AVENG LIMITED - Disposal of 70% of Avengs Industrial Property Profolio in a Sale and Leaseback Transaction
AEG 201509010035A
Disposal of 70% of Aveng’s Industrial Property Profolio in a Sale and Leaseback Transaction
Aveng Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")
Disposal of 70% of Aveng’s Industrial Property Profolio in a Sale and Leaseback Transaction (the
“Properties”) (“the Transaction”)
Aveng is pleased to announce that the disposal of 70% of Dimopoint (Pty) Ltd (Dimopoint), a special
purpose vehicle created for the purpose of holding certain properties and which is wholly owned by
Aveng Africa (Pty) Ltd (Aveng Africa), to Imbali Props 21 (Pty) Ltd (Imbali 21), an entity of the Collins
Property Group (Collins), has today been successfully concluded and settled.
The proceeds of R1.127 billion will be used to strengthen the financial position of the Group and to
reduce overall debt.
By order of the Board of Directors
Jet Park
1 September 2015
Corporate advisor
Nedbank Capital
Sponsor
J.P. Morgan Equities South Africa Proprietary Limited
Legal advisor
Norton Rose Fulbright Inc.
Competition attorneys
Baker & McKenzie
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