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EMIRA PROPERTY FUND LIMITED - Expression of interest received and cautionary announcement

Release Date: 25/07/2016 09:16
Code(s): EMI     PDF:  
Wrap Text
Expression of interest received and cautionary announcement

EMIRA PROPERTY FUND LIMITED  
(Incorporated in the Republic of South Africa) 
Registration number 2014/130842/06 
Share code: EMI ISIN: ZAE000203063 
(“Emira”) 
(Approved as a REIT by the JSE) 
 
 
EXPRESSION OF INTEREST RECEIVED AND CAUTIONARY ANNOUNCEMENT 
 
 
Shareholders are referred to the announcement released by Arrowhead Properties Limited 
(“Arrowhead”) on the Stock Exchange News Service this morning. As detailed in the announcement, 
Emira has received a non-binding, conditional expression of interest from Arrowhead to acquire all 
or the majority of the issued share capital of Emira (“Expression of Interest”). 
 
The board of directors of Emira has not had any discussion with Arrowhead relating to the terms and 
conditions of the Expression of Interest, and has not had an opportunity to formally consider its 
contents.  
 
Accordingly, and notwithstanding that the Expression of Interest does not constitute a firm intention 
to make an offer as contemplated in the Companies Regulations, 2011 to the Companies Act 71 of 
2008, and it is possible that no offer may result from the Expression of Interest, shareholders are 
advised to exercise caution when dealing in Emira securities, until a further announcement is made.  
 
 
Bryanston 
25 July 2016 
 
Financial Advisor 
MACQUARIE CAPITAL 
 
Legal Adviser 
ALLEN & OVERY 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 

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