HYPROP INVESTMENTS LIMITED - Acquisition of Somerset Mall
HYP 201310010046A
Acquisition of Somerset Mall
HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
Share code: HYP ISIN: ZAE000003430
(Approved as a REIT by the JSE)
(“Hyprop”)
ACQUISITION OF SOMERSET MALL
Unitholders are referred to the previous announcements published on SENS advising that Hyprop and
Sycom Property Fund (“Sycom”), through its manager, Sycom Property Fund Managers Limited (“SPFM”),
had concluded an agreement in terms of which Hyprop would acquire 100% of Somerset Mall Shopping
Centre (“Somerset Mall”) for R2.3 billion on the basis that the full purchase consideration would be settled
by Hyprop transferring 81 500 000 Sycom units to SPFM (“the transaction”).
Unitholders are advised that the transaction became unconditional on 1 October 2013. Hyprop has
accordingly acquired registered and beneficial ownership of Somerset Mall and discharged the purchase
consideration through the transfer of 81 500 000 Sycom units to SPFM.
1 October 2013
Corporate advisor, legal adviser and sponsor
Java Capital
Date: 01/10/2013 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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