| Fri 9 Jul 2004, 14:04 | | SALIENT DATES AND TIMES AND DISTRIBUTION |
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HYPROP INVESTMENTS LIMITED - SALIENT DATES AND TIMES AND DISTRIBUTION
ANNOUNCEMENT
Hyprop Investments Limited
(Registration No. 1987/005284/06)
Share code: HYP ISIN code: ZAE000003430
(the `Hyprop` or `company`)
SALIENT DATES AND TIMES AND DISTRIBUTION ANNOUNCEMENT
Hyprop combined unitholders (`unitholders`) are referred to the announcement
published on SENS on 21 May 2004 (the `terms announcement`) regarding, inter
alia, the rights offer, related party acquisition and distribution.
1. RIGHTS OFFER
In the terms announcement, unitholders were advised that Hyprop was implementing
a rights offer in the ratio of 19 new Hyprop combined units for every 100 Hyprop
combined units held on the record date at a price of R13,50 per new combined
unit.
Set out below are the salient dates and times applicable to the rights offer:
2004
Last day to trade in Hyprop combined
units in order to participate in the
rights offer Friday, 16 July
Listing of letters of allocation on
the JSE Securities Exchange South Africa
(`JSE`) Monday, 19 July
Hyprop combined units commence trading
on the JSE ex-rights offer entitlement Monday, 19 July
Record date for determination of
unitholders entitled to participate
in the rights offer (initial record
date) Friday, 23 July
Rights offer opens at 09:00 on Monday, 26 July
Rights offer circular posted to Hyprop
unitholders and form of instruction
posted to certificated unitholders Monday, 26 July
Last day to trade letters of
allocation on the JSE Thursday, 5 August
Maximum number of rights units listed
and trading therein commences on the JSE Friday, 6 August
Rights offer closes at 12:00 on (see
note 1) Friday, 13 August
Record date for letters of allocation
(final record date) Friday, 13 August
New Hyprop rights units issued Monday, 16 August
Dematerialised unitholders` safe
custody accounts updated and
accounts debited by CSDP or broker, and
certificates posted to certificated
unitholders (in respect of the rights
units) Monday, 16 August
Results of rights offer announced on
SENS Monday, 16 August
Excess applications allocated to
dematerialised and certificated
unitholders Tuesday, 17 August
Refund cheques in respect of
unsuccessful excess applications
posted to certificated unitholders Tuesday, 17 August
Results of rights offer announced
in the press Tuesday, 17 August
Notes:
1. Dematerialised unitholders are required to inform their CSDP or broker of
their instructions in terms of the rights offer in the manner and time
stipulated in the agreement governing the relationship between the unitholder
and its CSDP or broker.
2. Combined unit certificates may not be dematerialised or rematerialised
between Monday, 19 July 2004 and Friday, 23 July 2004, both days inclusive.
Dematerialised unitholders will have their custody accounts at their CSDP
automatically credited with their rights and certificated unitholders will have
their rights credited to a custody account at Computershare Nominees (Pty)
Limited.
CSDPs effect payment in respect of dematerialised unitholders on a
deliveryversuspayment method.
2. THE ACQUISITION
The salient dates and times in respect of the related party acquisition by
Hyprop of an additional 25.05% interest in The Glen Shopping Centre are set out
below:
2004
Circular posted to Hyprop
unitholders Monday, 26 July
Last date for receipt of forms of
proxy for shareholders by 11:00 on Tuesday, 10 August
Last date for receipt of forms of
proxy for debenture holders by 11:30 on Tuesday, 10 August
General meeting of shareholders at
11:00 on Thursday, 12 August
General meeting of debenture holders
at 11:30 on Thursday, 12 August
Results of meetings published on SENS Thursday, 12 August
Results of meetings published in the
press Friday, 13 August
Notes:
The general meeting of debenture holders will be held at the time set out above,
provided that the general meeting of shareholders is timeously concluded or
adjourned. In the event that the general meeting of shareholders is not
timeously concluded or adjourned, then the general meeting of debenture holders
will commence immediately thereafter.
These dates and times may be changed at the instance of the company. Any changes
will be published on SENS and in the press.
3. DECLARATION OF DISTRIBUTION
At the annual general meeting of Hyprop, held on Tuesday, 29 June 2004,
shareholders and debenture holders approved all resolutions set out in the
notice of AGM, including the special resolution approving the declaration of a
distribution for the seven-month period ending 31 July 2004 (the
`distribution`).
The board of Hyprop has now approved a distribution of 89,0 cents per combined
unit, 77,0 cents of which is in respect of the six months ended 30 June 2004 and
12,0 cents of which is in respect of July 2004. Unitholders will accordingly
receive debenture interest payment no 33 of 88,81984 cents per debenture and
dividend payment no 33 of 0,18016 cents per share for the period 1 January 2004
to 31 July 2004. The distribution is based on actual results for the five months
ended 31 May 2004 and forecast results for June and July 2004. The salient dates
in relation to the distribution are set out below:
2004
Last day to trade cum distribution Friday, 16 July
Date combined units will trade ex
distribution Monday, 19 July
Record date for receipt of distribution Friday, 23 July
Payment date Monday, 26 July
Combined unitholders may not dematerialise or rematerialise their combined units
between Monday, 19 July 2004 and Friday, 23 July 2004, both days inclusive.
Johannesburg
9 July 2004
Corporate and legal advisor and sponsor
Java Capital (Proprietary) Limited
Date: 09/07/2004 01:45:58 PM Produced by the JSE SENS Department
