SPEAR REIT LIMITED - Successful Closing of 1 Waterhouse Century City Acquisition

Release Date: 26/07/2018 16:00
Code(s): SEA
 
Wrap Text
Successful Closing of 1 Waterhouse Century City Acquisition

SPEAR REIT 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 1 WATERHOUSE CENTURY CITY ACQUISITION


Shareholders are referred to the Company’s announcement released on SENS on
11 June 2018, in which it was communicated to shareholders that the Company entered into
a sale of shares agreement with High Mast Properties 30 Proprietary Limited (“Seller”),
Webram Four Proprietary Limited (“Webram”) and Adam Lee Morze in terms of which the
Company will acquire from the Seller 100 ordinary shares in the issued share capital of
Webram constituting 100% of the entire issued share capital of Webram, the sole owner of (i)
erf 5248 Montague Gardens, measuring 5 900 square metres and held under deed of transfer
T49977/2001 and (ii) erf 5254 Montague Gardens, measuring 7 136 square metres and held
under deed of transfer T449977/2001, and all improvements thereon, situated at
1 Waterhouse, Century City (“Acquisition”).

The Company is pleased to announce that the conditions precedent to the Acquisition have
been fulfilled. Accordingly, the Acquisition will be effective as from today.

Cape Town
26 July 2018

Sponsor
PSG Capital

Date: 26/07/2018 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story