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Hyprop Investments Limited (JSE:HYP) News - Completion of disposal of Delta City Mall in Podgorica
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)
("Hyprop")
COMPLETION OF DISPOSAL OF DELTA CITY MALL IN PODGORICA
Shareholders are referred to the announcement published on SENS on 18 February 2022 regarding the disposal by
Hystead Limited ("Hystead"), in which Hyprop holds a 60% interest, of its entire shareholding in Delta M CG d.o.o.
Podgorica, the company that owns Delta City Mall in Podgorica, Montenegro, to CEE BIG B.V (the "Disposal").
The Disposal has been successfully implemented. The net proceeds will be used to settle a further EUR70 million of
Hyprop's Euro-denominated equity debt, following which Hyprop's Euro denominated equity debt will have reduced
from EUR373 million at 31 December 2021 to EUR111 million.
23 May 2022
Sponsor
Java Capital
Date: 23-05-2022 08:00:00
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