ASCENSION PROPERTIES LIMITED - Further cautionary in respect of the relisting of the Ascension B shares and cautionary in respect of acquisition
AIA 201607010027A
Further cautionary in respect of the relisting of the Ascension B shares and cautionary in respect of acquisition
ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code: AIA ISIN: ZAE000204566
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)
FURTHER CAUTIONARY ANNOUNCEMENTS IN RESPECT OF THE RELISTING OF THE ASCENSION
B SHARES AND IN RESPECT OF THE PROPOSED ACQUISITION
Further to the cautionary announcements released on SENS in respect of the relisting of the Ascension B shares and the
proposed acquisition, the last of which was released on SENS on 19 May 2016 wherein Ascension A shareholders were
advised that the company had received in principle approval from the JSE for the relisting of the Ascension B shares in
the Diversified REITs sector of the JSE once the company has achieved a sufficient shareholder spread in Ascension’s B
shares.
Ascension remains in the advanced stages of negotiation with Mutodo Properties Proprietary Limited to acquire a
property letting enterprise (together with the property situated at 66 Jorrisen Street, Johannesburg), which acquisition,
should same be agreed, may have a material effect on the price of the company’s securities. The acquisition also is
intended to facilitate Ascension achieving sufficient shareholder spread in Ascension’s B shares in order to relist the
Ascension B shares.
The acquisition will constitute a category 2 transaction for the purposes of the JSE Listings Requirements. Upon binding
transaction agreements being executed a full announcement regarding the acquisition will be made.
Ascension A shareholders are advised to continue to exercise caution when dealing in the company’s securities until a
further announcement in this regard is made.
1 July 2016
Sponsor
Java Capital
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