HYP - Hyprop Investments Limited - Correction to the audited results for the
HYP
HYP
HYP - Hyprop Investments Limited - Correction to the audited results for the
year ended 31 December 2011 and amount of distribution per combined unit
Hyprop Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1987/005284/06)
Share Code: HYP
ISIN: ZAE000003430
("Hyprop" or "the company")
CORRECTION TO THE AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011 AND AMOUNT
OF DISTRIBUTION PER COMBINED UNIT
Unitholders are referred to the audited results announcement released on SENS
this morning (Wednesday, 29 February 2012) and are advised of the following
corrections to the audited results:
- Hyprop`s RMB bridge loan facility, which is repayable within the next
twelve months, was reflected in long-term loans and should have been
included in short-term loans. The balance of this facility as at 31
December 2011 was R447.3 million. The effect of this reallocation on
Hyprop`s statement of financial position as at 31 December 2011 is that
long-term loans reduce from R 4.64 billion to R 4.19 billion and short-term
loans increase from R 900 million to R 1.35 billion. The reallocation has
no impact on Hyprop`s net asset value per combined unit and the audited
results posted to unitholders will reflect the correct classification; and
- Under the heading "PAYMENT OF DEBENTURE INTEREST" it was stated that
Distribution 49 for the four months ended 31 December 2011 will be 138
cents per combined unit. This is incorrect, Distribution 49 for the four
months ended 31 December 2011 will in fact be 137 cents per combined unit,
as stated elsewhere in the announcement.
29 February 2012
Sponsor
Java Capital
Date: 29/02/2012 13:00:03 Produced by the JSE SENS Department.
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