| Mon 26 Oct 2009, 17:40 | | PMM/OCT - Premium/Octodec - Results of the Partial |
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OCT PMM
OCT PMM
PMM/OCT - Premium/Octodec - Results of the Partial Offer
Premium Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/003601/06)
Share Code: PMM & ISIN Code: ZAE000009254
("Premium")
Octodec Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
Share Code: OCT & ISIN Code: ZAE000005104
("Octodec")
Results of the partial offer by A Wapnick, JP Wapnick and S Wapnick ("the
Wapnick Family") and Octodec Investments Limited ("Octodec") ("the consortium")
to acquire 10% of the Premium linked units held by Premium linked unitholders,
on a pro rata basis ("the partial offer")
Premium linked unitholders are referred to the announcement released on SENS on
Thursday, 27 August 2009 informing linked unitholders of the terms of the
partial offer.
Linked unitholders are now advised that as at 12:00 on Friday, 23 October 2009,
the closing date of the partial offer, the consortium had received the following
acceptances from Premium linked unitholders:
- 10% partial offer - 891,028 Premium linked units equating to 0.68% of the
Premium linked units held by Premium linked unitholders; and
- excess partial offer allocations - 242,911 Premium linked units equating to
0.19% of the Premium linked units held by Premium linked unitholders. The
consortium elected to accept all of the excess allocations received.
Accordingly, the consortium has acquired 1 133 939 linked units, representing
0.87% of the Premium linked units held by Premium linked unitholders through the
partial offer. Accordingly, the consortium now holds 35.28% of the Premium
linked units in issue, of which the Wapnick Family holds 24.33% and Octodec
holds the remaining 10.95%.
Premium linked unitholders are hereby advised that the partial offer has been
successfully concluded, is now closed and that no acceptances received after
12:00 on Friday, 23 October 2009 have or will be considered.
Pretoria
26 October 2009
Investment bank and Legal advisor
sponsor
(Nedbank Capital logo) (logo)
Date: 26/10/2009 17:30:01 Produced by the JSE SENS Department.
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