SPEAR REIT LIMITED - Successful Closing Of Mega Park Transaction

Successful Closing Of Mega Park Transaction

SPEAR REIT LIMITED
(previously Arrow 2 Investments Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
(Share Code: SEA, ISIN ZAE000228995)
Approved as a REIT by the JSE
(“Spear” or “the Company”)

SUCCESSFUL CLOSING OF MEGA PARK TRANSACTION

Shareholders are referred to the Company’s announcement released on
SENS on 31 March 2017(“Announcement”), relating to the acquisition
of Mega Park (“Transaction).

The Company is pleased to announce that all conditions precedent in
relation to the Transaction have been fulfilled and the Transaction
successfully closed today.

The purchase consideration in respect of the Transaction has been
settled through the assumption of liabilities and through the issue
of 15,675,740 new ordinary shares of no par value (“Consideration
Shares”).

Following the issue of the Consideration Shares today, Spear now
have a total of 162,515,859 shares in issue of which 189,557 are
treasury shares.

31 July 2017
Cape Town

PSG Capital
Sponsor

Date: 31/07/2017 09:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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