Wrap Text
Distribution results announcement
OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis Crescent Property
Trust Scheme registered in terms of the Collective
Investment Schemes Control Act (Act 45 of 2002) having
REIT status with the JSE
JSE share code: OAS
ISIN: ZAE000074332
("the Fund")
DISTRIBUTION RESULTS ANNOUNCEMENT
1. Unitholders are referred to the announcements released by the Fund on SENS on
22 October 2024 and 8 November 2024, regarding the Fund's distribution in respect of the
six months ended 30 September 2024, as well as the circular to unitholders dated
8 November 2024 ("Circular"), in this regard.
2. As indicated in the above announcements and the Circular, unitholders could elect to
receive in cash the distribution of 5,935.79300 cents (in aggregate), after non-permissible
income, for every 100 units held ("Cash Distribution"), failing which the distribution would
be reinvested at the rate of 2.15299 units at 2,757 cents per unit (in aggregate) for every
100 units so held ("Unit Reinvestment"). Non-resident unitholders are referred to those
sections of the abovementioned announcements and the Circular dealing with the
reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline for
the above election was 12:00 p.m. on Friday, 6 December 2024.
3. Unitholders holding 37 933 600 units or 58.9% of units qualifying to receive the distribution,
elected to receive the Cash Distribution, resulting in a Cash Distribution of R22 516 599.72
gross of tax.
4. The remaining unitholders, holding 26 500 861 units or 41.1% of units qualifying to receive
the distribution, reinvested their distribution, amounting to R15 730 362.53 gross of tax (R14
603 479.82 net of tax), resulting in the issuing of 529 634 new units.
5. Unitholders are advised that on Monday, 9 December 2024, distribution payments were
made into the bank accounts of those certificated unitholders, and distribution payments
were credited to the Central Securities Depositary Participant ("CSDP") accounts or to the
broker custody accounts of those dematerialised unitholders, who elected to receive the
Cash Distribution.
6. Unitholders are advised that on Wednesday, 11 December 2024, new unit certificates will
be posted to those certificated unitholders, and new units will be credited to the CSDP
accounts or broker custody accounts of those dematerialised unitholders, who qualified for
the Unit Reinvestment.
7. Unitholders are advised that 9 730 units will be issued to directors of Oasis Crescent
Property Fund Managers Limited and their associates, with no units being issued to
prescribed officers or the company secretary of Oasis Crescent Property Fund Managers
Limited, on the following basis:
DIRECTOR / ASSOCIATE OF DIRECTOR NO. OF UNITS
ADAM EBRAHIM FAMILY TRUST 1 460
BINT NUR EBRAHIM TRUST 486
ZAHRA EBRAHIM TRUST 486
ABLI FAMILY TRUST 486
ROSHIN ARA EBRAHIM FAMILY TRUST 486
OASIS CRESCENT PROPERTY FUND MANAGERS 4 227
OASIS CRESCENT INSURANCE LTD 1 724
MR MAHOMED SHAHEEN EBRAHIM 375
8. The number of listed units will be adjusted on or about Friday, 13 December 2024, based
on the results of the distribution.
9. Unitholders are referred to the Fund's abovementioned announcements for details on the
tax implications of the distribution.
Cape Town
9 December 2024
Corporate Advisor and Designated Advisor
PSG Capital
Date: 09-12-2024 12:30:00
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