Hyprop Investments Limited - Acquisition Of 80% Of Canal Walk Shopping Centre
("Canal Walk")
Hyprop Investments Limited
(Registration No. 1987/005284/06)
("Hyprop")
Share Code: HYP
ISIN No: ZAE00003430
ACQUISITION OF 80% OF CANAL WALK SHOPPING CENTRE ("CANAL WALK")
Java Capital is authorised to announce the results of the general meetings of
combined unitholders of Hyprop, held on 29 October 2003, convened in terms of
the notices of meetings contained in the Hyprop circular issued on 6 October
2003.
Combined unitholders representing 83,5% of Hyprop combined units in issue
attended the shareholders and debenture holders meetings (in person or by
proxy). 99,9% of Hyprop shareholders and debenture holders present (in person or
by proxy) and entitled to vote thereat, voted in favour of the acquisition of
Canal Walk and the other resolutions proposed at these general meetings.
The requisite majority of shareholders of Canal Walk Limited have voted in
favour of the conclusion and implementation of the disposal of Canal Walk in
terms of section 228 of the Companies Act.
Accordingly the agreement for the acquisition of Canal Walk is now
unconditional.
The immovable properties comprising Canal Walk will be transferred to Hyprop on
or about 31 October 2003.
Johannesburg
29 October 2003
Corporate advisors and sponsor to
Hyprop
Java Capital
Date: 29/10/2003 02:38:56 PM Produced by the JSE SENS Department
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