Data provided by iNet BFA
Loading...
See More

Vukile investors approve Sanlam properties deal

Aug 24 2010 16:31

Company Data

VUKILE PROPERTY FUND LIMITED [JSE:VKE]

Last traded 16.44
Change 0.3
% Change 0.02
Cumulative volume 73675
Market cap 8.51bn

Last Updated: 22/07/2014 at 04:18. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Vukile cautious on growth

Vukile spends on properties

Vukile leads JSE property pack

Vukile surges despite vacancies

New managers for Vukile

Vukile: Going strong

 
Johannesburg - Property loan stock group Vukile Property Fund [JSE:VKE] announced on Tuesday that its unitholders have approved the company's proposal to acquire nine Sanlam Life Insurance properties for R537.6m.
   
The approval was obtained at the company's annual general meeting held on Tuesday.
  
However, the acquisition remains subject to obtaining the requisite funding, it said.
   
The deal will be funded through R100.0m from Vukile's available cash resources and the R201.9m loan from Absa Bank.
   
The property group said about R235.7m through the issue of 18 994 341 new Vukile linked units at a price of 1.241 cents per linked unit is to be placed for, and on behalf of, Sanlam Life with current Unitholders.   
   
The condition precedent will be fulfilled on September 3 2010.
vukile property fund
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

OneRandMan learns how money really works

National Savings Month is not only this month, it is every month from your very first salary slip, an expert warns OneRandMan and all South Africans.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...