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FREEDOM PROPERTY FUND LIMITED - Renewal of the cautionary announcement

Release Date: 14/05/2020 13:52
Code(s): FDP     PDF:  
Wrap Text
Renewal of the 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)

RENEWAL OF THE CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement dated 2 September 2019, as well as the various
renewals thereof, the latest of which was dated 6 April 2020, relating to the receipt by the Company of 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. Shareholders are
advised that the Company and SAHIF have agreed, in writing, to extend the exclusivity period of the Expression of
Interest to 12 June 2020.

If implemented, the Potential Transaction may have a material effect on the price of the Company’s securities and
shareholders are accordingly advised to continue to exercise caution should they enter into any off-market trades
in their Freedom shares until a further announcement is made.

Paarl
14 May 2020

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 14-05-2020 01:52:00
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