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HOSPITALITY PROPERTY FUND LIMITED - Acquisition of Casino Precincts: Posting of circular, revised listing particulars and notice of general meeting

Release Date: 21/09/2018 11:14
Code(s): HPB HPF11 HPF08 HPF09 HPF06     PDF:  
Wrap Text
Acquisition of Casino Precincts: Posting of circular, revised listing particulars and notice of general meeting

HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
JSE share code: HPB   ISIN: ZAE000214656
Company code: HPAI
(Approved as a REIT by the JSE)
("Hospitality" or "the company")


ACQUISITION OF CASINO PRECINCTS: POSTING OF CIRCULAR, REVISED LISTING PARTICULARS AND NOTICE OF GENERAL MEETING


Further to the announcement released on SENS on 7 September 2018, Hospitality shareholders are advised that the company will,
on Friday, 21 September 2018, post the following documents to shareholders:

 -     a circular relating to the acquisition by Hospitality through its wholly owned subsidiary, Merway, of the entire issued 
       share capital of Cassava Investments Proprietary Limited and Listed Investments Proprietary Limited from Tsogo Sun Holdings
       Limited, which companies own seven mixed use casino precincts, for an aggregate purchase consideration of R23 billion (the
       "transaction") which includes, inter alia:

       -    details and financial effects of the transaction;
       -    notice of a general meeting of shareholders; and
       -    Hospitality's revised listings particulars. 

The circular (including notice of the general meeting of shareholders, detailed below) and the revised listings particulars are
available in electronic format on the company's website at http://www.hpf.co.za/investors/regulatory-documents. 
A general meeting of shareholders will be held at 14:00 on Tuesday, 23 October 2018 at Palazzo Towers East, Ground Floor,
Montecasino Boulevard, Fourways, South Africa, for the purposes of considering and, if deemed fit, passing, with or without
modification, the resolutions necessary to approve and implement the transaction (the "general meeting")

SALIENT DATES AND TIMES

The salient dates and times relating to the transaction are as set out below.
                                                                                                                          2018
 Record date to receive the circular, incorporating the notice of general meeting and the revised
 listing particulars                                                                                       Friday, 14 September
 Circular, incorporating the notice of general meeting and the revised listing particulars posted          Friday, 21 September
 Announcement relating to the issue of the circular, incorporating the notice of general meeting
 and the revised listing particulars released on SENS                                                      Friday, 21 September
 Announcement relating to the issue of the circular, incorporating the notice of general meeting
 and the revised listing particulars published in the press                                               Tuesday, 25 September
 Last day to trade in order to be eligible to participate in and vote at the general meeting                 Tuesday, 9 October
 Record date in order to vote at the general meeting                                                         Friday, 12 October
 Last day to lodge forms of proxy for the general meeting with the transfer secretaries, by no
 later than 14:00. Forms of proxy not lodged with the transfer secretaries in time may be
 handed to the chairman of the general meeting immediately before the commencement
 thereof.                                                                                                    Friday, 19 October
 The general meeting of Hospitality shareholders at 14:00                                                   Tuesday, 23 October
 Results of the general meeting released on SENS                                                            Tuesday, 23 October
 Results of the general meeting published in the press                                                    Wednesday, 24 October

                                                                                                                           2019
 Declaration announcement in respect of the clean-out dividend released on SENS                            Thursday, 31 January
 Finalisation announcement in respect of the clean-out dividend released on SENS                            Friday, 15 February
 Last day to trade on the JSE in order to be eligible for the clean-out dividend                           Tuesday, 26 February
 Shares commence trading ex the clean-out dividend on the JSE                                            Wednesday, 27 February
 Conditions precedent expected to be fulfilled by                                                               Friday, 1 March
 Clean-out dividend record date                                                                                 Friday, 1 March
 Finalisation announcement in respect of the transaction released on SENS                                       Friday, 1 March
 Clean-out dividend payment date                                                                                Monday, 4 March
 Transaction implementation                                                                                     Friday, 8 March

Notes:

1.       All dates and times in this circular are local dates and times in South Africa and are subject to change. Any changes will be
         released on SENS and published in the press.
2.       Hospitality shareholders are referred to page 2 of the circular for information on the action required to be taken by them.
3.       Shares may not be dematerialised or rematerialised between Wednesday, 27 February 2019 and Friday, 1 March 2019, both
         days inclusive.
4.       The above dates and times are subject to change. Any changes will be released on SENS.


21 September 2018


Corporate advisor and sponsor to Hospitality
Java Capital 

Date: 21/09/2018 11:14:00 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.

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