HPA/HPB - Hospitality Property Fund Limited - Withdrawal of Cautionary
HPA HPB
HPA
HPA/HPB - Hospitality Property Fund Limited - Withdrawal of Cautionary
Announcement
HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
Share code for A linked units: HPA
ISIN for A linked units: ZAE000076790
Share code of B linked units: HPB
ISIN for B linked units: ZAE000076808
("Hospitality" or "the company")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Hospitality unitholders, at the recent Annual General Meeting of the Company
("the AGM")passed a resolution to approve a specific authority ("the authority")
to allot, issue or otherwise dispose of such number of unissued shares in the
authorised capital of the company as would satisfy a maximum purchase
consideration of Rm111 for the acquisition a 4-star hotel located in Durban
("the proposed acquisition"), which authority is to lapse when the proposed
acquisition is either concluded or abandoned.
Unitholders were advised of the proposed acquisition, prior to the posting of
the notice of the AGM by way of a cautionary announcement dated 30 September
2009.
Negotiations in respect of the proposed acquisition are continuing. However, as
the proposed acquisition, if concluded, will not have a material effect on the
price of Hospitality`s linked units, the cautionary announcement is withdrawn.
Unitholders are accordingly no longer required to exercise caution when dealing
in their securities. Unitholders will be advised when the proposed transaction
is concluded or abandoned.
Johannesburg
13 November 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/11/2009 13:55:02 Produced by the JSE SENS Department.
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