SA Corporate Real Estate Fund - Voluntary announcement regarding the sale of
SAC
SAC
SA Corporate Real Estate Fund - Voluntary announcement regarding the sale of
SA Corporate`s stake in Oryx Properties Limited
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the
Collective Investment Schemes Control Act, No. 45 of 2002 and managed by SA
Corporate Real Estate Fund Managers Limited (Registration number
1994/009895/06)
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")
VOLUNTARY ANNOUNCEMENT REGARDING THE SALE OF SA CORPORATE`S STAKE IN ORYX
PROPERTIES LIMITED ("ORYX")
SA Corporate unitholders are advised that SA Corporate has entered into an
agreement ("the agreement") with TLP Investments One Three Seven
(Proprietary) Limited ("TLP Investments"), whereby TLP Investments will
acquire the total holding of SA Corporate in Oryx, representing 14 019 055
Oryx linked units ("the transaction"). The units will be acquired on 31
January 2012 at a price of N$13.20 per unit, with a total consideration of
N$185 051 526.
The transaction is subject to various suspensive conditions as stipulated in
the agreement. Unit holders are also advised that Mr Len van Niekerk
(Managing Director of SA Corporate) is a non-executive director of Oryx.
It should be noted that the value of the transaction for SA Corporate is less
than 5% of SA Corporate`s market capitalisation and accordingly this
announcement is made voluntarily.
11 January 2012
Cape Town
Investment bank and sponsor
Nedbank Capital
Date: 11/01/2012 13:30:01 Produced by the JSE SENS Department.
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