To view the PDF file, sign up for a MySharenet subscription.

ATTACQ LIMITED - Further recycling of capital - Rest of Africa Retail Investments

Release Date: 05/08/2019 13:38
Code(s): ATT     PDF:  
Wrap Text
Further recycling of capital - Rest of Africa Retail Investments

(Incorporated in the Republic of South Africa)
(Registration number 1997/000543/06)
JSE share code: ATT  ISIN: ZAE000177218
(Approved as a REIT by the JSE)


Attacq is pleased to announce that AttAfrica Limited, in which it owns a 31.8% stake, has concluded an agreement to
dispose of its 50% interest in Manda Hill Shopping Centre ("Manda Hill"), Zambia. The sale price for the disposal of
Manda Hill is in line with Attacq's carrying value of its effective share in the mall as at 31 December 2018.

Attacq will use its share of the disposal proceeds to reduce its interest-bearing debt.

Following this disposal, Attacq's remaining Rest of Africa Retail Investments comprise investments into Accra Mall
and West Hills Mall in Accra, Ghana, Kumasi City Mall in Kumasi, Ghana and Ikeja City Mall in Lagos, Nigeria. 

Attacq, together with its fellow shareholders in its Rest of Africa retail assets, will continue to pursue disposals 
in an orderly manner over time.

5 August 2019

Java Capital

Date: 05/08/2019 01:38:00
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