Wrap Text
Distribution of annual report, no change statement, notice of AGM, distribution declaration, BEE compliance report
OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis Crescent Property
Trust Scheme registered in terms of the Collective
Investment Schemes Control Act (Act 45 of 2002) having
REIT status with the JSE
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)
DISTRIBUTION OF ANNUAL REPORT, NO CHANGE STATEMENT, NOTICE OF ANNUAL
GENERAL MEETING, DISTRIBUTION DECLARATION AND BROAD-BASED BLACK
ECONOMIC EMPOWERMENT ACT: ANNUAL COMPLIANCE REPORT
DISTRIBUTION OF ANNUAL REPORT AND NO CHANGE STATEMENT
Unitholders of the Fund (“Unitholders”) are hereby advised that the Fund’s annual report
(“Annual Report”), incorporating the full audited consolidated annual financial statements of
the Fund for the year ended 31 March 2022 and the notice of the annual general meeting of
the Fund (“Notice of AGM”) was distributed to Unitholders today, 29 June 2022, and contains
no modifications to the audited results which were announced on SENS on 29 April 2022, it
being noted that non-IFRS property-related disclosures have been expanded on pages 93 to
100 of the Annual Report.
The annual report will also be available on the Fund’s website, at
http://www.oasis.co.za/default/content.aspx?initial=true&moveto=704.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting (“AGM”) will be conducted entirely by
electronic communication at 10:00am on Thursday, 21 July 2022, to transact the business
as set out in the abovementioned Notice of AGM. Unitholders are referred to the guidance
and instructions regarding such electronic communication and participation, as set out in the
Notice of AGM.
Kindly note the following salient details:
Issuer name Oasis Crescent Property Fund
Type of instrument Units
ISIN number ZAE000074332
JSE code OAS
Meeting type Annual General Meeting
Meeting venue Electronic
Record date – to determine which Unitholders Friday, 24 June 2022
are entitled to receive the notice of meeting
Publication/posting date Wednesday, 29 June 2022
Last day to trade – Last day to trade to Tuesday, 12 July 2022
determine eligible Unitholders that may attend,
speak and vote at the meeting
Record date – to determine eligible Unitholders Friday, 15 July 2022
that may attend, speak and vote at the meeting
Meeting deadline date (For administrative Tuesday, 19 July
purposes, forms of proxy for the meeting to be
lodged)
Meeting date 10:00am on Thursday, 21 July 2022
Publication of results Thursday, 21 July 2022
Website link http://www.oasis.co.za/default/content.a
spx?initial=true&moveto=704
FURTHER DIVIDEND DECLARATION
It has come to the Fund’s attention that while the distributable income and aggregate
distribution to unitholders for the year ended 31 March 2022 was correctly disclosed in the
summarised annual financial results announced on 29 April 2022 and in the audited annual
financial statements published on the same date, the amount declared in respect of the final
6-month period was understated, due to an administrative error. In order to correct this, it has
been resolved to declare a further cash dividend of 2.36292 cents per unit from income. This
is a cash-only dividend with no reinvestment alternative.
The above dividend is considered a special dividend and the declaration is therefore subject
to the condition that the required exchange control approval be obtained from the South
African Reserve Bank.
In respect of the distribution, unitholders who will receive the distribution are hereby informed
that, for taxation purposes, OCPF is a REIT as defined in the Income Tax Act as from 1 April
2013 and, accordingly, the tax implications of the distribution have changed as from that date.
The distribution will not be exempt from income tax in terms of section 10(1)(k) of the Income
Tax Act.
For South African tax residents, the distribution will be exempt from dividends tax in terms of
section 64F(1) of the Income Tax Act, provided that you, as unitholder, provide the transfer
secretary or your nominee, custodian or Central Securities Depository Participant (“CSDP”)
with confirmation of your tax residence status in the prescribed form. If you do not provide
the required residence status, they will have no choice but to withhold dividends tax at a rate
of 20%.
Including DWT at 20% results in a net dividend of 1.89034 cents per unit.
For non-resident unitholders, for South African tax purposes, the distribution received by a
non-resident unitholder from a REIT will be subject to dividend withholding tax at 20%, unless
the rate is reduced in terms of any applicable agreement for the avoidance of double taxation
(“DTA”) between South Africa and the country of tax residence of the unitholder.
Non-resident unitholders that believe that a reduced rate of tax applies in respect of their
applicable DTA should contact the transfer secretaries or their nominee, custodian or CSDP
for the prescribed form to record the reduced rate of tax.
Units in issue at the date of declaration of the distribution: 66 085 198
Income tax reference number: 3354212148
The salient dates of the distribution declaration are:
2022
Assuming exchange control approval is obtained:
Finalisation announcement expected to be released by 11:00 Monday, 18 July
a.m. on
Last day to trade in order to be eligible for the distribution Tuesday, 26 July
Trading commences ex-entitlement to the distribution Wednesday, 27 July
Record date for the distribution Friday, 29 July
Electronic payment and CSDP/broker accounts updated with Monday, 1 August
cash
Notes:
(i) If the finalisation date has not occurred by Monday, 18 July 2022, an updated
timetable will be published on SENS.
(ii) Share certificates may not be dematerialised or rematerialised between Wednesday,
27 July 2022 and Friday, 29 July 2022, both days inclusive
BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“THE ACT”): ANNUAL
COMPLIANCE REPORT
In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited
Listings Requirements, notice is hereby given that the Fund’s annual compliance report in
terms of section 13G(2) of the Act has been published and is, together with the Fund’s latest
broad-based black economic empowerment certificate, available on the Fund’s website at
http://www.oasis.co.za/default/content.aspx?initial=true&moveto=704.
Cape Town
29 June 2022
Designated Advisor
PSG Capital
Date: 29-06-2022 05:30:00
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