Enhanced Investments - Financial Portal

Update in respect of the disposal of Ikeja City Mall

Published: 2022-07-04 13:00:37 ET

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)


UPDATE IN RESPECT OF THE DISPOSAL OF IKEJA CITY MALL


Shareholders are referred to previous announcements regarding the disposal of Ikeja City Mall, the last of which was
released on 1 April 2022 wherein shareholders were advised that the longstop date to implement the transaction was
extended to 30 June 2022 on condition that a fully compliant merger application be submitted by the purchaser to the
Federal Competition and Consumer Protection Commission of Nigeria (“Merger Application”) on or before 31 May
2022.

Shareholders are advised that a Merger Application has been submitted, the outcome of which remains pending. The
parties have accordingly agreed to extend the longstop date to implement the transaction to 31 December 2022.

The parties remain committed to the transaction. Should there be any further developments relating to the transaction,
shareholders will be updated accordingly.

4 July 2022


Sponsor

Java Capital

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.