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FREEDOM PROPERTY FUND LIMITED - Cautionary announcement

Release Date: 02/09/2019 12:05
Code(s): FDP     PDF:  
 
Wrap Text
Cautionary announcement

FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2012/129186/06
Share code: FDP
ISIN: ZAE000185260
(“Freedom” or “the Company)

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the Company has received a non-binding expression of interest (“Expression of
Interest”) from the South African Housing and Infrastructure Fund (“SAHIF”) to acquire all of the issued shares of
Freedom by way of a scheme of arrangement in terms of section 114 of the Companies Act 2008 (“the Potential
Transaction”), subject to a due diligence investigation. The Expression of Interest is subject to an exclusivity period
of a maximum of 120 days from 22 August 2019. If implemented, the Potential Transaction may have a material
effect on the price of the Company’s securities.

The Board of Directors of Freedom is in the process of engaging with SAHIF and shareholders are advised to
exercise caution should they enter into any off-market trades in their Freedom shares until a further announcement
is made.

Paarl
2 September 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 02/09/2019 12:05:00
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