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Rebosis Property Fund Ltd (REBJ.J)

REBJ.J on Johannesburg Stock Exchange

1,260.00ZAc
24 Mar 2017
Change (% chg)

0.00 (+0.00%)
Prev Close
1,260.00
Open
1,261.00
Day's High
1,274.00
Day's Low
1,260.00
Volume
146,648
Avg. Vol
573,543
52-wk High
1,348.00
52-wk Low
906.79

Latest Key Developments (Source: Significant Developments)

Rebosis Property names Marelise De Lange as new CFO
Wednesday, 1 Mar 2017 10:00am EST 

Rebosis Property Fund Ltd : Kameel Keshav will be leaving his position as chief financial officer of company as at 31 March 2017 .Appointment of Marelise De Lange as new chief financial officer of company with effect from 1 March 2017.  Full Article

Rebosis says raised 485 million rand from accelerated bookbuild
Thursday, 23 Feb 2017 10:44am EST 

Rebosis Property Fund Ltd :Rebosis has raised r485 million at a price of r12.65 per share from accelerated bookbuild.  Full Article

Rebosis Property names Andile Mazwai as chief operating officer
Wednesday, 8 Feb 2017 01:30am EST 

Rebosis Property Fund Limited : With effect from 8 February 2017, Andile Mazwai, has been appointed as an executive director and chief operating officer of company. .Maurice Mdlolo and Francois Froneman have been appointed as independent non-executive directors to board..  Full Article

Rebosis to sell stake in Ascension for 113.4 mln rand
Monday, 6 Feb 2017 09:10am EST 

Rebosis Property Fund Ltd : Co intends to sell c.28 million ascension a shares to Meago Asset Managers Proprietary Limited at 4.05 rand per share . Says deal is worth 113.4 mln rand to be settled in cash .Co to sell entire stake in Ascension Properties.  Full Article

Rebosis to raise 533.8 mln rand through claw-back offer
Tuesday, 22 Nov 2016 06:23am EST 

Rebosis Property Fund Ltd : Claw-Back offer declaration and finalisation announcement . Will raise 533.8 mln rand from shareholders by way of a fully subscribed claw-back offer, at a price of 10.71 rand per ordinary share . Says Billion and Nedbank will therefore be issued with up to 41.8 mln and 8.0 mln Rebosis shares respectively, at a price of 10.71 rand per share .Claw-back offer lets co pursue acquisitive growth strategy without raising gearing levels or diluting existing shareholders.  Full Article

Rebosis Property Fund sells 3 properties to Southern Palace Group
Friday, 26 Aug 2016 10:55am EDT 

Rebosis Property Fund Ltd : Concluded agreement for disposal of property letting enterprises in respect of 3 properties to southern palace group .Deal for an aggregate consideration of 847.5 million rand.  Full Article

South Africa's Competition Commission okays Phumelela-Supabets deal
Wednesday, 24 Aug 2016 08:08am EDT 

SA's Competition Commission: Has approved with conditions the intermediate merger whereby Phumelela intends to acquire 50 pct share capital in Supabets .Recommended to Tribunal that merger whereby Rebosis intends to acquire target firms from Billion Group approved without conditions.  Full Article

Rebosis to pay less for Forest Hill City, Baywest Mall
Wednesday, 13 Jul 2016 09:53am EDT 

Rebosis Property Fund Ltd : Consideration payable in respect of Forest Hill City has been reduced by 120 mln rand from 2.213 bln rand to 2.093 bln rand . Says consideration payable in respect of Baywest Mall has been reduced by 60 mln rand from 2.332 bln rand to 2.272 bln rand . Consideration payable for BPS has been reduced by 20 mln rand from 229 mln rand to 209 mln rand . 700 mln rand of aggregate price will still be deferred and settled in cash in two tranches of 350 mln rand each . Says additional consideration of 115 mln rand has been reduced by 50 mln rand to 65 mln rand . Currently negotiating disposal of commercial properties that are smaller and non-core of up to 1.5 bln rand in value . Says aggregate consideration of 4.934 bln rand is payable in cash of which up to 3.7 bln rand will be funded through debt raised by Rebosis .Dilution in distribution per Rebosis share for period Sept 1 2016 to Aug 31 2017 will reduce from 9.1 pct to neutral.  Full Article

Rebosis Property Fund strikes deal with Billion Group Ltd
Monday, 23 May 2016 10:18am EDT 

Rebosis Property Fund Ltd : Related party transaction, internalisation of management and withdrawal of cautionary . Will acquire from Billion and/or its subsidiaries an interest in 3 dominant regional shopping centres and 2 service businesses . On closing date, a portion of consideration in an amount of R5,307.2 billion will be paid . Balance of consideration in an amount of R700.0 million will be deferred and settled .Sees FY headline earnings per share for 2017 at 93.01 cents and HEPS for fy2018 at 86.08 cents.  Full Article

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BRIEF-Rebosis Property names Marelise De Lange as new CFO

* Kameel Keshav will be leaving his position as chief financial officer of company as at 31 March 2017