| Tue 14 Dec 2004, 16:51 | | RESULTS OF GENERAL MEETING OFFER TO MICC PROPERTY |
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VUKILE PROPERTY FUND LIMITED - RESULTS OF GENERAL MEETING OFFER TO MICC PROPERTY
INCOME FUND LIMITED UNITHOLDERS UNCONDITIONAL
Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number 2002/027194/06
JSE code: VKE
ISIN: ZAE000056370
(`Vukile`)
RESULTS OF GENERAL MEETING OFFER TO MICC PROPERTY INCOME FUND LIMITED
UNITHOLDERS UNCONDITIONAL
Vukile and MICC unitholders are referred to the announcements dated 7 September,
22 October and 8 November 2004 published by Vukile, regarding, inter alia:
* the proposed acquisition by Vukile of a 17.6% interest in MICC Property
Income Fund Limited (`MICC`) (`the Sanlam acquisition`); and
* the proposed offer by Vukile to acquire the entire issued capital of MICC,
other than the MICC linked units already acquired in terms of the Sanlam
acquisition (`the offer`).
In this regard, Vukile and MICC unitholders are notified that at the general
meeting of Vukile unitholders held today, the Vukile unitholders unanimously
approved, inter alia, the Sanlam acquisition and the offer. As these approvals
were the only outstanding conditions precedent, Vukile has now acquired the
17.6% interest in MICC and the offer is now unconditional.
MICC unitholders are reminded of the following salient dates and times
pertaining to the offer:
2004
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
Record date to be eligible to
participate in the offer on Friday, 31 December
Offer closes at 12:00 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. Payment of the offer consideration will be
effected on the following dates: Friday, 24 December 2004, Friday, 31 December
2004 and Friday, 7 January 2005.
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.
Johannesburg
14 December 2004
Financial advisor and sponsor
Bridge Capital Services (Pty) Limited
Legal advisor
Brink Cohen Le Roux Inc
