VIVIDEND INCOME FUND LIMITED - Joint Finalisation Announcement in Respect of the Schemes

Joint Finalisation Announcement in Respect of the Schemes

VIVIDEND INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2010/003232/06)
JSE share code: VIF
ISIN: ZAE000150918
(Approved as a REIT by the JSE)
(“Vividend” or “the Company”)

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000158101
JSE share code: AWB ISIN: ZAE000158119
(Approved as a REIT by the JSE)

JOINT FINALISATION ANNOUNCEMENT IN RESPECT OF THE SCHEMES

1. INTRODUCTION

  Linked unitholders of Vividend (“Linked Unitholders”) are
  referred to:

  a)   the announcement released on SENS on 2 July 2014
       relating to the approval by Linked Unitholders of the
       indivisibly linked schemes of arrangement (the
       "Schemes") in terms of section 114 of the Companies
       Act 71 of 2008, as amended, proposed by the
       independent board of directors of Vividend between
       Vividend and the Linked Unitholders; and

  b)   the announcement released on SENS on 4 July 2014
       relating to the salient dates of the special
       distribution to Linked Unitholders of 4.04 cents per
       linked unit for the period 1 March 2014 to 31 March
       2014 (“Special Distribution”)(“Special Distribution
       Announcement”).

  Notice is hereby given that the Schemes have become
  unconditional.

2. SALIENT DATES RELATING TO THE SCHEMES

  As detailed in the circular posted to Linked Unitholders
  dated 2 June 2014 (“Circular”), the salient dates
  relating to the final implementation of the Schemes are
  as follows:

                                           2014

 Scheme LDT on                            Friday, 25 July
 
 Suspension of listing of Vividend        Monday, 28 July
 Linked Units at the commencement of
 trade on the JSE on

 Trading in the Scheme Linked Unit        Monday, 28 July
 Consideration of Arrowhead commences

 Scheme Consideration Record Date to      Friday, 1 August
 be recorded in the Register in order
 to receive the Scheme Consideration
 on

 Operative Date of the                    Monday, 4 August
 Schemes on

 Settlement of the Scheme Consideration   Monday, 4 August
 to take place on

 Termination of listing of                Tuesday, 5 August
 Vividend Linked Units on the JSE at
 the commencement of trade on

 Notes:

 1.   Capitalised terms bear the meanings ascribed thereto
      in the Circular.

 2.   No dematerialisation or re-materialisation of
      Vividend linked units may take place from the
      business day following the Scheme LDT.

3. SALIENT DATES AND TIMES RELATING TO THE SPECIAL
   DISTRIBUTION

   As detailed in the Special Distribution Announcement, the
   Special Distribution was conditional upon the Schemes
   becoming unconditional and, accordingly, the Special
   Distribution is now unconditional.

   The salient dates relating to the Special Distribution as
   set out in the Special Distribution Announcement are
   repeated below:

   The Special Distribution will be payable to Linked
   Unitholders recorded in the register of the Company on
   Friday, 25 July 2014. The last day to trade cum
   distribution will be Friday, 18 July 2014 and trading
   will commence ex distribution on Monday, 21 July 2014.

   In respect of dematerialised Linked Unitholders, the
   distribution will be transferred to the Central
   Securities Depository Participant (CSDP) accounts or
   brokers' accounts on Monday, 28 July 2014. Certificated
   Linked Unitholder distribution payments will be posted on
   or about Monday, 28 July 2014.

   No dematerialisation or rematerialisation of linked units
   may take place between Monday, 21 July 2014, and Friday,
   25 July 2014, both days inclusive.

Cape Town
16 July 2014

Transaction Advisor and Sponsor to Vividend
PSG Capital

Legal Advisor to Vividend
Fluxmans Inc.

Corporate Advisor and Sponsor to Arrowhead
Java Capital

Legal Advisor to Arrowhead
DLA Cliffe Dekker Hofmeyr Inc.

Independent Reporting Accountants to Vividend and Arrowhead
Grant Thornton

Competition Law Advisor to Arrowhead
Van Chetty Competition Law

Date: 16/07/2014 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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