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EQUITES PROPERTY FUND LIMITED - Amendment to existing finance arrangements of an associate of a director of the company

Release Date: 30/01/2025 17:00
Wrap Text
Amendment to existing finance arrangements of an associate of a director of the company

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
JSE alpha code: EQUI
(Approved as a REIT by the JSE)
("Equites" or "the Company")


AMENDMENT TO EXISTING FINANCE ARRANGEMENTS OF AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are advised that on 29 January 2025 GRG Investments Proprietary Limited ("GRG
Investments") agreed terms to amend the existing R13 409 256.18 three-year loan (the "Loan") concluded
with Investec Bank Limited (as detailed in the announcements released on 14 December 2021 and 14 February
2024) by the reduction of the Loan to R13 100 000 and the extension of the duration until 31 January 2028
(the "Amendment"). In terms of the Amendment, the security agreement related to the Loan has been revised
with 3 018 854 Equites shares now being pledged as security.

As Riaan Gous is a director and sole shareholder of GRG Investments, the Amendment constitutes a dealing
in securities by an associate of a director. The transaction was conducted off-market and clearance was
obtained.

30 January 2025


Sponsor
Java Capital

Debt sponsor
Nedbank Corporate and Investment Banking,     
(a division of Nedbank Limited)
Date: 30-01-2025 05:00:00
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