Hyprop Investments Limited - Update On Offer To Unitholders Of Sa Retail
Properties Limited (`Sa Retail`)
Hyprop Investments Limited(Registration No. 1987/005284/06)
Share code: HYP ISIN code: ZAE000003430
(the `Hyprop` or `company`)
UPDATE ON OFFER TO UNITHOLDERS OF SA RETAIL PROPERTIES LIMITED (`SA RETAIL`)Hyprop combined unitholders are advised that the general meetings of Hyprop
shareholders and Hyprop debenture holders convened for the purpose of securing
the requisite approvals from Hyprop unitholders for Hyprop to make the offer to
SA Retail unitholders were adjourned prior to the resolutions being put to therelevant meetings.
Certain Hyprop unitholders have expressed concern that Hyprop may not be
successful in acquiring a controlling interest in SA Retail and advised that
Hyprop`s prospects of achieving a controlling interest in SA Retail mayinfluence the basis upon which such unitholders exercise their votes on the SA
Retail transaction. The meetings were adjourned to enable the board to
investigate the matter and report back to shareholders and debenture holders at
the adjourned meetings.The time, date and place of the adjourned meetings will be announced over SENS
and in the press during the course of next week.
Johannesburg
22 June 2005Sponsor
Java Capital (Proprietary) LimitedDate: 22/06/2005 04:27:32 PM Produced by the JSE SENS Department
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