Delta Property Fund Updates On Rights Offer
Delta Property Fund announced that with reference to the previous announcement regarding the raising of up to ZAR1 billion of capital by way of a renounceable rights offer. Linked unit holders are advised that a maximum of 119,047,599 new Delta linked units (rights offer units) will be issued in terms of the rights offer to qualifying linked unit holders at a price of ZAR8.4 per linked unit in the ratio of 50.62569 rights for every 100 Delta linked units held on the record date. Based on Delta’s forecast distribution for the four months from listing to February 28, 2013, the rights offer price of ZAR8.4 per linked unit effectively includes accrued distributions of ZAR0.209 per linked unit calculated up to May 3, 2013, being the date that the rights offer closes.
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