FSP
FSP
FSP - Freestone - Results Of The Scheme Meetings
Freestone Property Holdings Limited
(Registration No. 2001/011887/06)
Share Code: FSP ISIN Code: ZAE000060299
("Freestone")
RESULTS OF THE SCHEME MEETINGS
Freestone 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 Freestone and its linked unitholders relating to the acquisition by
Emira Property Fund ("Emira") of 100% of the linked units in Freestone ("the
scheme") was approved by 97,62% of the votes cast by scheme members present in
person or represented by proxy at the scheme meetings held on Monday 19 March
2007.
Copies of the Chairman`s reports on the scheme meetings will be available at the
registered office of Freestone (Freestone Park, 135 Patricia Road, Sandton,
2196) and at the offices of Freestone`s Sponsor, Java Capital (Proprietary)
Limited (2nd Floor, 2 Arnold Road, Rosebank, 2196) to any Freestone linked
unitholder on request, free of charge, during normal business hours, for at
least 7 calendar days before the date on which application is made to the High
Court of South Africa (Witwatersrand Local Division) for the sanctioning of the
scheme, on Tuesday 27 March 2007 ("the return date").
CONDITIONS PRECEDENT TO THE SCHEME
The scheme remains subject to the following conditions precedent:
- the requisite approval of Emira participatory interest holders, which is
anticipated to be received on 27 March 2007;
- the scheme being sanctioned by the High Court of South Africa
(Witwatersrand Local 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.
COMPETITION TRIBUNAL
Freestone linked unitholders are advised that approval for the scheme from the
Competition Tribunal of South Africa has been obtained.
Sandton
19 March 2007
Corporate advisor, legal advisor and sponsor to Freestone
Java Capital (Proprietary) Limited
Attorneys to the scheme
Hofmeyr Herbstein & Gihwala Inc.
Date: 19/03/2007 16:12:38 Produced by the JSE SENS Department.
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