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VUKILE PROPERTY FUND LIMITED - Finalisation of scheme of arrangement by Atlantic Leaf

Release Date: 04/08/2020 17:30
Code(s): VKE     PDF:  
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Finalisation of scheme of arrangement by Atlantic Leaf

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
(“Vukile” or “the company”)


FINALISATION OF SCHEME OF ARRANGEMENT BY ATLANTIC LEAF


Shareholders are referred to the announcement published on SENS today by Atlantic Leaf Properties Limited (“Atlantic
Leaf”) wherein Atlantic Leaf shareholders were informed that the scheme of arrangement in respect of the acquisition
by South Downs Investment LP of all of the issued shares in Atlantic Leaf for a cash consideration of 80.5 pence per
Atlantic Leaf share (the “scheme”) became effective in accordance with its terms on Tuesday, 4 August 2020.

The scheme is expected to complete on Monday, 17 August 2020, on which date Vukile will dispose of all its Atlantic
Leaf shares for a net consideration, after the settlement of transaction hedges, of R1,1 billion.

Proceeds from the disposal of the Atlantic Leaf shares will be primarily used to repay debt.

4 August 2020


JSE sponsor                                                 NSX sponsor
Java Capital                                                IJG Securities (Pty) Ltd

Date: 04-08-2020 05:30:00
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