Hyprop - Update On Offer To Unitholders Of SA Retail Properties Limited
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 referred to the announcement published on SENSon 22 June 2005 wherein unitholders were 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 putto the relevant meetings.
The meetings were adjourned to enable the board to further investigate Hyprop`s
prospects of achieving a controlling interest in SA Retail, following concern
having been expressed by certain unitholders that Hyprop may not be successfulin acquiring a controlling interest and that Hyprop`s prospects may influence
the basis upon which such unitholders exercise their votes on the SA Retail
transaction and to enable the board to report back to shareholders and debenture
holders at the adjourned meetings.The adjourned shareholders meeting will be held at 09h30 on Wednesday, 13 July
2005 at the offices of Hyprop, 3rd Floor, North Block, Hyde Park Shopping
Centre, Jan Smuts Avenue, Hyde Park.
The adjourned debenture holders meeting will be held at 10h00 (or immediatelyafter the shareholders meeting) on Wednesday, 13 July 2005 at the offices of
Hyprop, 3rd Floor, North Block, Hyde Park Shopping Centre, Jan Smuts Avenue,
Hyde Park.
Johannesburg24 June 2005
Sponsor
Java Capital (Proprietary) LimitedDate: 24/06/2005 12:45:51 PM Produced by the JSE SENS Department
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