December 21, 2016 / 10:29 AM / 9 months ago

BRIEF-Synergy Income Fund updates on repositioning of co

Dec 21 (Reuters) - Synergy Income Fund Ltd

* Transaction will be implemented on 22 December 2016

* Synergy income - VAM consideration shares and cumulative consideration shares will be issued to Vukile Property Fund Limited (“vukile”) and shareholders of Cumulative Properties Limited

* Newly constituted board of directors will meet in january 2017 to consider position of chief executive officer of company

* All outstanding conditions precedent to transaction have now been fulfilled and transaction is accordingly unconditional in accordance with its terms

* Gerald Leissner, who was due to take up position of chief executive officer of company, passed away on 16 december 2016 Source text for Eikon: Further company coverage:

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