GROWTHPOINT PROPERTIES LIMITED - Update on the out
GROWTHPOINT PROPERTIES LIMITED - Update on the out 27 Feb 2015
GRT ACP 201502270033A
Update on the outstanding conditions precedent to the Scheme of Arrangement between Acucap and its Shareholders
Acucap Properties Limited Growthpoint Properties Limited
Approved as a REIT by the JSE Approved as a REIT by the JSE
Incorporated in the Republic of South Africa Incorporated in the Republic of South Africa
Registration number 2001/021725/06 Registration number 1987/004988/06
Share code: ACP ISIN: ZAE000188660 Share code: GRT ISIN ZAE000179420
(“Acucap”) (“Growthpoint”)
FURTHER UPDATE ON THE OUTSTANDING CONDITIONS PRECEDENT TO THE SCHEME OF
ARRANGEMENT BETWEEN ACUCAP AND ITS SHAREHOLDERS IN TERMS OF WHICH
GROWTHPOINT WILL ACQUIRE THE REMAINING SHARES IN ACUCAP THAT IT DOES NOT
ALREADY OWN (“SCHEME”)
Acucap and Growthpoint shareholders are referred to the joint announcement released on SENS on
16 February 2015, wherein the remaining conditions precedent to the Scheme were disclosed.
The Competition Commission has recommended to the Competition Tribunal that the transaction
between Acucap and Growthpoint be approved without conditions. The Competition Tribunal hearing
is expected to occur in the second week of March. As such, the conditions precedent to the Scheme,
being the approval of the Scheme by the Competition Authorities and the issue of a compliance
certificate by the Takeover Regulation Panel, remain outstanding and as a result the Scheme is not
yet effective.
Shareholders of Acucap and Growthpoint will be informed in due course as to when all conditions
precedent to the Scheme have been fulfilled.
Johannesburg
27 February 2015
CORPORATE ADVISOR AND SPONSOR TO ACUCAP
QUESTCO
COMPETITION LAW ADVISOR TO ACUCAP
BAKER MCKENZIE
CORPORATE ADVISOR AND SPONSOR TO GROWTHPOINT
INVESTEC
LEGAL AND COMPETITION LAW ADVISOR TO GROWTHPOINT
GLYN MARAIS INC
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