Enhanced Investments - Financial Portal

Further update on business rescue proceedings

Published: 2022-10-13 12:55:39 ET

REBOSIS PROPERTY FUND LIMITED (IN BUSINESS RESCUE)
Incorporated in the Republic of South Africa
(Registration number: 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)
(“Rebosis” or “the Company”)


FURTHER UPDATE ON BUSINESS RESCUE PROCEEDINGS


Stakeholders are referred to the announcement released on SENS on 26 August 2022 informing them
that Rebosis has been placed into voluntary business rescue, and of the suspension of trading in the
Company's ordinary shares and A-ordinary shares on the JSE with immediate effect.

Following the above, the Board of Directors of Ascension Properties Limited (“Ascension”), a wholly-
owned subsidiary of Rebosis, has resolved to file for voluntary business rescue in respect of Ascension
and its subsidiaries.

The Board of Directors of Ascension is of the opinion that Ascension and its subsidiaries meet the
definition of being “financially distressed” as contemplated in the Companies Act, 71 of 2008 as
amended, and consider this decision to be prudent and in the best interests of stakeholders.

The requisite documents were lodged with the Companies and Intellectual Property Commission
(“CIPC”) on 10 October 2022 and Ascension and the Company currently await confirmation of filing
from CIPC.




13 October 2022

Joint BRPs: Phahlani Mkhombo and Jacques du Toit

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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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.