Vukile - General issue of linked units for cash to
VKE
VKE
Vukile - General issue of linked units for cash to fund the Oakhurst acquisition
Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number 2002/027194/06
JSE code: VKE & ISIN: ZAE000056370
("Vukile" or "the company")
GENERAL ISSUE OF LINKED UNITS FOR CASH TO FUND THE ACQUISITION OF OAKHURST
Unitholders are referred to the announcement released on SENS on Monday, 20
February 2006 advising that Vukile had entered into an agreement for the
acquisition of Johannesburg Parktown Erf 915 from Sanlam Life Insurance Limited
for a purchase consideration of R34.4 million ("the acquisition").
Unitholders are advised that the JSE Limited ("the JSE") has approved the
listing of 4 240 000 new Vukile linked units to fund the acquisition with effect
from the commencement of business on Wednesday, 22 February 2006. The new
linked units (representing 1.58% of the company"s issued capital before the
issue) will be issued to Marriott Asset Management at a weighted average price
of 818 cents per linked unit, which represents a premium of 1.6% to the 30 day
volume weighted average price of Vukile linked units on the JSE on the date that
the price of the issue was determined by the directors.
Johannesburg
22 February 2006
Sponsor: Bridge Capital Services (Pty) Limited
Date: 22/02/2006 11:06:06 AM Produced by the JSE SENS Department
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