AIM information and investor relations

South African Property Opportunities plc ("SAPRO") is one of the Principle Capital family of funds. It is a closed-end fund with the investment objective to achieve capital growth from an opportunistic portfolio of real estate assets in the Republic of South Africa.





Press releases

AGM/EGM

Articles of Association

Placing and Admission of ordinary shares April 2007 (pdf 1.6MB)
Placing and Admission of ordinary shares October 2006 (pdf 694kb)
Certificate of Incorporation (pdf 86kb)
Listing letter (pdf 28kb)

Shares in the company are not traded on any trading platform other than AIM and CISX.

SAPRO is an Isle of Man incorporated company and as such the rights and obligations of shareholders may vary from those of a UK incorporated company. The group operates principally from Isle of Man and various areas in South Africa. Except as stated below, shares in SAPRO are not subject to any restriction in respect of transfer and are transferable free of charge.

The Directors may refuse to accept a transfer of SAPRO's shares (other than pursuant to a normal stock exchange transaction) if they believe that the transfer was executed where:

  • the shareholder concerned did not act of his own volition;
  • the transfer was executed pursuant to a confiscating or expropriatory act of a foreign authority; or
  • the transfer was executed pursuant to compulsory transfer under the laws of a foreign jurisdiction for no consideration or for a consideration which would be regarded as inadequate in normal business practice.

Shares held in certificated form may be transferred by written transfer in a form acceptable to the directors of SAPRO. Shares held in uncertificated form may be transferred in accordance with the practices of the relevant system. Any written instrument of transfer must be signed by or on behalf of the transferor and the transferee. The registration of transfer of shares may be suspended and the share register closed for not more than 30 days in any year.

As at 30 June 2008, 28.9% of SAPRO's shares are not in public hands.

In order to assist the Company in complying with its obligations under the AIM Rules, Shareholders should please note the following:

Any Shareholder who acquires an interest in the Company equal to or exceeding 3% of the issued shares (a "Notifiable Interest") is requested to notify the Company forthwith of such interest. In addition, having acquired a Notifiable Interest, a Shareholder is requested to notify the Company forthwith (a) of any increase or decrease in his or her Notifiable Interest which crosses a 1% threshold and/or (b) if he or she ceases to hold such a Notifiable Interest.

SAPRO was incorporated in Isle of Man. Persons seeking a detailed explanation of any provisions of Isle of Man law or the differences between it and the laws of England and Wales or any jurisdiction with which they may be more familiar are recommended to seek specific legal advice.

The information included on this website is disclosed pursuant to Rule 26 of the AIM Rules for Companies published by the London Stock Exchange.