| Thu 1 Dec 2011, 16:26 | | HPA/HPB - Hospitality Property Fund Limited - Dealings in securities by an |
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HPA HPB
HPA
HPA/HPB - Hospitality Property Fund Limited - Dealings in securities by an
associate of a Director
HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
Share code for A linked units: HPA
ISIN for A linked units: ZAE000076790
Share code of B linked units: HPB
ISIN for B linked units: ZAE000076808
("Hospitality")
DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR
In terms of the Listings Requirements of the JSE Limited, the following
information, relating to the dealings in securities by directors, is disclosed:
Director: M B Madumise and G A Nelson, who are directors and
indirect shareholders of Nobuntu Investments (Pty)
Ltd, the entity (associate) which is part of the
transaction#
Company: Hospitality
Date of transaction: 29 November 2011
Nature of transaction: Sale of securities
Transaction completed: On market
Class of securities: HPA linked units
Number of securities sold: 5 000 000 HPA#
Sale price: R12.65 per HPA
Value of transaction: R63,250,000.00
Nature of interest: Indirect beneficial
* Nobuntu Investments (Pty) Ltd ("Nobuntu"), is a Hospitality empowerment
investment structure. As a consequence of the imminent expiry of the structure`s
lending arrangement with Absa Bank Limited ("Absa"), the shareholders of Nobuntu
agreed with Absa, to facilitate the sale of the 5 000 000 HPA linked units owned
by Nobuntu. The proceeds from the sale will be used foremost to settle
Nobuntu`s indebtedness to Absa.
# M B Madumise and G A Nelson have indirect interests in Nobuntu amounting to
10,58% and 6,05% respectively.
Johannesburg
1 December 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/12/2011 16:26:22 Produced by the JSE SENS Department.
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