REBOSIS PROPERTY FUND LIMITED - FULFILLMENT OF ALL CONDITIONS PRECEDENT: CATEGORY 2 TRANSACTION RELATING TO DISPOSAL OF PORTFOLIO OF PROPERTIES

Release Date: 23/08/2018 16:00
Code(s): REB REA
 
Wrap Text
FULFILLMENT OF ALL CONDITIONS PRECEDENT: CATEGORY 2 TRANSACTION RELATING TO DISPOSAL OF PORTFOLIO OF PROPERTIES

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)
(“Rebosis” or ”the Company”)


FULFILLMENT OF ALL CONDITIONS PRECEDENT: CATEGORY 2 TRANSACTION RELATING TO DISPOSAL
OF PORTFOLIO OF PROPERTIES TO BOXWOOD PROPERTY INVESTMENT FUND


Rebosis shareholders (“Shareholders”) are referred to the announcement published on 15 May 2018
and the update thereon published on 18 June 2018, regarding the disposal by Ascension Properties
Limited, a direct subsidiary of the Company, of the properties known as 14 Long Street, 45 on 
Castle, Bergstan Building, Matrix Building, Nedbank Building and Rebosis House (the “Properties”),
for an aggregate consideration of R888 000 000 (inclusive of VAT at zero percent) to Boxwood 
Property Investment Fund.

Shareholders are hereby advised that all conditions precedent have been fulfilled. Lodgement is
anticipated to take place shortly to enable the transfer of the Properties.

Johannesburg
23 August 2018

Sponsor
Nedbank Corporate and Investment Banking

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