| Mon 15 Nov 2010, 16:29 | | HPA/HPB - Hospitality Property Fund Limited - Results of the rights offer |
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HPA HPB
HPA
HPA/HPB - Hospitality Property Fund Limited - Results of the rights offer
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 for B-linked units: HPB
ISIN for B-linked units: ZAE000076808
("Hospitality")
RESULTS OF THE RIGHTS OFFER
Linked unitholders are referred to the rights offer to Hospitality linked
unitholders which closed on Friday, 12 November 2010 (the "rights offer") and
are advised that in respect of the 21 030 043 Hospitality A-linked units
("rights offer A-linked units") and in respect of the 21 030 043 Hospitality B-
linked units ("rights offer B-linked units") (collectively the "rights offer
linked units") which were offered, linked unitholders and/or their renouncees
applied for a total of 27 482 000 rights offer A-linked units (130.68%) and a
total of 25 454 891 rights offer B-linked units (121.04%) .
The applications included excess applications for 6 541 172 rights offer A-
linked units and 4 753 786 rights offer B-linked units of which 89 222 rights
offer A-linked units and 328 938 rights offer B-linked units will be allocated
equitably based on the number of linked units held by the linked unitholder
concerned and the number of excess linked units applied for, taking cognisance
of the number of linked units and rights held by the linked unitholder just
prior to such allocation, including those taken up as a result of the rights
offer, and the number of excess rights applied for by such linked unitholder.
Given that the rights offer was fully subscribed for, after taking into account
the applications received for excess rights offer linked units, the underwriters
comprising Coronation Asset Management (Proprietary) Limited, Stanlib Asset
Management Limited and Catalyst Fund Managers (Proprietary) Limited will not be
allocated any A-linked units or B-linked units pursuant to their underwriting
obligations.
Dematerialised linked unitholders who have subscribed for rights offer linked
units will have their accounts debited and updated by their CSDP/broker on
Monday, 15 November 2010. Certificated linked unitholders who have subscribed
for rights offer linked units will have certificates posted to them on
Wednesday, 17 November 2010.
Dematerialised linked unitholders who applied for excess rights offer linked
units will have the excess linked units allocated to them debited to their
accounts by their CSDP/broker on Wednesday, 17 November 2010. Certificated
linked unitholders who applied for excess rights offer linked units will have
certificates and/or refund cheques posted to them on or about Wednesday, 17
November 2010.
15 November 2010
Lead transaction sponsor and corporate advisor
Java Capital
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 15/11/2010 16:29:01 Produced by the JSE SENS Department.
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