| Tue 28 Aug 2007, 16:55 | | APA/APB/AXC - ApexHi Properties Limited - Dealings |
|
APA APB AXC
APA
APA/APB/AXC - ApexHi Properties Limited - Dealings in securities
ApexHi Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 1999/000238/06
JSE share code: APA ISIN: ZAE000083598
APB ISIN: ZAE000083580
AXC ISIN: ZAE000083606
("ApexHi")
DEALINGS IN SECURITIES
In compliance with sections 3.63 - 3.73 of the Listings Requirements of the JSE
Limited, ApexHi discloses that it has been notified by Madison Property Fund
Managers Limited ("Madison"), an "independent entity" (as contemplated in
paragraph 3.63 of the JSE Listings Requirements) that on 24 August 2007 Madison
disposed of 1,284,814 ApexHi B linked units at a price of R17.50 per linked unit
(with a total value of R22,484,245) and 200,000 ApexHi A linked units at a price
of R14.50 per linked unit (with a total value of R2,900,000). On 27 July 2007
Madison disposed of a further 24,836 ApexHi B linked units at a price of R17.50
per linked unit (with a total value of R434,630) and 4,755,767 ApexHi A linked
units at a price of R14.50 per linked unit (with a total value of approximately
R68,958,622). Madison has advised that the ApexHi A and B units were disposed of
to align Madison`s investment in ApexHi units to that required for
incentivisation commitments to staff seconded to ApexHi. Marc Wainer and Wolf
Cesman who are directors of ApexHi are also directors and unitholders of ApexHi.
As the transaction does not relate to a director`s dealing in ApexHi securities,
no clearance to deal was required in terms of paragraph 3.66 of the JSE Listings
Requirements.
Rosebank
28 August 2007
Sponsor
Java Capital (Proprietary) Limited
Date: 28/08/2007 16:55:01 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.
