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CPL - Capital Property Fund - Voluntary announcement of Capital`s expression of

Release Date: 02/05/2012 17:00
Code(s): CPL
Wrap Text

CPL - Capital Property Fund - Voluntary announcement of Capital`s expression of interest in acquiring all the assets of SA Corporate Capital Property Fund ("Capital") Share Code CPL ISIN ZAE000001731 (A portfolio in Capital Property Trust Scheme, a Collective Investment Scheme in Property established in terms of the Collective Investment Schemes Control Act, No 45 of 2002) Managed by Property Fund Managers Limited (Registration No. 1980/009531/06) VOLUNTARY ANNOUNCEMENT OF CAPITAL`S EXPRESSION OF INTEREST IN ACQUIRING ALL THE ASSETS OF SA CORPORATE Unitholders are referred to the Capital cautionary announcement published on SENS on 25 April 2012 and are advised that, on 30 March 2012, Capital formally advised SA Corporate Real Estate Fund ("SA Corporate") of Capital`s interest in acquiring all of the assets of SA Corporate (the "envisaged acquisition"). Capital has made proposals as regards the pricing of the envisaged acquisition and the basis on which the price would be settled by Capital, partly in cash and partly in Capital units. Discussions between the relevant parties have been scheduled in order to address these and other details of the envisaged acquisition. 2 May 2012 Sponsor Java Capital Date: 02/05/2012 17:00:04 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.