ACP - Acucap Properties Limited - Further announcement regarding the acquisition
ACP SYC
ACP SYC
ACP - Acucap Properties Limited - Further announcement regarding the acquisition
by Acucap of the remaining 50% in Sycom Property Fund Managers
ACUCAP PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/021725/06)
JSE Share code: ACP ISIN: ZAE000037651
("Acucap" or "the Company")
SYCOM PROPERTY FUND
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No.45 of 2002 and managed by Sycom Property
Fund Managers Limited
(Registration number 1986/002756/06)
JSE Share code: SYC ISIN: ZAE000019303
("Sycom")
FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION BY ACUCAP OF THE REMAINING 50% IN
SYCOM PROPERTY FUND MANAGERS ("SPFM") ("THE TRANSACTION")
Acucap and Sycom unitholders are referred to the voluntary announcements dated
12 March 2010 and 15 July 2010 which provided details of the transaction and
confirmation of Competition Authority approval respectively.
The boards of directors of both Acucap and Sycom are pleased to announce that
the transaction was approved by the Financial Services Board on 13 August 2010.
All conditions precedent have therefore been fulfilled and the transaction
becomes effective from today, Monday 16 August 2010.
16 August 2010
Cape Town
Investment bank and sponsor Competition law advisor
Nedbank Capital Vani Chetty Competition Law
Date: 16/08/2010 15:36:01 Produced by the JSE SENS Department.
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