GRT - Growthpoint - Amendment To Growthpoint Renounceable Rights Offer (The
GRT
GRT
GRT - Growthpoint - Amendment To Growthpoint Renounceable Rights Offer ("The
Rights Offer") Announcement
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")
AMENDMENT TO GROWTHPOINT RENOUNCEABLE RIGHTS OFFER ("THE RIGHTS OFFER")
ANNOUNCEMENT
Growthpoint linked unitholders are referred to the announcement released on the
Securities Exchange News Service on Thursday, 4 December 2008 and in the press
on Friday, 5 December 2008 relating to the Rights Offer.
A resolution placing a portion of the authorised but unissued linked units under
the control of the Growthpoint Directors was approved at the annual general
meeting of linked unitholders, held on Wednesday, 5 November 2008. This
resolution is open to interpretation as to whether it only permits a maximum of
10% of the currently issued linked units to be issued as new linked units in
circumstances such as those for the current Rights Offer which includes both an
upfront claw back portion and a subsequent issue.
In order to address any concerns arising therefrom the maximum size of the
Rights Offer has been reduced from R2 billion to approximately R1.742 billion.
As a result 128 092 620 new Growthpoint linked units ("Rights Offer Units") will
be offered at a price of 1360 cents per linked unit in the ratio of 10 Rights
Offer Units for every 100 Growthpoint linked units currently in issue.
Save for this change all other terms of the Rights Offer remain unchanged.
5 December 2008
Sandton
Investment Bank
Investec Corporate Finance
Transactional Sponsor
Barnard Jacobs Mellet Corporate Finance
Sponsor
Investec Bank Limited
Attorneys
Glyn Marais Inc
Date: 05/12/2008 17:21:16 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.
