ABT - Ambit Properties Limited - Results of general meeting
ABT
ABT
ABT - Ambit Properties Limited - Results of general meeting
AMBIT PROPERTIES LIMITED(Incorporated in the Republic of South Africa)
(Registration number: 2001/007003/06)Share code: ABTISIN code:
ZAE000051645("Ambit" or "the Company")
RESULTS OF GENERAL MEETING
Ambit linked unitholders ("unitholders") are referred to the circular to
unitholders dated 29 November 2007 relating to:
- the acquisition by Ambit of two commercial properties from a related party
for a total consideration of R303,5 million ("the Diagonal Street
Acquisition);
- the acquisition by Ambit of Abseq Properties (Proprietary) Limited from
various vendors including a related party for a total consideration of R1
036,9 million ("the Abseq Acquisition); and
- a specific issue of linked units for cash to raise R239,6 million ("the
specific issue").
At the general meeting of unitholders held today, the resolutions in respect of
the Diagonal Street Acquisition were passed by the requisite majority of
unitholders. The resolution relating to the Abseq Acquisition and, as a result
the resolution relating to the specific issue, were, as announced on 18 December
2007, withdrawn.
All conditions precedent in respect of the Diagonal Street Acquisition have now
been fulfilled and the Diagonal Street Acquisition consideration linked units
will be issued to the vendors on transfer of the respective properties which is
anticipated to take place in January 2008
Johannesburg
21 December 2007
Sponsor:EXCHANGE SPONSORS (PTY) LIMITED
Date: 21/12/2007 11:44:06 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
