A-prop - Confirmation Of Registration Of Propertie
Arnold Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/011887/06)
Share code: ARP ISIN: ZAE000031720
("A-Prop")
CONFIRMATION OF REGISTRATION OF PROPERTIES
Further to the announcements published in the press on 16 August 2001 and
28 August 2001, investors and other interested parties are advised that
properties numbered 52 and 54 as set out in Appendix I to the Prospectus
dated 20 July 2001, being portion of Erf 28 Matatiele and Lots 120 and 429
Nongoma, have been transferred into the name of Shay Properties 1
(Proprietary) Limited ("Shay Prop"), a wholly-owned subsidiary of A-Prop.
Whilst payment for the above properties only took place on transfer of
these properties, being 14 December 2001, economic effect was given to their
acquisition from the listing date of the balance of the portfolio, being 30
August 2001, and as such there was no dilution of earnings or other
financial effects on A-Prop. The 5 945 650 linked units to be issued in
respect of the above properties, ranked for distribution from the date of
listing but will only be issued and listed on the JSE on 29 January 2002.
Shareholders are reminded that property numbered 53 as set out in
Appendix I to the Prospectus dated 20 July 2001, being Sub 1 of Lots 22, 23
and 24 Nqutu Township ("the remaining property") was deferred pending the
completion of certain administrative procedures. A-Prop is awaiting a
confirmatory Order of Court before taking transfer of the remaining
property, which is expected to be March 2002. An announcement will be made
on SENS and in the press upon confirmation of transfer of the remaining
property into the name of Shay Prop.
Johannesburg
28 January 2002
Corporate advisor to listing
BOE Merchant Bank
A Division of BOE Bank Limited
Co. Reg. No. 1951/000847/06
Financial advisor
Fusion Capital
Registration number 1996/012154/07)
Attorneys
Webber Wentzel Bowens
Sponsor
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/012240/07
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
