MUTUAL TERMINATION OF THE PROPOSED ACQUISITION BY FOUNTAINHEAD OF ACCESS PARK
FPT
MUTUAL TERMINATION OF THE PROPOSED ACQUISITION BY FOUNTAINHEAD OF ACCESS PARK
Fountainhead Property Trust
A Collective Investment Scheme in property registered in terms of the Collective Investment Schemes Control Act, No.45 of 2002 and managed by Fountainhead Property Trust Management Limited
(Registration number 1983/003324/06)
Share code: FPT
ISIN code: ZAE000097416
("Fountainhead")
MUTUAL TERMINATION OF THE PROPOSED ACQUISITION BY FOUNTAINHEAD OF ACCESS PARK
1. INTRODUCTION
Unitholders are referred to the announcement published on the Securities Exchange News Service of the JSE Limited (JSE) on Wednesday, 25 January 2011 (the January 2011 Announcement) relating to the proposed acquisition by Fountainhead of Access Park, namely erf 142906 Cape Town at Claremont in extent of 38,421sqm`s and erf 144388 Cape Town at Claremont in extent of 5,353sqm`s (the Proposed Transaction).
2. MUTUAL TERMINATION OF PROPOSED TRANSACTION
Unitholders are referred to the conditions precedent (Conditions Precedent) as set out in the January 2011 Announcement and are advised that due to the Conditions Precedent not having been fulfilled within the required time periods, the Proposed Transaction has been mutually terminated.
2 July 2012
Cape Town
Sponsor
The Standard Bank of South Africa Limited
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