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BONATLA PROPERTY HOLDINGS LIMITED - Renewal of Cautionary Announcement and New Cautionary Announcement

Release Date: 04/11/2016 11:25
Code(s): BNT     PDF:  
Wrap Text
Renewal of Cautionary Announcement and New Cautionary Announcement

BONATLA PROPERTY HOLDINGS LIMITED
(Registration number 1996/014533/06)
Share code: BNT ISIN: ZAE000013694
(”Bonatla” or “the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT AND NEW CAUTIONARY ANNOUNCEMENT


1. Introduction

  Shareholders are referred to the previous cautionary announcements, the last of
  which was dated 23 September 2016, and are advised that certain negotiations
  referred to therein are still in progress or financial information is required to be
  announced.

  The JSE requires that the Company needs to address its current compliance with
  paragraph 4.28 of the JSE Listings Requirements. Due to on-going negotiations this
  assessment has still not been finalised but will be provided to the JSE in due
  course. In the interim, the Company has commenced with the preparation of the
  circular to shareholders which will include details of all previously announced
  transactions and new transactions, which will address compliance with
  paragraph 4.28 of the JSE Listings Requirements.

2. Financial information still to be announced

  - Share-swap agreement for Kimberley Diamond and Jewellery Hub announced
    on 22 September 2014; and
  - Share-swap agreement for Lincoln Meade Park announced on 22 September
    2014.

3. On-going discussions and negotiations

   - Acquisition of a portion of Ruitersvlei;
   - A potential joint venture transaction with CPTech Proprietary Limited in
     Southern Africa and Mozambique;
   - Negotiations for the acquisition of rental properties in Belize and Mozambique; and
   - Negotiations on various other income-producing property portfolios.

4. Renewal of Cautionary Announcement

   Shareholders are advised to continue exercising caution in dealing in the
   Company’s securities until an announcement is made detailing the financial
   information on the above transactions and until further announcements are
   made regarding the on-going discussions and/or negotiations detailed above.

5. New Cautionary Announcement

   Shareholders are also advised that the Company is in discussions with a potential
   funder and/or investor in the Company and accordingly shareholders are
   advised to exercise caution in dealing with the Company’s securities.


By order of the board
4 November 2016

SPONSOR
Arbor Capital Sponsors Proprietary Limited

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