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Conversion To Reit Status, Amendment Of Constitution, Changes To Board
New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL) N
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)
CONVERSION TO REIT STATUS, AMENDMENT OF CONSTITUTION, CHANGES TO BOARD
The board of directors of New Frontier (the “Board”) is pleased to announce that the Company has elected to enter
into the UK-Real Estate Investment Trust (“REIT”) regime with effect from 21 October 2015. In this regard:
- the Company has transferred its management and control from Mauritius to the United Kingdom;
- the Company has made certain amendments to its Constitution; and
- certain changes have been made to the Board.
CONVERSION TO REIT STATUS, TRANSFER OF MANAGEMENT AND CONTROL
Shareholders are advised that, as it is to the commercial advantage of the Company and is conducive to the attainment
of its objects and in furtherance of its business, the Company has transferred its place of effective management from
Mauritius to the United Kingdom and has elected to enter into the UK-REIT regime with effect from 21 October 2015.
AMENDMENTS TO THE CONSTITUTION
Shareholders are advised that, in terms of a special resolution passed on 16 October 2015 in terms of section 117 of
the Companies Act, 2001 of Mauritius, the Company has amended certain provisions of its Constitution, to meet the
requirements of the UK-REIT regime.
CHANGES TO THE BOARD
Shareholders are advised that, with effect from 20 October 2015, Ms Catherine McIlraith has resigned from the Board.
The Board wishes to thank Ms McIlraith for her valuable contribution to the Company.
Shareholders are further advised that, with effect from 20 October 2015, the following directors have been appointed
to the board:
- Richard Thomas has been appointed as an independent non-executive director. Richard is chairman of UK
investor advisor Oak Room Capital Partners and has 25 years’ experience of executing transactions across real
estate, infrastructure and energy sectors. A law graduate of Cambridge University, he has also worked for
Land Securities Plc and NationsBank/Bank of America, financing acquisitions for clients such as PepsiCo,
GM, Hanson and Eurotunnel; and
- William Heaney has been appointed as an independent non-executive director. William runs his own
consultancy business, specialising in corporate strategy and administration. He is also a consultant to a
number of businesses, including the property fund management group Internos Global Investors. He was
company secretary and group services director at Chesterton International plc for 19 years and was a director
of Exchequer Partnership plc. He has been company secretary of The Local Shopping REIT plc since its
stock exchange listing in 2007.
New Frontier has its primary listing on the SEM and a secondary listing on the Alternative Exchange of the JSE.
By order of the board
22 October 2015
This notice is issued pursuant to SEM Listing Rule 11.3. The Board of New Frontier Properties Ltd accepts full
responsibility for the accuracy of the information in this notice
For further information please contact:
JSE sponsor
Java Capital +27 11 722 3050
Company secretary
Osiris Corporate Solutions (Mauritius) Ltd +230 650 4030
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