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
Friday, 29 April 2022 and Friday, 13 May 2022, regarding the Fund’s distribution in respect
of the six months ended 31 March 2022, as well as the circular to unitholders dated
Friday, 13 May 2022 (“Circular”), in this regard.
2. As indicated in the above announcements and the Circular, unitholders could elect to
receive in cash the distribution of 4,188.58291 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 1.71630 units at 2,440 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, 3 June 2022.
3. Unitholders holding 23 135 737 units or 34.9% of units qualifying to receive the distribution,
elected to receive the Cash Distribution, resulting in a Cash Distribution of R9 690 595.27,
gross of tax.
4. The remaining unitholders, holding 43 129 697 units or 65.1% of units qualifying to receive
the distribution, reinvested their distribution, amounting to R18 065 231.23, gross of tax
(R17 695 638.84 net of tax), resulting in the issuing of 725 159 new units.
5. Unitholders are advised that on Monday, 6 June 2022 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, 8 June 2022 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 7 014 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 1 052
BINT NUR EBRAHIM TRUST 350
ZAHRA EBRAHIM TRUST 350
ABLI FAMILY TRUST 350
ROSHIN ARA EBRAHIM FAMILY TRUST 350
OASIS CRESCENT PROPERTY FUND MANAGERS LIMITED 3 045
OASIS CRESCENT INSURANCE LTD 1 242
MS EBRAHIM 275
8. The number of listed units will be adjusted on or about Friday, 10 June 2022, 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
6 June 2022
Corporate Advisor and Designated Advisor
PSG Capital
Date: 06-06-2022 05:15:00
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