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DELTA PROPERTY FUND LIMITED - Withdrawal of cautionary announcement

Release Date: 07/08/2018 13:20
Code(s): DLT     PDF:  
Wrap Text
Withdrawal of cautionary announcement

(Incorporated in the Republic of South Africa)
(Registration number: 2002/005129/06)
Share code: DLT
ISIN: ZAE000194049
(Approved as a REIT by the JSE)
(“Delta” or “the Company”)


Shareholders are referred to the Company’s SENS announcement dated 3 July 2017
(“Proposed Transaction Announcement”) regarding the proposed subscription by a
broad-based black economic empowerment consortium (“Consortium”) for shares
representing, following their issue, approximately 42.2% of the Company’s issued share
capital (“Proposed Transaction”), as well as to Delta’s subsequent renewal of cautionary
announcements, the latest of which was released on SENS on 4 July 2018.

As indicated in the Proposed Transaction Announcement, the Consortium intends to finance
the Proposed Transaction and related costs with loan funding from institutional funders
(“Lenders”). The Consortium notified Delta that it requires further time to negotiate with its
institutional funders.

Given the aforementioned, the board of directors does not, at this time, consider it necessary
for shareholders to continue to exercise caution when dealing in securities of the Company.

Accordingly, the Company hereby withdraws the existing cautionary announcement and
advises that caution is therefore no longer required to be exercised by shareholders when
dealing in the Company’s securities.

The Company will closely monitor any progress in connection with the Proposed Transaction
and will release a new cautionary announcement should it in future again become necessary
for shareholders to exercise caution when dealing in the Company’s securities.

7 August 2018

Transaction Advisors to the Consortium
PSG Capital

Nedbank Corporate and Investment Banking

Date: 07/08/2018 01:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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