ASCENSION PROPERTIES LIMITED - Ascension /Rebosis - Finalisation announcement regarding the scheme of arrangement in respect of Ascension A shares

Release Date: 06/04/2017 10:00
Code(s): AIA REB
Wrap Text
Ascension /Rebosis - Finalisation announcement regarding the scheme of arrangement in respect of Ascension A shares

Ascension Properties Limited                                 Rebosis Property Fund Limited
(Registration number 2006/026141/06)                         (Registration number 2010/003468/06)
JSE share code: AIA ISIN: ZAE000204566                       JSE share code: REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)                              (Approved as a REIT by the JSE)
(“Ascension” or “the company”)                               (“Rebosis”)


Ascension A shareholders are referred to the announcements released on SENS on 27 October 2016, 14 February 2017 and
16 March 2017 regarding the firm intention of Rebosis to make an offer to acquire all of the Ascension A shares in exchange for
19.34236 Rebosis A ordinary shares for every 100 Ascension A shares held, by scheme of arrangement in terms of section 114 of
the Companies Act, 71 of 2008, between Ascension and its A shareholders (the “A share scheme”).

The directors of Ascension and Rebosis are pleased to announce that all outstanding conditions precedent to the A share scheme
have now been fulfilled and the implementation of the A share scheme will proceed in accordance with the salient dates and times
previously announced on SENS on 14 February 2017.

6 April 2017

Corporate advisor and sponsor to Rebosis and Ascension
Java Capital

Legal advisor to Ascension and Rebosis
Cliffe Dekker Hofmeyr Inc

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