DIPULA INCOME FUND LIMITED - Dealings in securities by associates of a director of the company

Release Date: 05/06/2018 17:40
Code(s): DIA DIB
Wrap Text
Dealings in securities by associates of a director of the company

(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIA  ISIN: ZAE000203378
JSE share code: DIB  ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula” or the “company”)


On 30 May 2018, the Dipula BEE Trust (“the Trust”) transferred 5 000 A ordinary shares and 58 017 520 B ordinary
shares to a wholly-owned subsidiary of the Trust named Dipula BEE Trust Holdings Proprietary Limited, at a price of
R10.13 per A ordinary share and R9.99 per B ordinary share (for a total value of R579 645 674.80). The Trust is an
associate of Izak Petersen, who is a trustee of the Trust and who has a 38% beneficial interest in Mergence Africa
Properties Proprietary Limited, a beneficiary of the Trust. The transaction was conducted off-market and resulted in
no change to Izak’s indirect beneficial interest in Dipula shares.

On 31 May 2018, Business Venture Investments No 2061 Proprietary Limited (the “Co”) acquired a 33.33% interest
in the Trust (corresponding to 1 667 A ordinary shares and 19 339 173 B ordinary shares) for a nominal value, noting
that the acquisition was ex-distribution and after gearing in the Trust. BVI is an associate of Izak, in that he is a
beneficiary of The Desmond Trust, which will hold an 85% interest in the Co. The transaction was conducted off-

5 June 2018

Java Capital

Date: 05/06/2018 05:40:00 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.

Email this JSE Sens Item to a Friend.

Share This Story