OASIS CRESCENT PROPERTY FUND - Acquisition Implemented
OAS 201606140048A
Acquisition Implemented
Oasis Crescent Property Fund
A property fund created under the Oasis Crescent Property Trust
Scheme registered in terms of the Collective Investment Schemes
Control Act (Act 45 of 2002) having REIT status with the JSE
Share code: OAS
ISIN: ZAE000074332
(“Oasis” or “the Fund”)
ACQUISITION IMPLEMENTED
1. Unitholders are referred to the Fund’s announcement dated
3 March 2016 (“the Announcement”), regarding the Fund’s
acquisition of a property referred to in the Announcement as
364 Victoria Road, from Oasis Crescent Property Company
Proprietary Limited (“OCPC”) (“Acquisition”).
2. The Fund is pleased to announce that all conditions precedent
to the Acquisition have been fulfilled and that registration
of transfer of the abovementioned property occurred at the
relevant Deeds Office on Monday, 13 June 2016.
3. As indicated in the Announcement, the purchase consideration
of R23 million is to be settled through the issue of Oasis
units to the seller. In this regard, it is confirmed that on
Monday, 13 June 2016 the Fund issued a total of 1 209 649 new
units to the seller at an issue price of 1 901.3773 cents per
unit.
4. As indicated in the Announcement, possession of the property
was taken by the Fund on 1 April 2016, from which date the
Fund has been entitled to every benefit arising from the
property and from which date the property was held by the Fund
at its risk.
14 June 2016
Cape Town
Designated advisor
PSG Capital Proprietary Limited
Date: 14/06/2016 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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