| Mon 29 Nov 2004, 10:02 | | VUKILE - SALIENT DATES AND TIMES AND FURTHER CAUTI |
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VUKILE - SALIENT DATES AND TIMES AND FURTHER CAUTIONARY ANNOUNCEMENT
Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number 2002/027194/06
JSE code: VKE ISIN: ZAE000056370
(`Vukile`)
SALIENT DATES AND TIMES PERTAINING TO THE OFFER BY VUKILE TO ACQUIRE THE ENTIRE
ISSUED CAPITAL OF MICC PROPERTY INCOME FUND LIMITED AND FURTHER CAUTIONARY
ANNOUNCEMENT
1 Introduction
In an announcement dated 9 November 2004, Vukile unitholders were notified of
the details of Vukile`s intention to acquire the entire issued capital of MICC
Property Income Fund Limited (`MICC`) (`the transaction`). The transaction is
subject to the approval by the Vukile unitholders in general meeting and in this
regard, a circular containing details of the transaction and incorporating a
notice of general meeting has been posted to Vukile unitholders today.
Similarly, an offer document from Vukile to MICC unitholders containing
details of Vukile`s offer (`the offer`), which forms part of the transaction,
has been posted to MICC unitholders today.
2 Salient dates and times
2.1 Vukile unitholders
Set out below are the salient dates and times pertaining to the transaction as
they relate to Vukile unitholders:
2004
Circular posted to Vukile
unitholders on Monday, 29 November
Last day for receipt of forms
of proxy in respect of the general
meeting by no later than 10:00 on Friday, 10 December
General meeting to be held at
10:00 on Tuesday, 14 December
Results of general meeting released
on SENS on Tuesday, 14 December
Results of general meeting
published in the press on Wednesday, 15 December
New Vukile linked units listed
on the JSE on Monday, 20 December
2.2 MICC unitholders
Set out below are the salient dates and times pertaining to Vukile`s offer to
MICC unitholders:
2004
Offer opens at 09:00 on Monday, 29 November
Expected date offer is expected to
be declared unconditional on Tuesday, 14 December
Announcement released on SENS that
the offer has been declared
unconditional on Tuesday, 14 December
Announcement published in the press
that the offer has been declared
unconditional on Wednesday, 15 December
Certificated offerees who accept
the offer will have their offer
consideration posted from
(see note 2) Monday, 20 December
Dematerialised offerees who accept
the offer will have their accounts
at their CSDP/broker credited with
the offer consideration from
(see note 2) Monday, 20 December
Last day to trade in order to be
eligible to participate in the
offer on Thursday, 23 December
MICC linked units trade ex the
offer on Friday, 24 December
Offer closes at 12:00 on Friday, 31 December
Record date to be eligible to
participate in the offer on Friday, 31 December
2005
Results of the offer released on
SENS on (see note 3) Monday, 3 January
Results of the offer published in the
press on (see note 3) Tuesday, 4 January
Notes:
1 MICC unitholders may not dematerialise or rematerialise their MICC linked
units between Friday, 24 December 2004 and Friday, 31 December 2004, both days
inclusive.
2 The offer consideration will be posted within 5 business days of the
surrender of the documents of title following the announcement that the offer
has been declared unconditional, but only after the last day to trade for the
Vukile and MICC distributions for the six months ended 30 September 2004.
3 Should the offer be accepted by offerees holding 90% or more of the offer
linked units, Vukile will invoke the provisions of section 440K of the Companies
Act to compulsorily acquire the linked units from the offerees who did not
accept the offer. This will be announced with the announcement of the results
of the offer.
3 Vukile`s reviewed interim results and further cautionary announcement
It is Vukile`s intention to publish its maiden set of reviewed interim results
for the six months ended 30 September 2004 on or about 2 December 2004, which
announcement will include details of Vukile`s first distribution. Following
this announcement, Vukile will publish the financial effects of the transaction
based on these reviewed interim results. Until such time as these announcements
are published and the results of the offer are known, Vukile unitholders are
required to continue to exercise caution when dealing in their Vukile linked
units.
Johannesburg
29 November 2004
Financial advisor and sponsor
Bridge Capital
Legal advisor
Brink Cohen le Roux
Date: 29/11/2004 07:45:03 AM
Produced by the JSE SENS Department
