ARROWHEAD PROPERTIES LIMITED - Concclusion of Non-binding Memorandum of Understanding
AWA AWB 201301250004A
Concclusion of Non-binding Memorandum of Understanding
ARROWHEAD PROPERTIES LIMITED
(formerly Nervada Trading 13 (Proprietary) Limited)
(Registration number 2011/000308/06)
JSE code: AWA ISIN: ZAE000158101
JSE code: AWB ISIN: ZAE000158119
(“Arrowhead” or the “company”)
CONCLUSION OF NON-BINDING MEMORANDUM OF UNDERSTANDING
Linked unitholders are advised that Arrowhead has entered into a non-binding memorandum of understanding with
Matreal Property Services (Proprietary) Limited (“Matreal”) to acquire all of the shares in and shareholder loans
against Indite Property Fund Limited (“Indite”) from Matreal (the “proposed acquisition”).
The proposed acquisition forms part of Arrowhead’s growth and broader Black Economic Empowerment strategies,
aligning the company with the SA Property Charter.
Indite’s property portfolio consists of 6 buildings with an aggregate gross lettable area of 17 972 metres squared
located in Gauteng, the Free State, Kwa Zulu Natal and the North West Province.
Upon the implementation of the proposed acquisition, Arrowhead intends transferring its government tenanted
buildings into the Indite portfolio which will be externally managed by a 100% black-owned asset manager, Indite
Asset Management (Proprietary) Limited. This will enable Indite to enter into longer term leases with Government.
A further and full announcement will be released on SENS and published in the press upon the conclusion of binding
written agreements in respect of the proposed acquisition.
25 January 2013
Sponsor
Java Capital
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