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FREEDOM PROPERTY FUND LIMITED - Update on the disposal of a property by a wholly owned subsidiary

Release Date: 05/05/2020 17:22
Code(s): FDP     PDF:  
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Update on the disposal of a property by a wholly owned subsidiary

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

UPDATE ON THE DISPOSAL OF A PROPERTY BY A WHOLLY OWNED SUBSIDIARY


Shareholders are referred to the announcement, dated 16 March 2020, which advised that Zambesa
Investments Proprietary Limited and Tubatse Estate Proprietary Limited (“Tubatse Estate”), which
are wholly-owned subsidiaries of the Company, had entered into a property sale agreement with
Cecilo Investments CC relating to the disposal by Tubatse Estate of the remaining extent of the
Burgersfort Extension 40 Township situated at Portion 6 of the farm Witgatboom 316 (“the
Disposal”).

Shareholders are hereby advised that certain conditions precedent to the Disposal were not fulfilled
within the timelines specified. Accordingly, the Disposal will not proceed.

Paarl
5 May 2020

Sponsor and Corporate Advisor
Questco Corporate Advisory Proprietary Limited

Date: 05-05-2020 05:22:00
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