FPT - Fountainhead Property Trust - Update on prop
FPT
FPT
FPT - Fountainhead Property Trust - Update on proposed transaction and
further cautionary announcement
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")
Update on proposed transaction and further cautionary announcement
Unitholders of Fountainhead ("Unitholders") are referred to the announcement
dated 30 March 2012 regarding the acquisition by Redefine Properties Limited
("Redefine") of the management company ("Manco") of Fountainhead, and the
renewal of cautionary announcement dated 10 May 2012.
Unitholders are further referred to the Redefine announcement released
earlier today whereby linked unitholders of Redefine were advised that the
Registrar of Collective Investment Schemes has, subject to the approval of
the Competition Commission and the South African Reserve Bank, granted
approval for Redefine to acquire control of the Manco.
The acquisition of the Manco therefore remains conditional on the approval of
the Competition Commission and the South African Reserve Bank.
Unitholders are accordingly advised to continue to exercise caution when
dealing in their Fountainhead units until such time as further announcements
are made in this regard.
Cape Town
15 June 2012
By order of the Board
Fountainhead Property Trust Management Limited
Sponsor
The Standard Bank of South Africa Limited
Date: 15/06/2012 12:16:01 Produced by the JSE SENS Department.
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