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No change statement, notice of annual general meeting and update regarding distributable earnings statement
HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
(Approved as a REIT by the JSE)
(“Hyprop” or “the company”)
NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND UPDATE REGARDING DISTRIBUTABLE EARNINGS STATEMENT
Shareholders are advised that Hyprop’s integrated report and the group audited annual financial statements for the financial
year ended 30 June 2016 are available with immediate effect, on the company’s website, www.hyprop.co.za and contain no
changes to the summarised audited consolidated results for the year ended 30 June 2016, released on SENS on
2 September 2016, save for the change to the amount of the antecedent dividend included in the distributable earnings
statement, referred to below. The unmodified auditors’ opinion is available for inspection at the company’s registered
office.
UPDATE REGARDING DISTRIBUTABLE EARNINGS STATEMENT
Subsequent to year-end, 5,2 million new Hyprop shares were issued at R135 per share. The issue of new shares after year-
end but prior to the record date for the final distribution resulted in an antecedent dividend amounting to R16,7 million. In
accordance with industry best practice, the antecedent dividend was added back in the calculation of distributable earnings
for the year.
In the distributable earnings statement included in the summarised audited consolidated results published on 2 September
2016, the antecedent dividend was reflected as R32,1 million. The correct figure is R16,7 million. The higher number was
calculated by applying the antecedent dividend per share to the full year dividend, while the more correct method for
calculating the antecedent dividend calculates the amount based on the final dividend only.
The antecedent dividend is a theoretical amount, determined and disclosed only in terms of industry best practice. The
above change therefore has no impact on the actual dividend paid for the year ended 30 June 2016 (either in total or per
share), or on earnings per share or headline earnings per share. The change also has no impact on the IFRS compliant group
or company annual financial statements.
NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the notice of the annual general meeting of the company was dispatched to shareholders
today, 31 October 2016.
The company’s annual general meeting will be held at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock
Avenue, Rosebank, at 10:00 on Thursday, 1 December 2016.
The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday,
22 November 2016 and the record date for voting purposes is Friday, 25 November 2016.
31 October 2016
Sponsor
Java Capital
Date: 31/10/2016 01:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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