HYP - Hyprop Investments - Results of mandatory offer by Redefine
HYP
HYP
HYP - Hyprop Investments - Results of mandatory offer by Redefine
Properties Limited to Hyprop combined Unitholders
Hyprop Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1987/005284/06)
Share Code: HYP ISIN: ZAE000003430
("Hyprop")
RESULTS OF MANDATORY OFFER BY REDEFINE PROPERTIES LIMITED ("REDEFINE") TO
HYPROP COMBINED UNITHOLDERS
INTRODUCTION
Combined unitholders are referred to the previous announcements in
relation to an offer by Redefine to acquire all or any of the Hyprop
combined units held by Hyprop combined unitholders (excluding Redefine)
for a cash consideration of R50 per combined unit ("the Offer"). The
Offer was triggered by virtue of Redefine`s acquisition of 19 686 558
Hyprop combined units from Coronation Asset Management (Pty) Limited at a
price of R50 per Hyprop combined unit ("the Acquisition").
Combined unitholders are referred to the announcement released on SENS by
Redefine, dated 30 August 2010, in which Redefine unitholders are
informed that the mandatory offer closed at 12pm on Friday, 27 August
2010 and was accepted by Hyprop combined unitholders holding 926 593
Hyprop combined units.
Accordingly, as a result of the Offer and the Acquisition, Redefine`s
interest in Hyprop has increased from 55 323 970 Hyprop combined units
(constituting 33.3% of Hyprop`s issued unit capital) to 75 937 121 Hyprop
combined units (constituting 45.7% of Hyprop`s issued unit capital).
30 August 2010
Independent sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
Independent advisor
Deloitte & Touche Corporate Finance
Sponsor
Java Capital (Proprietary) Limited
Date: 30/08/2010 15:43:01 Produced by the JSE SENS Department.
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