| Tue 12 Apr 2011, 15:47 | | FPT - Fountainhead Property Trust - Revised results of the rights offer |
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FPT
FPT
FPT - Fountainhead Property Trust - Revised results of the rights offer
Fountainhead Property Trust
JSE code: FPT
ISIN: ZAE000097416
("Fountainhead")
a portfolio forming part of the Fountainhead Property Trust Scheme ("the
Scheme"), a collective investment scheme in property established in terms of
the Collective Investment Schemes Control Act, No. 45 of 2002, as amended, and
managed by
Fountainhead Property Trust Management Limited
(Registration number 1983/003324/06)
REVISED RESULTS OF THE RIGHTS OFFER
1. Revised results of the Rights Offer
Fountainhead unitholders are referred to the announcement released on the
Securities Exchange News Service of the JSE Limited ("JSE") on 11 April 2011
in which the results of Fountainhead`s R1.0 billion rights offer (the "Rights
Offer") were announced.
The number of excess Rights Offer units applied for was incorrectly reported
and the revised results of the Rights Offer are set out in the table below.
Number of Rights % of Rights
Offer units Offer units
Rights Offer units available for 166 666 667 100.0
subscription
Rights Offer units subscribed for 161 208 229 96.7
Excess Rights Offer units applied for 55 830 154 33.5
Excess Rights Offer units available for 5 458 438 3.3
allocation
2. Excess applications
The excess Rights Offer units applied for will be allocated in a manner viewed
as equitable in terms of the Listings Requirements of the JSE, taking
cognisance of the number of units held by the unitholder, including those
taken up as a result of the Rights Offer, and the number of excess Rights
Offer units applied for by such unitholder.
Unit certificates and/or refund cheques will be posted to holders of
certificated units who have applied for excess Rights Offer units, on or about
Thursday, 14 April 2011.
The CSDP or broker accounts of holders of dematerialised units who have
applied for excess Rights Offer units, will be credited with the excess Rights
Offer units and debited with any payments due, on or about Thursday, 14 April
2011.
Johannesburg
12 April 2011
Investment bank and sponsor
Standard Bank
Independent sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Independent reporting accountants
KPMG Inc.
Legal adviser
Edward Nathan Sonnenbergs Inc.
Date: 12/04/2011 15:47:02 Produced by the JSE SENS Department.
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