HPA/HPB - Hospitality Property Fund Limited - Cautionary Announcement
HPA HPB
HPA
HPA/HPB - Hospitality Property Fund Limited - 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")
CAUTIONARY ANNOUNCEMENT
Linked Unitholders ("Unitholders") are advised that Hospitality is at an
advanced stage of negotiations to acquire two properties from the Arabella
South Africa Holding (Proprietary) Limited group of companies ("the
Transaction"), comprising:-
1. the 5-star Westin Grand Hotel located adjacent to the Cape Town
International Convention Centre (CTICC); and
2. the 5-star Arabella Western Cape Hotel & Spa and the Arabella Golf Course
situated on the Arabella Country Estate near Hermanus and approximately
155km`s from Cape Town, including 437 hectares of undeveloped land located
adjacent to the Arabella Country Estate.
The Transaction, will be classified as a Category 1 transaction in terms of
the JSE Limited Listings Requirements and will require, amongst other things,
Unitholder approval.
The transaction, if concluded, may have a material effect on the price of
Hospitality`s linked units and Unitholders are accordingly advised to exercise
caution when dealing in Hospitality`s linked units until a further
announcement is made.
Johannesburg
09 June 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 09/06/2010 17:23:20 Produced by the JSE SENS Department.
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