VIF - Result of the private placement of linked units by Vividend Income Fund
JSE
VIF
VIF - Result of the private placement of linked units by Vividend Income Fund
Limited
Vividend Income Fund Limited
Previously known as Business Venture Investments No 1381 (Proprietary) Limited
Incorporated in the Republic of South Africa
(Registration Number 2010/003232/06)
JSE Alpha Code: VIF
ISIN: ZAE000150918
("Vividend" or "the Company")
RESULT OF THE PRIVATE PLACEMENT OF LINKED UNITS BY VIVIDEND INCOME FUND LIMITED
The board of Vividend refers to its abridged prospectus, as published on 1
November 2010, relating to the private placement by the Company of linked units
at a subscription price of R5 per linked unit, to be listed in the "Real Estate
Holdings and Development" sector of the JSE Limited, subject to Vividend meeting
the minimum spread requirements of the JSE Limited and subject to Vividend
raising a minimum subscription amount of R500 000 000 from the private
placement.
The board is pleased to announce that the Company has achieved the requisite
spread of linked unitholders in terms of the Listings Requirements of the JSE
Limited and has raised a total amount of R523 835 465 from the private
placement.
Private placement applicants are hereby advised that they will receive the full
number of linked units for which applications were submitted.
The Company will accordingly list its linked units under the abbreviated name
"Vividend", JSE code "VIF" and ISIN ZAE000150918, with effect from the
commencement of business on Thursday, 18 November 2010.
Cape Town
16 November 2010
Corporate advisor and sponsor: PSG Capital (Proprietary) Limited
Legal adviser: Cliffe Dekker Hofmeyr Inc
Date: 16/11/2010 09:10:01 Produced by the JSE SENS Department.
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