Hyprop Investments Limited - Results Of Rights Offer
Hyprop Investments Limited
(Registration No. 1987/005284/06)
Share code: HYP ISIN code: ZAE000003430
(the `Hyprop`)
RESULTS OF RIGHTS OFFER
Further to the announcement published on SENS on 21 May 2004 which set out the
terms and conditions of the rights offer by Hyprop of 18 621 744 new Hyprop
combined units (`rights units`) at a price of R13,50 per unit, Java Capital is
authorised to announce that combined unitholders and/or their renouncees
subscribed for 18 328 534 rights units (amounting to 98.43% of the rights units)
by the close of the rights offer on Friday, 13 August 2004.
In addition, excess applications were received in respect of 7 169 066 rights
units. Only 293 210 rights units are available for allocation in respect of the
excess applications. Such excess applications have been allocated on the basis
that any excess rights units available have been allocated to applicants pro
rata to such applications resulting in those who applied for excess applications
receiving 4.09% of their applications.
Dematerialised unitholders will have their custody accounts credited with the
combined units subscribed for in terms of the rights offer and certificates will
be posted to certificated unitholders on Monday, 16 August 2004. Refund cheques
in respect of unsuccessful excess applications will be posted to certificated
unitholders on Tuesday, 17 August 2004.
Johannesburg
16 August 2004
Corporate advisor
Legal advisor
Sponsor
Java Capital (Proprietary) Limited
Reporting accountants and auditors
Grant Thornton Chartered Accountants (SA)
Date: 16/08/2004 04:11:02 PM
Produced by the JSE SENS Department
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