RBA HOLDINGS LIMITED - Update on acquisition of properties
RBA 201305020041A
Update on acquisition of properties
RBA Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/009701/06)
(JSE code: RBA ISIN: ZAE000104154
(RBA or the company)
UPDATE ON ACQUISITION OF PROPERTIES FOR DEVELOPMENT PURPOSES
On 15 April 2013 shareholders were advised that a wholly owned subsidiary of RBA, namely
RBA Developments (Tshwane) (Pty) Ltd (the Purchaser) had entered into an agreement with
the Clayville Garden City Housing Company Proprietary Limited (the Seller) for the
acquisition of nine properties in Clayville Extension 28 Township for purposes of developing
affordable housing (the acquisition).
Shareholders were further advised that the agreement was subject to the Purchaser being
granted a loan on or before 1 May 2013 of an amount of not less than the purchase price,
plus a further loan facility for the payment of VAT payable on the purchase price.
The agreement makes provision for an extension of time to obtain finance and such an
extension has been obtained from the Seller until 1 June 2013.
2 May 2013
Johannesburg
Designated Adviser
Exchange Sponsors
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