FPT
FPT
FPT - Fountainhead - Announcement and Cautionary
Fountainhead Property Trust
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No.45 of 2002
(Registration number 1983/003324/06)
Share code: FPT
ISIN code: ZAE000097416
("Fountainhead")
Disposal by Standard Bank Properties (Pty) Limited ("SBP") and Liberty Holdings
Limited ("Liberty") of their interests in Fountainhead Property Trust Management
Limited ("Fountainhead Manco") and Cautionary Announcement
Unitholders of Fountainhead ("Unitholders") are advised that SBP and Liberty
have entered into an agreement for the disposal of their interests in
Fountainhead Manco, the asset manager of Fountainhead, to Redefine Properties
Limited ("Redefine"), subject to the approval of the Registrar of Collective
Investment Schemes, the Competition Authorities and the South African Reserve
Bank.
Unitholders are referred to the announcement released by Redefine simultaneously
with this announcement advising Redefine unitholders that:
1. Redefine has concluded an agreement with SBP and Liberty to acquire
Fountainhead Manco, which agreement is conditional on regulatory approvals;
and
2. subject to the acquisition of Fountainhead Manco, Redefine intends making
an offer to acquire all of the assets of Fountainhead in return for a
combination of Redefine units and units in Hyprop Investments Limited.
Accordingly, Unitholders are advised to exercise caution when dealing in their
Fountainhead units until such time as further announcements are made in this
regard.
Cape Town
30 March 2012
By order of the Board
Fountainhead Property Trust Management Limited
Sponsor
The Standard Bank of South Africa Limited
Date: 30/03/2012 12:01:01 Produced by the JSE SENS Department.
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