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ATLANTIC LEAF PROPERTIES LIMITED - Cautionary announcement relating to substantial transaction

Release Date: 30/05/2014 10:00
Code(s): ALP     PDF:  
Wrap Text
Cautionary announcement relating to substantial transaction

Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius on 11 November 2013)
(Registration number: 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
(“Atlantic Leaf” or “the company”)


CAUTIONARY ANNOUNCEMENT RELATING TO SUBSTANTIAL TRANSACTION


Shareholders and the public in general are referred to the cautionary announcement released on 16 April 2014 relating
to the acquisition by the company of 60% of the issued share capital of Seahawk Investments Limited (“Tranche 1”)
which was categorised as a Disclosable Transaction under Chapter 13 of the Listing Rules of the Stock Exchange of
Mauritius Ltd (“SEM”).

Upon completion of Tranche 1, the company was granted an option to acquire the remaining 40% of the issued share
capital of Seahawk (“Tranche 2”).

The Board of Directors of Atlantic Leaf wishes to inform shareholders and the investing public that the company has
resolved to exercise this option and to conclude the acquisition of Tranche 2, subject to receipt of shareholders’
consent and compliance with all requirements of the Listing Rules of the SEM. The acquisition of Tranche 2 will be
aggregated with Tranche 1 and will be categorised as a Substantial Transaction in accordance with the Listing Rules
of the SEM. As a result, the acquisition of Tranche 2 will require Atlantic Leaf to seek shareholders’ approval to
complete this acquisition and to comply with the Listing Rules of the SEM relating to Substantial Transactions.

In line with the relevant provisions of Chapter 13 of the Listing Rules of the SEM, a Substantial Transaction Circular
will be issued in due course and a summary thereof will be published accordingly.

Shareholders and the investing public are advised to exercise caution when dealing in the shares of the company.

Atlantic Leaf has its primary listing on the SEM and a secondary listing on the JSE.




By Order of the Board

For further information please contact:

South African joint corporate advisor and JSE sponsor
Java Capital                                                            +27 11 283 0042
South African joint corporate advisor
Leaf Capital                                                            +27 21 657 1180
Corporate secretary
Intercontinental Trust Limited                                          +230 403 0800


30 May 2014




This notice is issued pursuant to SEM Listing Rule 11.3 and the Securities Act 2005.
The Board of Directors of Atlantic Leaf Properties Limited accepts full responsibility for the accuracy of the information
contained in this announcement.

Date: 30/05/2014 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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