| Mon 1 Dec 2008, 14:40 | | CPL/MYT - Capital/Monyetla - Results Of The Scheme Meetings |
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CPL MYT
CPL MYT
CPL/MYT - Capital/Monyetla - Results Of The Scheme Meetings
Capital Property Fund
Share Code: CPL
ISIN: ZAE000001731
("Capital")
(A portfolio in Capital Property Trust Scheme, a Collective Investment Scheme in
Property established in terms of the Collective Investment Schemes Control Act,
No 45 of 2002)
Managed by Property Fund Managers Limited ("PFM")
(Incorporated in the Republic of South Africa)
(Registration No. 1980/009531/06)
Monyetla Property Fund Limited
(Registration No. 1987/006274/06)
Share Code: MYT
ISIN Code: ZAE000093761
("Monyetla")
RESULTS OF THE SCHEME MEETINGS
The scheme meetings of Monyetla shareholders and Monyetla debenture holders,
collectively referred to as linked unitholders, were held on Monday, 1 December
2008 in respect of the scheme of arrangement in terms of section 311 of the
Companies Act, 1973 (Act 61 of 1973), as amended ("the scheme"), proposed by
Capital between Monyetla and its linked unitholders in terms of which Capital
will acquire all of the linked units held by Monyetla linked unitholders
recorded in the register on the record date of the scheme ("scheme
participants"). In terms of the scheme, the scheme participants will receive
0,50926 new Capital units for every Monyetla linked unit held, rounded up or
down to the nearest whole number ("scheme consideration").
Monyetla linked unitholders are advised that the requisite majority of scheme
members approved the scheme at the scheme meetings.
The Chairman of the scheme meeting is to report back to the High Court of South
Africa (Witwatersrand Local Division) ("the Court") on Tuesday, 9 December 2008
("the return date") for the sanctioning of the scheme. Scheme members are
entitled to attend or be represented by counsel at the Court on the return date.
Copies of the Chairman`s report on the scheme meetings will be available to any
Monyetla linked unitholder on request, free of charge, at Monyetla`s registered
office (3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia, 2196) and at the
offices of the Chairman c/o Knowles Husain Lindsay Inc., (4th Floor, The Forum,
2 Maude Street, Sandown, Sandton, 2196) during normal office hours for at least
one week before the return date.
Monyetla linked unitholders are advised that the outstanding conditions to the
scheme are as follows:
- the Court sanctioning the scheme on the return date; and
- registration of a notarially certified copy of the Order of Court
sanctioning the scheme by the Companies and Intellectual Property
Registration Office in terms of the Act.
Further announcements regarding the date on which the scheme will be implemented
will be released on SENS and published in the press in due course.
1 December 2008
Corporate advisor and sponsor to Capital and
transaction sponsor to Monyetla
Java Capital (Proprietary) Limited
Sponsor to Monyetla
Deloitte & Touche Sponsor Services (Pty) Limited
Attorneys to the scheme
Knowles Husain Lindsay Inc.
Date: 01/12/2008 14:40:12 Produced by the JSE SENS Department.
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