SAC - SA Corporate - Changes In Executive And Senior Management Of The Fund
SAC
SAC
SAC - SA Corporate - Changes In Executive And Senior Management Of The Fund
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate Real
Estate Fund Managers Limited (Registration number 1994/009895/06)
Share Code: SAC & ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")
Changes in executive and senior management of the Fund
SA Corporate is managed by SA Corporate Real Estate Fund Managers Limited ("the
management company"). The management company is a subsidiary of Old Mutual
Investment Group Property Investments (Pty) Limited ("OMIGPI"). In terms of
contractual arrangements with the management company OMIGPI undertakes the fund
management of SA Corporate. OMIGPI has embarked on a realignment of its
structure and decided to internally restructure its fund management operations
through the creation of a centralized fund management team in Cape Town ("the
restructure").
As a consequence of the restructure the executive directors and other senior
management of the Fund who are based in Durban have declined to relocate to Cape
Town. In the interest of a smooth transition, OMIGPI and the departing
management team have reached agreement on a handover period of between 3 and 6
months and the current executive directors will continue as directors until
further notice.
Unitholders will be informed regarding the appointment of incoming management in
due course.
Durban
01 April 2009
Sponsor
Nedbank Capital
Date: 01/04/2009 15:03:01 Produced by the JSE SENS Department.
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