S A Retail Properties Limited - Further Cautionary
SRL
SRL
S A Retail Properties Limited - Further Cautionary Announcement
S A RETAIL PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/025764/06)
(JSE Code: SRL & ISIN Code: ZAE000034328)
("S A Retail" or "the Company")
FURTHER CAUTIONARY ANNOUNCEMENT
Linked unitholders are referred to the cautionary announcement dated 3 May 2006
and are advised that SA Retail have entered into agreements with Sharemax
Investments (Proprietary) Limited ("Sharemax"), acting as administrator for 14
property owning companies ("Vendors"), in terms of which SA Retail will acquire
the properties ("Portfolio") owned by the respective Vendors.
The total purchase price payable by S A Retail for the portfolio is R 1 088 129
560, which consideration will be settled by way of an issue of linked units
and/or cash.
The acquisition of the Portfolio is subject to the following conditions:
Due diligence by S A Retail of the Portfolio;
S A Retail board approval;
Regulatory approvals, including, but not limited to JSE Limited, Securities
Regulation Panel and Competition Commission;
S A Retail raising the finance required to acquire the Portfolio;
S A Retail linked unitholder approval of the acquisition of the Portfolio; and
Shareholders approval from the respective Vendors.
A detailed announcement will be made in due course, providing inter alia,
details of the Portfolio and the financial effects of the acquisition of the
Portfolio on S A Retail.
Accordingly, linked unitholders are advised to continue exercising caution when
dealing in the linked units of S A Retail until a full announcement is made.
Durban
11 July 2006
SPONSOR
EXCHANGE SPONSORS (PTY) LIMITED
(Registration number: 1999/024433/07)
Date: 11/07/2006 05:15:02 PM Produced by the JSE SENS Department
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