GRT - Growthpoint Properties Limited - change in m
GRT
GRT
GRT - Growthpoint Properties Limited - change in major linked unitholder
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 1987/004988/06
JSE share code: GRT & ISIN: ZAE000037669
("Growthpoint" or "the Company")
CHANGE IN LINKED UNITHOLDING
Growthpoint linked unitholders are referred to the announcement of Investec
Limited and Investec plc (together "Investec") released on SENS on 6 November
2007, in which it was announced that Investec had facilitated the disposal of
200 million Growthpoint linked units to the Public Investment Corporation
Limited, on behalf of the Government Employees Pension Fund ("PIC") for a
consideration of 1700 cents per linked unit. As a result of this transaction
the PIC will increase their linked unitholding in Growthpoint by 17.06% before
the claw-back offer as explained below and 15.72% of Growthpoint after the
claw-back offer.
Growthpoint linked unitholders are also referred to the Growthpoint
announcement released on SENS on Friday 2 November 2007 confirming that the
claw-back offer of 100,000,000 (one hundred million) new linked units ("claw-
back units"), at an issue price of 1650 cents per linked unit ("the issue
price") had been registered by the Registrar of Companies and would be
implemented in accordance with the timetable as set out in this announcement.
The claw-back offer has effectively been underwritten by the PIC and depending
on the extent to which Growthpoint linked unitholders follow their rights to
take up their entitlement to the claw-back units at the issue price, the PIC
could increase their linked unitholding in Growthpoint by up to a further
7.86%.
Sandton
6 November 2007
Sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Date: 06/11/2007 16:30:01 Produced by the JSE SENS Department.
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