|
GRT
GRT
Growthpoint - Declaration of special interim distribution for the four months
ended 31 October 2006
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT ISIN ZAE000037669
("Growthpoint")
DECLARATION OF SPECIAL INTERIM DISTRIBUTION FOR THE FOUR MONTHS ENDED 31 OCTOBER
2006
1 Introduction
Further to the joint announcement released on the Securities Exchange News
Service of the JSE Limited on 20 October 2006, regarding the mandatory
offer by Growthpoint to acquire all the linked units of Paramount Property
Fund Limited ("Paramount"),other than those already held by Growthpoint
("the offer"), in terms of Section 440 of the Companies Act, 1973 (Act 61
of 1973), as amended, it was announced that Growthpoint would pay an
interim distribution to align its distribution period with that of
Paramount.
2 Payment of special interim distribution
It is anticipated that Paramount"s next distribution for the quarter ended
31 October 2006 will be paid on or about 2 January 2007. To ensure that
Growthpoint and Paramount linked units both trade "cum" and "ex-
distribution" for the same periods, Growthpoint will pay a special interim
distribution to its linked unitholders for the 4 months ended 31 October
2006, to match Paramount"s quarterly distribution for the period ended 31
October 2006. Thereafter, Growthpoint will align the timing of its
distributions with that of Paramount during the period of the offer. At the
expiry of the offer, Growthpoint will revert to paying half-yearly
distributions.
In accordance with the above, notice is hereby given of the interim
distribution for the four months ended 31 October 2006, comprising interim
dividend number 40 of 0.03 cents per share and debenture interest payment
of number 40 of 29.97 cents per debenture, totalling 30.00 cents per linked
unit. This represents a 15,07% increase ,on a pro-rata basis, over the
distribution of 39.10 cents per linked unit in respect of the six-months
ended 31 December 2005.
3 Timetable for the special interim distribution
The distribution of 30.00 cents per linked unit will be payable to Growthpoint
linked unitholders in accordance with the abbreviated timetable set out below:
Last day to trade "cum" dividend and interest Wednesday, 20 December 2006
Linked units trade "ex" distribution Thursday, 21 December 2006
Record date Friday, 29 December 2006
Payment date Tuesday, 02 January 2007
No dematerialisation or rematerialisation of Growthpoint linked unit
certificates may take place between Wednesday, 20 December 2006 and Friday, 29
December 2006, both days inclusive.
By order of the board
R Krabbenhoft
Company Secretary
6 December 2006
Investment bank and sponsor to Growthpoint
Investec Bank Limited
Date: 06/12/2006 10:58:05 AM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
