SHAREHOLDER UPDATE ON THE DISPOSAL BY BONATLA OF I
BONATLA PROPERTY HOLDINGS LIMITED - SHAREHOLDER UPDATE ON THE DISPOSAL BY
BONATLA OF ITS ENTIRE PROPERTY PORTFOLIO
BONATLA PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/014533/06)
Share code: BNT ISIN: ZAE000013694
("Bonatla")
SHAREHOLDER UPDATE ON THE DISPOSAL BY BONATLA OF ITS ENTIRE PROPERTY
PORTFOLIO ("the disposal")
Further to the circular to Bonatla shareholders dated 15 July
2003 and the results of general meeting announcement dated 6 August
2003 which confirmed that the disposal, with the exception of one
property, was unanimously approved by shareholders, the board of
directors of Bonatla wishes to advise shareholders of the following:
* Competition Commission approval for the disposal has been
obtained; and
* All guarantees relating to the properties to be transferred, have
been obtained and are in place.
The property transfers have unfortunately been delayed as a result
of the municipal authorities being unable to timeously furnish the
necessary clearance certificates required to effect the Deeds Office
transfers.
It is anticipated that the property transfers will be effected on or
about 30 November 2003, at which time a revised salient dates
announcement will be released on the Securities Exchange News
Service and in the press.
Wierda Valley
16 October 2003
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Date: 16/10/2003 03:26:30 PM Supplied by www.sharenet.co.za
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