Enhanced Investments - Financial Portal

Cancellation of proposed disposal of Cape Road Property

Published: 2023-02-23 16:45:26 ET

DELTA PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
JSE share code: DLT
ISIN: ZAE000194049
(Approved as a REIT by the JSE)
("Delta" or the “Company”)

CANCELLATION OF PROPOSED DISPOSAL OF CAPE ROAD PROPERTY

Shareholders are referred to the announcement released on SENS on 4 July 2022 in which the Company advised that it
had entered into an agreement with Rivadax (Pty) Ltd (“Purchaser” or “Rivadax”) to dispose of the property situated at
corner of CJ Langehoven and Cape Road, Gqeberha, together with all the buildings and improvements thereon, as
more commonly known as “Cape Road”(the “Property”), for a cash consideration of R38 million (the “Disposal
Consideration”).

In this regard, shareholders are advised that the agreement entered into with Rivadax has been cancelled due to the
Purchaser’s inability to meet their obligations relating to the Disposal Consideration and the disposal will no longer
proceed.

The Company will continue to market and seek a buyer for the Property.


Johannesburg
23 February 2023

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.