Diversified - General Issue of Linked Units for Ca
DIV
DIV
Diversified - General Issue of Linked Units for Cash
Diversified Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number 2005/029685/06
Share code: DIV ISIN: ZAE000072369
("Diversified" or "the company")
GENERAL ISSUE OF LINKED UNITS FOR CASH
1. GENERAL ISSUE OF LINKED UNITS FOR CASH
Linked unitholders are advised that Diversified has completed a general
issue of 14,705,882 linked units for cash at R6.80 per unit in terms of a
general authority granted by unitholders on 4 October 2006. In total, R100
million was raised on 13 October 2006 and will be applied against debt.
Listings approval was received for 19 October 2006 and will increase the
number of listed units from 121,460,507 to 136,166,389. Additional units
will rank pari passu with existing units including the right to a
distribution for the period 1 July 2006 to 31 December 2006. The issue
price of R6.80 per unit includes a cum distribution portion of 18 cents.
The issue price represents a 3.1 % discount to the 30-day volume weighted
average price at 9 October 2006 (being the date on which the directors
determined such price) and a 5.7 % discount compared to the ex-distribution
price.
2. PRO FORMA FINANCIAL EFFECTS
The issue for cash had no material effect on distribution per unit and has
not been disclosed.
Johannesburg
19 October 2006
Sponsor
Java Capital (Proprietary) Limited
Date: 19/10/2006 04:48:16 PM Produced by the JSE SENS Department
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