HPA/HPB - Hospitality Property Fund Limited - Cautionary announcement
HPA HPB
HPA
HPA/HPB - Hospitality Property Fund Limited - Cautionary announcement
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 for B-linked units: HPB
ISIN for B-linked units: ZAE000076808
("Hospitality")
CAUTIONARY ANNOUNCEMENT
Unitholders were advised in Hospitality`s 2011 Integrated Report that the
group`s current debt facility with Absa Bank Limited ("Absa") of
approximately R1.35 billion expires in February 2012. Hospitality is still
in discussions with Absa and other funders regarding the re-financing of
this facility. It is likely that any re-financing will require Hospitality
to undertake a rights offer during the first half of 2012 in order to reduce
its gearing levels. A further announcement in this regard will be made in
due course and unitholders are advised to exercise caution when dealing in
their Hospitality linked units until such announcement is made.
Johannesburg
23 January 2012
Corporate advisor
Java Capital
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 23/01/2012 07:05:12 Produced by the JSE SENS Department.
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