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INDLUPLACE PROPERTIES LIMITED - Dispensation received on 60 day rule to dispatch circular

Release Date: 18/08/2017 08:40
Code(s): ILU     PDF:  
Wrap Text
Dispensation received on 60 day rule to dispatch circular

INDLUPLACE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/226082/06)
JSE share code: ILU ISIN: ZAE000201125
(Approved as a REIT by the JSE)
(“Indluplace” or “the company”)


DISPENSATION RECEIVED ON 60 DAY RULE TO DISPATCH CIRCULAR


Shareholders are referred to the announcement released on SENS on 20 June 2017 in which they were
advised that Indluplace and its wholly-owned subsidiary, Friedshelf 1781 Proprietary Limited, had
concluded agreements with multiple vendors, to in effect acquire, through a variety of transaction
mechanisms, three residential property portfolios comprising approximately 2 900 residential units, for an
effective transaction consideration of approximately R1.4 billion (the “transaction”).

Shareholders are advised that the company has received dispensation from paragraph 9.20(b) of the JSE
Listings Requirements which requires the company to dispatch a circular to its shareholders containing a
notice of general meeting to obtain their approval for the transaction within 60 days. The necessary circular
is in the process of being approved by the JSE and will be posted to shareholders in due course.

18 August 2017


Corporate advisor and sponsor to Indluplace
Java Capital

Date: 18/08/2017 08:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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