FREEDOM PROPERTY FUND LIMITED - Disposal By Subsidiary
FDP 201609050048A
Disposal By Subsidiary
Freedom Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/129186/06)
Share code: FDP
ISIN: ZAE000185260
(“Freedom” or the “Company” or the “Group”)
DISPOSAL OF PORTION 18 OF FARM 799 BY FREEDOM’S WHOLLY OWNED SUBSIDIARY, CLEAR
CREAK TRADING 145 PROPRIETARY LIMITED
Shareholders are referred to the announcement released by Freedom on the
Securities Exchange News Service of JSE Limited on 11 July 2016, wherein it was
advised that a wholly owned subsidiary of Freedom, Clear Creek Trading 145
Proprietary Limited (the “Seller”), had entered into a sale agreement (the “Second
Sale Agreement”) with Garvin Investments Holdings Proprietary Limited (the
“Purchaser”) whereby the Purchaser had offered to acquire Portion 18 of Farm 799
(the “Property”) from the Seller for R15,000,000 (fifteen million Rand) plus
valued added tax, if applicable.
Shareholders are hereby advised that the conditions precedent to the Second Sale
Agreement were not fulfilled by the requisite dates and hence that the transfer
of the Property into the name of the Purchaser did not take place.
Johannesburg
5 September 2016
Sponsor
Bravura Capital Proprietary Limited
Date: 05/09/2016 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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