Hyprop - Results of offer to unitholders of SA Ret
Hyprop - Results of offer to unitholders of SA Retail
Hyprop Investments Limited
(Registration No. 1987/005284/06)
Share code: HYP & ISIN code: ZAE000003430
(the `Hyprop` or `company`)
RESULTS OF OFFER TO UNITHOLDERS OF SA RETAIL PROPERTIES LIMITED (`SA RETAIL`)
SA Retail and Hyprop combined unitholders are advised that Hyprop`s offer to SA
Retail unitholders closed on 9 September 2005.
The offer was accepted in respect of 85 445 116 SA Retail units, comprising
37.83% of the total number of SA Retail units in issue.
Of the acceptances:
- SA Retail unitholders holding 71 101 844 SA Retail units elected to receive
the units consideration of 1 Hyprop combined unit for every 2.7 SA Retail
units in respect of which the offer was accepted, resulting in the issue of
26 334 016 Hyprop combined units; and
- SA Retail unitholders holding 14 343 272 SA Retail units elected to receive
the cash consideration of R8 for every SA Retail unit in respect of which
the offer was accepted, resulting in the payment of R114 746 176.
Hyprop now owns 100 326 759 SA Retail units, comprising 44.42% of the total
number of the SA Retail units in issue. This includes the 14 881 643 SA Retail
units acquired by Hyprop prior to the offer.
Hyde Park
12 September 2005
Corporate advisor, legal advisor and sponsor
Java Capital (Proprietary) Limited
Date: 12/09/2005 03:04:06 PM
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