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Holding(s) in Company – Warehousing Arrangements

21 Apr 2009

Further to the announcement made on AIM on 15 April 2009, the Company’s shares were admitted to trading on the Alternative Exchange (“Alt X”) of the JSE Limited on Friday, 17 April 2009 and the relevant South African resident shareholders have now repurchased shares in the Company from the NEPI Trust at a price of R12.36 per share (being the Rand equivalent of €1.02 per share, the price at which the shares were sold to the NEPI Trust). The NEPI Trust therefore no longer has an interest in the Company’s shares and the following are the interests of the significant shareholders (as defined by the AIM Rules) whose shares were subject to the “warehousing” arrangements (being the same as they were prior to the implementation of the “warehousing” arrangements):

Name Number of shares Percentage of issued shared capital
Diversified Properties 2 (Pty) Ltd 7,392,500 26.26%
Capital Property Fund 6,155,000 21.87%
The Suni Trust (see note 1) 1,725,000 6.13%
Coco Haven 31 (Pty) Ltd 1,536,600 5.46%
Optimprop 3 (Pty) Ltd (see note 1) 1,477,500 5.25%
Chataprop Holdings 50 (Pty) Ltd 1,477,500 5.25%
Maxtrade Seven (Pty) Ltd 985,000 3.50%

Note

  • Des de Beer, a director of the Company, is a trustee and beneficiary of the Suni Trust and is also a 50% shareholder in and the sole director of Optimprops 3 (Pty) Ltd.
  • In addition to the above, Mrs Madelein Slabbert, the wife of Martin Slabbert, a director of the Company, has repurchased 179,939 ordinary shares in the Company from the NEPI Trust and now holds a total of 197,500 ordinary shares in the Company, representing 0.70% of the Company’s issued share capital.