SPEAR REIT LIMITED - Successful Closing Of 142 Bree Street Disposal

Release Date: 19/07/2018 12:15
Code(s): SEA
Wrap Text
Successful Closing Of 142 Bree Street Disposal

(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
Approved as a REIT by the JSE
(“Spear” or “the Company”)


Shareholders are referred to the Company’s announcement released on SENS on
13 March 2018, in which it was communicated to shareholders that the Company, through its
wholly-owned subsidiary, Spear Holdco Proprietary Limited (“Seller”), concluded a sale
agreement with Arctigen Proprietary Limited (“Purchaser”) in terms of which the Purchaser
will acquire the vacant property situated on Erf 142181, Cape Town, more commonly known
as 142 Bree Street (“Property”) from the Seller (“Disposal”).

The Company is pleased to announce that the condition precedent to the Disposal has been
fulfilled and that registration of the transfer of the Property into the name of the Purchaser
occurred today, 19 July 2018. Accordingly, the Disposal will be effective as from today.

Cape Town
19 July 2018

PSG Capital

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