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HPA HPB
HPA
HPA/HPB - Hospitality - Dealing In Securities By An Associate Of A Director
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")
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR
In terms of the Listings Requirements of the JSE Limited, the following
information, relating to dealings in securities by an associate of a director,
is disclosed:
Director: G A Nelson, who is a beneficiary of The
Nelson Family Trust, which owns 42% of
Grapnel Property Asset Managers (Pty) Ltd
("GPAM"), the entity which has entered into
the sale
Company of which a director: Hospitality
Date of transaction: 30 June 2010
Nature of transaction: On market sale of units
Class of securities: HPA units
Number of securities: 300 000 A-linked units
Selling price: R13.00 per A-linked unit
Value of transaction: R3 900 000.00
Date of transaction: 1 July 2010
Nature of transaction: On market sale of units
Class of securities: HPA units
Number of securities: 272 300 A-linked units
Selling price: R13.00 per A-linked unit
Value of transaction: R3 539 900.00
Date of transaction: 2 July 2010
Nature of transaction: On market sale of units
Class of securities: HPA units
Number of securities: 33 481 A-linked units
Selling price: R13.00 per A-linked unit
Value of transaction: R435 253.00
Extent of interest: Indirect beneficial
Unitholders are referred to the SENS announcement dated 19 August 2009 and the
circular to unitholders dated 1 October 2009 and are reminded of the recent
acquisition by Hospitality of Hospitality Property Fund Managers (Pty) Ltd ("HPF
Manco"), the external asset manager of Hospitality. The sellers of Hospitality
Manco were GPAM and Hotel Tourism and Leisure Asset Management (Pty) Ltd.
The sellers were obliged to utilise a portion of the proceeds from the sale to
subscribe for A and B linked units in Hospitality.
The above transaction is in respect of Hospitality linked units purchased by
GPAM as set out above.
The proceeds of the sale will be utilised mainly to settle certain tax
obligations of GPAM.
Gerald Nelson in his capacity as CEO of Hospitality could be perceived to have
access to confidential and/or price sensitive information at any given point in
time and has as such refrained from participating in shareholders and directors`
discussions around and voting on the sale of Hospitality linked units by GPAM.
Johannesburg
5 July 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/07/2010 11:35:01 Produced by the JSE SENS Department.
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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.
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