| Fri 23 Sep 2011, 10:57 | | HYP/HYPC - Hyprop Investments Limited - Notice of special distribution and |
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HYP HYPC
HYP
HYP/HYPC - Hyprop Investments Limited - Notice of special distribution and
conversion of Hyprop convertible units
Hyprop Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1987/005284/06)
Share Code: HYP
ISIN Code: ZAE000003430
Share Code: HYPC
ISIN Code: ZAE000158911
("Hyprop")
NOTICE OF SPECIAL DISTRIBUTION AND CONVERSION OF HYPROP CONVERTIBLE UNITS
Combined unitholders are referred to previous announcements relating to the
acquisition by Hyprop of 100% of the shares in Attfund Retail Limited with
effect from 1 September 2011 (the "Attfund Retail acquisition").
As previously advised, Hyprop will pay combined unitholders a special
distribution (the "special distribution") for the two month period from 1
July 2011 to 31 August 2011. The special distribution shall be an amount of
65 cents per Hyprop combined unit. The 92 million Hyprop convertible units
issued as part of the consideration for the Attfund Retail acquisition will
not participate in the special distribution but convert (the "conversion")
into Hyprop combined units immediately after the Record Date for
participation in the special distribution in the ratio of 1 Hyprop combined
unit for every convertible instrument held.
The salient dates for the special distribution and the conversion are
detailed below:
2011
Last day to trade Hyprop combined units cum the Friday, 7 October
special distribution
Last day to trade Hyprop convertible units Friday, 7 October
Hyprop combined units trade ex the special Monday, 10 October
distribution
Hyprop convertible units suspended on the JSE trading Monday, 10 October
system
Listing of new Hyprop combined units to be issued Monday, 10 October
pursuant to the conversion
Record date for the special distribution Friday, 14 October
Record date for the conversion Friday, 14 October
Payment date for the special distribution Monday, 17 October
New Hyprop combined units issued on conversion of Monday, 17 October
convertible units
Unitholders may not dematerialise or rematerialise their combined units
between Monday, 10 October 2011 and Friday, 14 October 2011, both days
inclusive.
23 September 2011
Sponsor
Java Capital
Date: 23/09/2011 10:57:01 Produced by the JSE SENS Department.
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