FREEDOM PROPERTY FUND LIMITED - FDP : Update on the disposal of properties by wholly owned subsidiaries
FDP : Update on the disposal of properties by wholly owned subsidiaries:
FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2012/129186/06
Share code: FDP
ISIN: ZAE000185260
("the Company")
UPDATE ON THE DISPOSAL OF PROPERTIES BY WHOLLY OWNED SUBSIDIARIES
Shareholders are referred to the announcement, dated 3 September 2019, which advised that
Zambesa Investments Proprietary Limited ("Zambesa") and Tubatse Estate Proprietary Limited
("Tubatse Estate"), which are wholly-owned subsidiaries of the Company, had entered into property
sale agreements with Cecilo Investments CC ("Cecilo") relating to the disposal by:
* Zambesa of 7 residential units plus 33 serviced stands in the sectional scheme known as
Tubatse Homes SS 758/2017 to Cecilo; and
* Tubatse Estate of the remaining extent of the Burgersfort Extension 40 Township situated at
Portion 6 of the farm Witgatboom 316
(collectively "the Disposals").
Shareholders are hereby advised that certain conditions precedent to the Disposals have not been
fulfilled within the timelines specified. Accordingly, the Company is currently not able to proceed
with the Disposals.
Paarl
23 September 2019
Sponsor and Corporate Advisor
Questco Corporate Advisory Proprietary Limited
Date: 23/09/2019 01:10:00
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