EXEMPLAR REITAIL LIMITED - Change in nature of associates holdings of the companys securities

Release Date: 06/08/2018 09:51
Code(s): EXP
 
Wrap Text
Change in nature of associate’s holdings of the company’s securities

Exemplar REITail Limited
(Formerly McCormick REITail Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2018/022591/06)
Approved as a REIT by the JSE
JSE share code: EXP
ISIN: ZAE000257549
("Exemplar" or "the company")

CHANGE IN NATURE OF ASSOCIATE'S HOLDINGS OF THE COMPANY'S SECURITIES

Shareholders are advised that, on 3 August 2018, The John McCormick Family Trust ("JMFT") agreed to dispose of
138 409 503 Exemplar ordinary shares to McCormick Property Development Proprietary Limited ("MPD") at a price
of R10.55 per share for a total transaction value of R1 460 220 256.65; and Chris Hani Crossing Proprietary Limited
("Chris Hani Crossing") agreed to dispose of 46 164 625 Exemplar ordinary shares to MPD at a price of R10.55 per
share for a total transaction value of R487 036 793.75. As a result of the above-mentioned disposals, MPD acquired
184 574 128 Exemplar ordinary shares at a price of R10.55 per share for a total transaction value of
R1 947 257 050.40.

JMFT is an associate of John McCormick and Jason McCormick as John McCormick is a trustee and beneficiary of
JMFT and Jason McCormick is a beneficiary of JMFT. Chris Hani Crossing is an associate of John McCormick and
Jason McCormick as John McCormick and Jason McCormick are directors of Chris Hani Crossing which is a wholly-
owned subsidiary of JMFT. MPD is an associate of John McCormick as he is a director of MPD and MPD is a
wholly-owned subsidiary of JMFT. Accordingly, following the transactions, there is no change in the indirect
beneficial interests of either John McCormick or Jason McCormick in the Exemplar ordinary shares.

These transactions were conducted off-market and clearance to deal was obtained.

6 August 2018

Sponsor
Java Capital

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