Tsogo Sun Holdings Limited
and/or Southern Sun Hotels Proprietary Limited (the “mandatory offerors”) to make a mandatory offer, as set out in the circular to
Hospitality shareholders dated 8 March 2016.

Unless otherwise defined, words defined in such announcement bear the same meaning in this announcement.

Having considered Hospitality’s application for exemption, the TRP has made a ruling that the mandatory offerors be exempted from
the obligation to make a mandatory offer (the “ruling”), as required in terms of the Companies Act. The reasons for the ruling are
available to any shareholder of the company upon receipt by the TRP of a request therefor. Any such request must be made in writing
and addressed to “the Executive Director, Takeover Regulation Panel” at any of the addresses indicated below.

In addition, any shareholder may request the Takeover Special Committee to review the ruling within five business days of this
announcement (i.e. until 17h00 on 21 April 2016). Any such application must be made in writing and addressed to “the Executive
Director, Takeover Regulation Panel” at any of the following addresses:

If delivered by hand or courier:            If posted:                                   If faxed:
The Executive Director                      The Executive Director                       The Executive Director
Takeover Regulation Panel                   Takeover Regulation Panel                    Takeover Regulation Panel
1st Floor, Building B                       PO Box 91833                                 +27 11 642 9284
Sunnyside Office Park                       Auckland Park
32 Princes of Wales Terrace                 2006
Parktown
2193

After the expiry of the aforementioned five business day period, and providing that no shareholder requests a review of the ruling, the
TRP waiver proceedings shall be regarded as completed.

14 April 2016


Corporate advisor and transaction sponsor to Hospitality              
Java Capital

Investment bank and transaction sponsor to Tsogo
Investec Securities Bank

Corporate law and tax advisors to Hospitaty                              
ENS Africa

Corporate law advisor to Tsogo
TABACKS
Date: 14/04/2016 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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