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ARROWHEAD PROPERTIES LIMITED - Arrowhead \Gemgrow - Joint finalisation announcement

Release Date: 09/09/2019 14:35
Code(s): AWA GPA GPB     PDF:  
 
Wrap Text
Arrowhead \Gemgrow  - Joint finalisation announcement

ARROWHEAD PROPERTIES LIMITED                                  GEMGROW PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)                (Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)                          (Registration number 2007/032604/06)
JSE share code: AWA ISIN: ZAE000203105                        JSE share code: GPA ISIN: ZAE0000223269
(Approved as a REIT by the JSE)                               JSE share code: GPB ISIN: ZAE0000223277
(“Arrowhead”)                                                 (Approved as a REIT by the JSE)
                                                              (“Gemgrow”)


Joint Finalisation Announcement


Arrowhead and Gemgrow shareholders are referred to the joint announcements released on SENS, the last
of which was published on Thursday, 29 August 2019, regarding, inter alia, the offer by Gemgrow to acquire
all of the Arrowhead ordinary shares, but excluding the Arrowhead shares held in treasury, from Arrowhead
shareholders (“scheme participants”) by way of a scheme of arrangement in terms of section 114 of the
Companies Act, No. 71 of 2008, as amended, proposed by the board of Arrowhead to the scheme
participants (“transaction”).

The boards of Arrowhead and Gemgrow are pleased to announce that all outstanding conditions precedent
to the transaction have now been fulfilled. The salient dates and times previously published on SENS on
29 August 2019 in respect of the implementation of the transaction, remain unchanged.


Arrowhead Independent Board Responsibility Statement

The Arrowhead independent board (to the extent the information relates to Arrowhead), accepts
responsibility for the information contained in this announcement and, to the best of its knowledge and belief,
confirms that the information contained is true and this announcement does not omit anything likely to affect
the importance of such information.


Gemgrow Responsibility Statement

Gemgrow (to the extent the information relates to Gemgrow), accepts responsibility for the information
contained in this announcement and, to the best of its knowledge and belief, confirms that the information
contained is true and this announcement does not omit anything likely to affect the importance of such
information.

9 September 2019


Corporate advisor and sponsor to Arrowhead
Investec Bank Limited

Independent corporate advisor and transaction sponsor to Gemgrow
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Corporate advisor to Gemgrow
Investec Bank Limited

Strategic transaction advisor to Arrowhead
Ferryman Capital Partners

Legal advisor and competition law advisor
Cliffe Dekker Hofmeyr Incorporated

Date: 09/09/2019 02:35:00
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