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RMB HOLDINGS LIMITED - Update on developments at Atterbury Property Holdings Limited

Release Date: 06/05/2021 17:08
Code(s): RMH     PDF:  
Wrap Text
Update on developments at Atterbury Property Holdings Limited

RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005115/06)
ISIN: ZAE000024501
JSE ordinary share code: RMH
(“RMH” or “the Company”)

UPDATE ON DEVELOPMENTS AT ATTERBURY PROPERTY HOLDINGS LIMITED

Shareholders are referred to the RMH interim results announcement published on SENS on
19 March 2021 wherein RMH shareholders were advised of a cautionary announcement published
by Attacq Limited (Attacq) on 15 February 2021 relating to a potential disposal of an investment
property (the Transaction). It was indicated that RMH, through its indirect investment of 27.5% in
Atterbury Property Holdings Limited (Atterbury), as a joint venture partner, would also benefit from
the Transaction. Attacq renewed the cautionary on 31 March 2021.

Shareholders are further advised that Attacq released an announcement containing details of the
Transaction and the withdrawal of cautionary on SENS earlier today. Attacq and Atterbury will be
disposing of their 50% interest in an undivided share in the leasehold rights together with the letting
enterprise conducted on the property, as a going concern, which includes the commercial lease by
Deloitte & Touche to the Public Investment Corporation SOC Limited for R1.7 billion.

The Transaction remains subject to the fulfilment of certain conditions precedent, as detailed in the
announcement.

The link to access the Transaction announcement is provided below for ease of reference:
http://www.profiledata.co.za/JSE_SENS_PDF/history/2021/05/06/SENS_20210506_S445761.pdf

The board of directors of RMH accepts responsibility for the information contained in this
announcement as it relates to the Company and confirms that, to the best of its knowledge and
belief, such information relating to RMH is true and that this announcement does not omit anything
likely to affect the importance of such information.

Sandton
6 May 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 06-05-2021 05:08:00
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