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REBOSIS PROPERTY FUND LIMITED - Availability of results presentation,updated distributable income and dividend guidance,withdrawal from transactions

Release Date: 14/05/2019 14:55
Code(s): REB REA REBC09     PDF:  
 
Wrap Text
Availability of results presentation,updated distributable income and dividend guidance,withdrawal from transactions

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share code: REA
ISIN: ZAE000240552
JSE share code: REB
ISIN: ZAE000201687
JSE alpha code: REBI
(Approved as a REIT by the JSE)
(“Rebosis” or the “Company”)

AVAILABILITY OF RESULTS PRESENTATION AND UPDATED DISTRIBUTABLE INCOME AND DIVIDEND
GUIDANCE
WITHDRAWAL FROM PREVIOUSLY ANNOUNCED TRANSACTIONS

Shareholders are referred to the unaudited results for the six months ended 28 February 2019
released on SENS today and are advised that the full results presentation (“Results Presentation”) is
available     on      the     Company’s        website         at      http://www.rebosis.co.za/wp-
content/uploads/2019/05/REBOSIS-Interim-Results-28-Feb-2019-FINAL-Web.pdf.

The Results Presentation contains updated earnings guidance for the years ending 31 August 2019
and 2020, as well as earnings guidance for the year ending 31 August 2021. This guidance has been
prepared for illustrative purposes only, is the responsibility of the directors of Rebosis and has not
been reviewed or reported on by the Company’s auditors.

In addition, shareholders are advised that the following disposals of properties, which were
announced on SENS on 3 December 2018, have been withdrawn and Rebosis will not be proceeding
with them as, when considered with the vendor loans, they would have been dilutive to earnings:

•   Erf 1264, Marshalls Town, Johannesburg and Erf 1183, Marshalls Town, Johannesburg to Aventro
    Properties Proprietary Limited;
•   Erf 5327, Johannesburg, Erven 676 and 4677, Johannesburg and Erf 1236 Marshalls Town,
    Johannesburg to Lunar Stone Trading Proprietary Limited; and
•   Erf 1271, Erf 191 and Portions 2, 4, 5 and the remaining extent of Erf 1021 Marshalls Town,
    Johannesburg and Erf 2950, Pretoria to Endless Fortune Proprietary Limited.

Sandton
14 May 2019

Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 14/05/2019 02:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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