INGENUITY PROPERTY INVESTMENTS LTD - Termination of agreement for the acquisition of a property
ING 201509110047A
Termination of agreement for the acquisition of a property
INGENUITY PROPERTY INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/018084/06)
ISIN: ZAE 000127411 JSE share code: ING
(“Ingenuity” or “the Company”)
TERMINATION OF OFFER FOR THE ACQUISITION OF A PROPERTY
Ingenuity shareholders are referred to the announcement released on SENS on 17 August 2015
regarding the offer to purchase 75% of the rental enterprise, including its improvements and leases,
in respect of Erf 16472, Knysna, Western Cape situated at Main Road, Knysna and known as Knysna
Mall (“the Acquisition”).
As set out in the aforementioned announcement, the Acquisition was subject to certain conditions
precedent. Ingenuity now advises that it was not satisfied with the results of its due diligence
investigation.
The Company has therefore decided not to proceed with the Acquisition and the offer therefore
lapses.
11 September 2015
Cape Town
Investment Bank and Sponsor
Nedbank CIB
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