| Mon 20 Mar 2006, 15:01 | | Growthpoint - Salient Dates Announcement |
|
GRT
GRT
Growthpoint - Salient Dates Announcement
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT & ISIN: ZAE000037669
("Growthpoint")
SALIENT DATES IN RESPECT OF THE ACQUISITION OF A PORTFOLIO OF PROPERTIES FROM
TRESSO TRADING 119 (PROPRIETARY) LIMITED ("Tresso")
1. Introduction
In its offer announcement released on SENS on Thursday, 26 January 2006 and
published in the press on Friday, 27 January 2006, Growthpoint made an
offer, in terms of which it proposed to acquire a portfolio of properties
from Tresso, for a purchase consideration amounting in aggregate to R1 632
663 000 ("the proposed transaction"). The terms of the offer were accepted
by Tresso on Wednesday, 25 January 2006. The proposed transaction is a
large related party transaction in terms of the JSE Listings Requirements
and requires approval by Growthpoint linked unitholders in a general
meeting.
2. General meeting
Linked unitholders are informed that a general meeting of Growthpoint
linked unitholders will be held at the registered office of Growthpoint,
100 Grayston Drive, Sandown, Sandton at 09:00 on Monday, 10 April 2006, to
consider and, if deemed fit to pass the ordinary resolution to approve the
proposed transaction as well as a special resolution to increase the
authorised share capital of Growthpoint, the ordinary resolution to place
unissued authorised share capital under the control of the directors of
Growthpoint and the ordinary resolution to issue linked units for cash, as
and when suitable situations arise.
3. Salient dates and times
The attention of Growthpoint linked unitholders should be drawn to the
following salient dates and times relevant to the proposed transaction:
2006
Circular and notice of general meeting posted
to Growthpoint linked unitholders Friday, 17 March
Last day to lodge proxies for the general
meeting (by 09:00) Thursday, 6 April
General meeting (at 09:00) Monday, 10 April
Release of results of the general meeting:
- on SENS Monday, 10 April
- and published in the press Tuesday, 11 April
4. Circular
The circular providing full information on the proposed transaction and
incorporating a notice in respect of the general meeting, was posted to
Growthpoint linked unitholders on Friday, 17 March 2006. Copies of the
circular may be obtained during normal business hours from the registered
office of Growthpoint, 100 Grayston Drive, Sandown, Sandton. A signed copy
of the circular and other documents available for inspection will also be
available at the registered office of Growthpoint.
Sandton,
20 March 2006
Investment bank and joint sponsor
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Legal adviser to Growthpoint
Fluxmans Attorneys
Website: www.fluxmans.com
Fluxmans Inc. Registration No: 2000/024775/21
Independent expert to Growthpoint linked unitholders
Grant Thornton Kessel Feinstein
Corporate Finance (Pty) Ltd
(Registration number 2000/002649/07)
Lead sponsor
Ernst & Young Sponsors (Pty) Ltd
(Registration number 2000/031843/07)
Legal adviser to Tresso
JOWELL GLYN & MARAIS
Independent reporting accountants
KPMG
Growthpoint debenture trustee
BELL DEWAR HALL
Independent valuers of the Tresso property portfolio
MILLS FITCHET
Gauteng/ Cape/ KwaZulu-Natal
and
GLENROSS PROPERTY CONSULTANTS (PROPRIETARY) LIMITED
and
CBRE
CB RICHARD ELLIS
Date: 20/03/2006 03:01:07 PM Produced by the JSE SENS Department
