DIA/DIB - Dipula Income Fund Limited - Dealings by directors` associates
DIA DIB
DIF
DIA/DIB - Dipula Income Fund Limited - Dealings by directors` associates
DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa
(Registration number 2005/013963/06)
JSE code for A-linked units: DIA
ISIN for A-linked units: ZAE000158317
JSE code for B-linked units: DIB
ISIN for B-linked units: ZAE000158325
("Dipula" or "the company")
DEALINGS BY DIRECTORS` ASSOCIATES
Linked unitholders are advised that, on 18 April 2012, Dijalo Property
Services (Pty) Ltd ("Dijalo") and Mergence Africa Properties (Pty) Ltd
("Mergence") concluded an agreement for the acquisition by a trust of the 50
000 000 Dipula B units owned by Redefine Properties Limited.
The Dipula B units will be acquired with effect from 1 June 2012 for an
aggregate consideration of R270 000 000. Mergence and Dijalo will be
beneficiaries of the trust and will each have a vested entitlement in up to
39.25% of the trust capital. The trust will also include broad based
beneficiaries.
Izak Peterson the CEO of Dipula is a director of and has a 38% beneficial
interest in Mergence. Saul Gumede, an executive director of Dipula, is a
director of and has a 40% beneficial interest in Dijalo.
The acquisition of the Dipula B units remains conditional on the registration
of the trust and the securing of the necessary funding for the purchase
consideration.
20 April 2012
Sponsor
Java Capital
Date: 20/04/2012 16:58:01 Produced by the JSE SENS Department.
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