DELTA PROPERTY FUND LIMITED - Cancellation of proposed disposal of Beaconsfield property
Cancellation of proposed disposal of Beaconsfield property
DELTA PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
JSE share code: DLT
ISIN: ZAE000194049
(Approved as a REIT by the JSE)
("Delta" or the “Company”)
CANCELLATION OF PROPOSED DISPOSAL OF BEACONSFIELD PROPERTY
Shareholders are referred to the announcement released on SENS on 13 December 2022 in which the Company
advised that it had entered into an agreement with Dino & Lambro Investments CC (“Purchaser”) to dispose of the
property situated at 28 Central Road, Kimberley, together with all the buildings and improvements thereon, as more
commonly known as “Beaconsfield” (the “Property”), for a cash consideration of R22.1 million (the “Disposal
Consideration”).
In this regard, shareholders are advised that the agreement entered into with Dino & Lambro has been cancelled due
to the Purchaser’s inability to meet their obligations relating to the Disposal Consideration (as advised by the Purchaser)
and the Disposal will no longer proceed.
The Company will continue to market and seek a buyer for the Property.
Johannesburg
17 January 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 17-01-2023 08:30:00
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