RBA - RBA Holdings Limited - Acquisition of properties for investment purposes
RBA
RBA
RBA - RBA Holdings Limited - Acquisition of properties for investment purposes
and cautionary announcement
RBA Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/009701/06)
(JSE code: RBA ISIN: ZAE000104154
("RBA" or "the company")
ACQUISITION OF PROPERTIES FOR INVESTMENT PURPOSES AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that a wholly owned subsidiary of RBA has entered into
an agreement on 16 May 2011 with Double D & G Building Contractors CC for the
acquisition of properties for an amount of R84.17 million including VAT. The
properties comprise of tenanted sectional title units and single quarters which
will be held as investment stock. The properties are located in the towns of
Cashan Extension 19 and Waterval East Extension 14 of Rustenburg respectively.
The agreement is subject to various conditions precedent which are customary in
transactions of this nature, inter alia the granting of a loan from a registered
credit provider within 21 days from date of signature of the agreement and
approval by the shareholders of the company. Once the loan has been granted, a
detailed announcement will be made containing the full financial effects.
Shareholders are advised to exercise caution in dealing with their RBA shares
until such further announcement is made.
20 May 2011
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 20/05/2011 14:49:01 Produced by the JSE SENS Department.
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