|
Distribution results announcement
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
JSE share code: OAS
ISIN: ZAE000074332
("the Fund")
DISTRIBUTION RESULTS ANNOUNCEMENT
1. Unitholders are referred to the announcements released by the Fund on SENS on
22 April 2025 and 7 May 2025, regarding the Fund's distribution in respect of the six months
ended 31 March 2025, as well as the circular to unitholders dated 7 May 2025 ("Circular"),
in this regard.
2. As indicated in the above announcements and the Circular, unitholders could elect to
receive in cash the distribution of 5,917.70400 cents (in aggregate), after non-permissible
income, for every 100 units held ("Cash Distribution"), failing which the distribution would
be reinvested at the rate of 2.10820 units at 2,807 cents per unit (in aggregate) for every
100 units so held ("Unit Reinvestment"). Non-resident unitholders are referred to those
sections of the abovementioned announcements and the Circular dealing with the
reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline for
the above election was 12:00 p.m. on Friday, 6 June 2025.
3. Unitholders holding 47 120 525 units or 72.5% of units qualifying to receive the distribution,
elected to receive the Cash Distribution, resulting in a Cash Distribution of R27 884 531.92,
gross of tax.
4. The remaining unitholders, holding 17 843 570 units or 27.5% of units qualifying to receive
the distribution, reinvested their distribution, amounting to R10 559 296.56 gross of tax (R9
848 443.48 net of tax), resulting in the issuing of 350 785 new units.
5. Unitholders are advised that on Monday, 9 June 2025 distribution payments were made into
the bank accounts of those certificated unitholders, and distribution payments were credited
to the Central Securities Depositary Participant ("CSDP") accounts or to the broker custody
accounts of those dematerialised unitholders, who elected to receive the Cash Distribution.
6. Unitholders are advised that on Wednesday, 11 June 2025 new unit certificates will be
posted to those certificated unitholders, and new units will be credited to the CSDP accounts
or broker custody accounts of those dematerialised unitholders, who qualified for the Unit
Reinvestment.
7. Unitholders are advised that 3 777 units will be issued to directors of Oasis Crescent
Property Fund Managers Limited and their associates, with no units being issued to
prescribed officers or the company secretary of Oasis Crescent Property Fund Managers
Limited, on the following basis:
DIRECTOR / ASSOCIATE OF DIRECTOR NO. OF UNITS
ADAM EBRAHIM FAMILY TRUST 1,460
BINT NUR EBRAHIM TRUST 486
ZAHRA EBRAHIM TRUST 486
ABLI FAMILY TRUST 486
ROSHIN ARA EBRAHIM FAMILY TRUST 486
MR MAHOMED SHAHEEN EBRAHIM 373
8. The number of listed units will be adjusted on or about Friday, 13 June 2025, based on the
results of the distribution.
9. Unitholders are referred to the Fund's abovementioned announcements for details on the
tax implications of the distribution.
Cape Town
9 June 2025
Corporate Advisor and Designated Advisor
PSG Capital
Date: 09-06-2025 04:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
|
