| Tue 22 Oct 2024, 15:30 | | SPEAR REIT LIMITED - Competition Authorities Approval Of Category 2 Disposal Of 100 Fairways, N1 City |
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Competition Authorities Approval Of Category 2 Disposal Of 100 Fairways, N1 City
SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
Approved as a REIT by the JSE
("Spear")
COMPETITION AUTHORITIES APPROVAL OF CATEGORY 2 DISPOSAL OF 100 FAIRWAYS, N1 CITY
Shareholders are referred to the announcement published on SENS on 21 June 2024 ("Announcement"),
regarding the disposal by Spear of the property known as Erf 23427 Parow, City of Cape Town, situated at
100 Fairway Close, Parow Golf Course, Cape Town ("Property"), and the rental enterprise conducted by
Spear on the Property, as a going concern ("Disposal").
As stated in the Announcement, the Disposal was subject to the approval of the applicable competition
authorities in terms of the Competition Act, No. 89 of 1998 ("Competition Authorities") ("Condition
Precedent"). Shareholders are advised that on 22 October 2024, the Competition Authorities unconditionally
approved the Disposal and that the Condition Precedent has now been fulfilled.
Accordingly, the Disposal has become unconditional and will be effective on the date of registration of transfer
of the Property, which is anticipated to be during the month of January 2025.
Cape Town
22 October 2024
Sponsor Legal Adviser
PSG Capital ENSafrica
Date: 22-10-2024 03:30:00
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