|
Ambit Properties Limited - Completion Of Property Transfers
Ambit Properties Limited
(previously Whirlprops 36 Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2001/007003/06)
(Share Code: ABT ISIN Code:ZAE000051645)
("Ambit")
COMPLETION OF PROPERTY TRANSFERS
1. INTRODUCTION
Further to the abridged pre-listing statement published on 12 January 2004
and the commencement of listing announcement published on 4 February 2004, Ambit
announces that all the properties set out in the prospectus have now been
transferred.
2. TRANSFER OF PROPERTIES
At listing date 22 properties with a value of R453,15 million were
transferred and the conveyancing process on the balance of the portfolio was in
hand. The outstanding 12 properties with a value of R55,20 million have now
been transferred, the details of which are as follows:
Property Value Transfer date Units Issued
(Rand)
PMI - Carletonville 1 800 000 10 February 2004 505 263
PMI - Springs 3 700 000 10 February 2004 1 038 597
PMI - East London 10 000 000 11 February 2004 2 807 018
Martprop - Puffins 6 650 000 11 February 2004 Nil
Investments
PMI - Kimberley 3 900 000 20 February 2004 1 094 736
Trunawth : 6 100 000 26 February 2004 1 050 000
Voortrekker Road,
Parrow
Adderley Street, Cape
Town
Main Road, Claremont
Martprop - Nicator 6 750 000 27 February 2004 Nil
Investments
Martprop - Entypor 7 200 000 27 February 2004 Nil
PMI - Mitchells Plain 3 500 000 9 March 2004 982 456
PMI - Montague 5 600 000 19 March 2004 1 571 930
Gardens
55 200 000 9 050 000
All the outstanding 9 050 000 units to be issued to vendors relating to
these transfers have been issued. The balance of the purchase price was settled
by way of cash in accordance with the prospectus.
All units have been issued at 200 cents and rank pari passu as to
distribution for the period from 4th February 2004 to 30th September 2004.
Notwithstanding the dates of transfer Ambit has received income from these
properties from listing date to provide for this distribution.
3. PROFIT FORECAST
The profit forecast as set out in the abridged pre-listing statement
published on 12 January 2004, forecasting a distribution of 16,0 cents per
linked unit for the eight-month period ending 30 September 2004 is therefore
unchanged despite the delay in transfers. This equates into an annualised yield
of 12,0%.
Similarly the profit forecast for the 12-month period ending 21 January
2005 of 25,49 cents per linked unit (equating to an annualised rate of 12,75%)
is also unchanged.
4. UNITS IN ISSUE
At the date of this announcement Ambit has 158 327 490 units in issue.
Sandton
23 March 2004
JOINT MERCHANT BANKS
Marriott Merchant Bank ABSA Corporate & Merchant
Limited Bank
SPONSOR
Exchange Sponsors (Proprietary) Limited
Date: 23/03/2004 11:23:24 AM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
