HYPROP INVESTMENTS LIMITED - ACQUISITION OF AN ADDITIONAL 25,05% INTEREST IN THE
GLEN SHOPPING CENTRE (`The Glen`)
HYPROP INVESTMENTS LIMITED
(Registration No. 1987/005284/06)
Share code: HYP ISIN code: ZAE000003430
(the `company`)
ACQUISITION OF AN ADDITIONAL 25,05% INTEREST IN THE GLEN SHOPPING CENTRE (`The
Glen`)
Java Capital is authorised to announce the results of the general meetings of
shareholders and debenture holders of Hyprop, convened on 12 August 2004, in
terms of the notices of meetings contained in the Hyprop circular issued on 26
July 2004 in order to approve, inter alia, the acquisition by Hyprop of an
additional 25,05% interest in The Glen (`the acquisition`) with the result that
Hyprop will, after the acquisition, hold a 75,15% interest in The Glen.
All resolutions were unanimously passed.
Accordingly, the agreement for the acquisition is now unconditional and a
further undivided 25,05% share in the immovable properties comprising The Glen
will be transferred to Hyprop in due course.
Johannesburg
12 August 2004
Corporate and legal advisor and sponsor
Java Capital (Proprietary) Limited
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