Wrap Text
Distribution results announcement
OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis Crescent Property
Trust Scheme registered in terms of the Collective
Investment Schemes Control Act (Act 45 of 2002) having
REIT status with the JSE
JSE share code: OAS
ISIN: ZAE000074332
("the Fund")
DISTRIBUTION RESULTS ANNOUNCEMENT
1. Unitholders are referred to the announcements released by the Fund on SENS on
26 April 2024 and 8 May 2024, regarding the Fund's distribution in respect of the six months
ended 31 March 2024, as well as the circular to unitholders dated 8 May 2024 ("Circular"),
in this regard.
2. As indicated in the above announcements and the Circular, unitholders could elect to
receive in cash the distribution of 5,743.07800 cents (in aggregate), after non-permissible
income, for every 100 units held ("Cash Distribution"), failing which the distribution would
be reinvested at the rate of 2.12471 units at 2,703 cents per unit (in aggregate) for every
100 units so held ("Unit Reinvestment"). Non-resident unitholders are referred to those
sections of the abovementioned announcements and the Circular dealing with the
reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline for
the above election was 12:00 p.m. on Friday, 7 June 2024.
3. Unitholders holding 62 731 540 units or 95.5% of units qualifying to receive the distribution,
elected to receive the Cash Distribution, resulting in a Cash Distribution of R36 027 212.73,
gross of tax.
4. The remaining unitholders, holding 2 937 102 units or 4.5% of units qualifying to receive the
distribution, reinvested their distribution, amounting to R1 686 800.64 gross of tax
(R1 520 572.65 net of tax), resulting in the issuing of 56 201 new units.
5. Unitholders are advised that on Monday, 10 June 2024, distribution payments were made
into the bank accounts of those certificated unitholders, and distribution payments were
credited to the Central Securities Depositary Participant ("CSDP") accounts or to the broker
custody accounts of those dematerialised unitholders, who elected to receive the Cash
Distribution.
6. Unitholders are advised that on Wednesday, 12 June 2024, new unit certificates will be
posted to those certificated unitholders, and new units will be credited to the CSDP accounts
or broker custody accounts of those dematerialised unitholders, who qualified for the Unit
Reinvestment.
7. Unitholders are advised that 9 404 units will be issued to directors of Oasis Crescent
Property Fund Managers Limited and their associates, with no units being issued to
prescribed officers or the company secretary of Oasis Crescent Property Fund Managers
Limited, on the following basis:
DIRECTOR / ASSOCIATE OF DIRECTOR NO. OF UNITS
ADAM EBRAHIM FAMILY TRUST 1 410
BINT NUR EBRAHIM TRUST 470
ZAHRA EBRAHIM TRUST 470
ABLI FAMILY TRUST 470
ROSHIN ARA EBRAHIM FAMILY TRUST 470
OASIS CRESCENT PROPERTY FUND MANAGERS 4 084
OASIS CRESCENT INSURANCE LTD 1 666
MR MAHOMED SHAHEEN EBRAHIM 364
8. The number of listed units will be adjusted on or about Tuesday, 18 June 2024, based on
the results of the distribution.
9. Unitholders are referred to the Fund's abovementioned announcements for details on the
tax implications of the distribution.
Cape Town
10 June 2024
Corporate Advisor and Designated Advisor
PSG Capital
Date: 10-06-2024 01:25:00
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