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SPE RDF
SPE RDF
Redefine /Spearhead - Results of the scheme meetings
Redefine Income Fund Limited
(Registration No. 1999/018591/06)
Share Code: RDF & ISIN Code: ZAE000023503
("Redefine")
Spearhead Property Holdings Limited
(Registration No. 1996/005827/06)
Share Code: SPE & ISIN Code: ZAE000019162
("Spearhead" or "the company")
Results of the scheme meetings
Spearhead linked unitholders are advised that the scheme of arrangement in
terms of section 311 of the Companies Act (Act 61 of 1973, as amended)
("the Act") between Spearhead and its linked unitholders relating to the
acquisition by Redefine of 100% of the linked units in Spearhead ("the
scheme") was unanimously approved by Spearhead shareholders and Spearhead
debenture holders at the scheme meetings held on Tuesday 24 October 2006.
Copies of the Chairman"s report on the scheme meetings will be available at
the registered office of Spearhead (3rd Floor, The Spearhead, 42 Hans
Strijdom Avenue, Foreshore, Cape Town, 8001) and at the offices of
Spearhead"s Sponsor, Bridge Capital Advisors (Proprietary) Limited (1st
Floor, 22A The Woodlands, Woodlands Drive, Woodmead, Sandton, 2196) to any
Spearhead linked unitholder on request, free of charge, during normal
business hours, for at least 4 calendar days before the date on which
application is made to the High Court of South Africa (Cape of Good Hope
Provincial Division) for the sanctioning of the scheme ("the return date").
CONDITIONS PRECEDENT TO THE SCHEME
The scheme remains subject to the following conditions precedent:
* the requisite approval of Redefine linked unitholders, which is
anticipated to be received on 27 October 2006;
* the approval by the Competition Authorities of the acquisition;
* the scheme being sanctioned by the High Court of South Africa (Cape of
Good Hope Provincial Division) on the return date; and
* a certified copy of the Order of Court sanctioning the scheme being
registered by the Registrar in terms of the Act.
SALIENT DATES AND FURTHER ANNOUNCEMENTS
To the extent that approval from the Competition Authorities is obtained on
or before 26 October 2006, the return date will be 31 October 2006 and the
salient dates for the implementation of the scheme will be as published in
the circular issued to Spearhead linked unitholders on 9 October 2006, on
SENS on 10 October 2006 and in the press on 11 October 2006 ("the salient
dates timetable"). If approval from the Competition Authorities is not
obtained on or before 26 October 2006, the return date will be extended and
all dates from 31 October 2006 onwards will change from those that were set
out in the salient dates timetable. In this event, further announcements
regarding the revised salient dates and the date on which the scheme will
be implemented will be published on SENS and in the press.
Cape Town
24 October 2006
Corporate advisor, legal advisor and sponsor to Redefine
Java Capital (Proprietary) Limited
Corporate advisor and sponsor to Spearhead
Bridge Capital Advisors (Proprietary) Limited
Legal advisor to Spearhead and attorneys to the scheme
Hofmeyr Herbstein & Gihwala Inc.
Legal advisor to Spearhead
Werksmans Inc.
Spearhead"s auditors and independent advisor
PKF (Newlands) Inc.
Date: 24/10/2006 04:21:09 PM Produced by the JSE SENS Department
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