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Rebosis Property Fund - A Shares (JSE:REA) News - Further extension to posting of circular
REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share code: REA ISIN: ZAE000240552
JSE share code: REB ISIN: ZAE000201687
Alpha code: REBI
(Approved as a REIT by the JSE)
("Rebosis" or "the Company" or "the Rebosis Group")
FURTHER EXTENSION TO POSTING OF CIRCULAR
Shareholders are referred to the announcement released on SENS on 30 March 2022, wherein the Company advised that
the JSE had granted Rebosis a further extension in respect of the date of issue of the circular (the "Circular") detailing
the transaction in which Rebosis, with its wholly owned subsidiary, Ascension Properties Limited (collectively, the
"Rebosis Group"), is to dispose of a property portfolio ("Portfolio"), inclusive of any rental enterprises established on
any property therein, to Ulricraft Proprietary Limited (the "Purchaser") (the "Transaction") to on or about
29 April 2022.
The condition precedent requiring the Purchaser to obtain finance in respect of the Transaction before the termination
of the period prescribed in the agreements concluded between the Purchaser and the Rebosis Group ("Initial Funding
Period") (the "Condition Precedent"), has been extended from 22 April 2022 to 22 June 2022. This extension is to
allow the Purchaser additional time to fulfil the Condition Precedent.
Consequently, the Company is of the opinion that it would be more prudent to issue the Circular and call the general
meeting once the Condition Precedent has been fulfilled and the timing of the Transaction is more concrete.
Shareholders are advised that the Company has been granted a further extension regarding the posting of the Circular
and accordingly, the Company will not issue the Circular to shareholders before the termination of the Initial Funding
Period. The Circular is expected to be distributed to shareholders on or about 30 June 2022.
11 May 2022
Transaction sponsor
Java Capital
Date: 11-05-2022 05:35:00
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