FFA / FFB - Fortress Income Fund Limited - Acquisition of linked units in
FFA FFB
FORT
FFA / FFB - Fortress Income Fund Limited - Acquisition of linked units in
Fortress by BEE company
FORTRESS INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2009/016487/06
Share codes: FFA ISIN: ZAE000141313
FFB ISIN: ZAE000141321
("Fortress")
ACQUISITION OF LINKED UNITS IN FORTRESS BY BEE COMPANY
Linked unitholders are advised that Amber Peek Investments (Proprietary) Limited
(the "BEE company") has acquired 37 million "A" linked units ("FFA units") and
10,25 million "B" linked units ("FFB units")in Fortress, comprising 16% of FFA
units and 4,4% of FFB units in issue.
The BEE company is effectively 100% black-owned, including the 48% shareholding
held by The Siyakha Education Trust ("Siyakha"), a trust established exclusively
for the benefit of black education in South Africa. Siyakha recently acquired
the 18% interest in the BEE company previously held by RCG Trade and Finance
(Pty) Ltd.
The BEE company acquired the FFA and FFB units for an aggregate price of R428,3
million, funded with bank debt in an amount of R200 million and a loan from
Fortress in an amount of R228,3 million. The Fortress loan is in accordance with
the authority granted by Fortress unitholders by special resolution approved at
the annual general meeting of Fortress on 27 October 2010.
21 April 2011
Sponsor
Java Capital
Date: 21/04/2011 15:08:19 Produced by the JSE SENS Department.
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