| Wed 31 Oct 2007, 13:19 | | APA / APB / AXC - ApexHi Properties Limited - Inte |
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APA APB AXC
APA
APA / APB / AXC - ApexHi Properties Limited - Interest Distribution
ApexHi Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 1999/000238/06
Share codes: APA/APB/AXC
ISIN codes: ZAE000083598/ZAE000083606/ZAE000083580
("ApexHi")
INTEREST DISTRIBUTION
The total interest distribution for the quarter ended 30 September 2007 is
78.00 cents (2006: 67.00 cents), a 16.4% increase over the distribution paid
for the quarter ended 30 September 2006 and ApexHi is pleased to announce that
for the first time since listing the C unit on 9 October 2006, the C unit will
participate in interest distributions.
Unit holders are advised that interest distribution number 26 in respect of
the quarter 1 July 2007 to 30 September 2007 has been declared as follows:
- A unit: 33.75 cents (2006: 30.15 cents), 11,9 % increase
- B unit: 41.25 cents (2006: 36.85 cents), 11,9 % increase
- C unit: 3.00 cents (2006: nil)
In terms of the debenture trust deed, interest distributions are calculated as
follows:
If the total interest distribution per quarter is less than 75.00 cents, the
percentage of the total interest distribution payable on each of the units
will be as follows:
- A unit: 45;
- B unit: 55; and
- C unit: Nil.
If the total interest distribution per quarter is between 75.00 cents and
93.75 cents, the total interest distribution payable on each of the units will
be as follows:
- A unit: 33.75 cents;
- B unit: 41.25 cents; and
- C unit: the balance of the interest distribution;
If the total interest distribution per quarter is above 93.75 cents, the
percentage of the total interest distribution payable on each of the units
will be as follows:
- A unit: 36;
- B unit: 44; and
- C unit: 20.
SALIENT DATES
November 2007
Last date to trade cum interest Friday, 16
Units will trade ex interest Monday, 19
Record date Friday, 23
Payment of interest distribution Monday, 26
number 26
There may be no dematerialisation or re-materialisation of the A, B and C
units between Monday, 19 November 2007 and Friday, 23 November 2007, both days
inclusive.
By order of the Board
G G L Leissner
Chief Executive Officer
Johannesburg
31 October 2007
DIRECTORS: M Wainer (Chairman), G G L Leissner *(Chief Executive Officer), D H
Rice * (Managing), J F Bihl ^, W E Cesman, J Dritz ^, A Rehman ^, C van Wyk *
* Executive ^ Independent
Sponsor
Java Capital (Proprietary) Limited
Date: 31/10/2007 13:19:20 Produced by the JSE SENS Department.
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