To view the PDF file, sign up for a MySharenet subscription.

ATLANTIC LEAF PROPERTIES LIMITED - Results of SA private placement of Atlantic Leaf shares, listing on the AltX of the JSE, updated pro forma financial

Release Date: 01/04/2014 10:30
Code(s): ATLP     PDF:  
Wrap Text
Results of SA private placement of Atlantic Leaf shares, listing on the AltX of the JSE, updated pro forma financial

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”)


RESULTS OF THE SA PRIVATE PLACEMENT OF ATLANTIC LEAF SHARES, LISTING ON THE ALTERNATIVE
EXCHANGE OF THE JSE AND UPDATED PRO FORMA FINANCIAL EFFECTS


1.   RESULTS OF THE SA PRIVATE PLACEMENT OF ATLANTIC LEAF SHARES AND LISTING ON THE
     ALTERNATIVE EXCHANGE OF THE JSE

Investors are referred to Atlantic Leaf’s pre-listing statement issued on 28 March 2014 (“the pre-listing statement”) and to the
announcement released on SENS on 28 March 2014, which included the company’s abridged pre-listing statement, detailing the
issue by way of private placement (“the SA private placement”) of Atlantic Leaf shares and the subsequent listing of all of the
company’s issued shares on the Alternative Exchange(“AltX”) of the JSE Limited.

Atlantic Leaf has successfully raised an aggregate amount of GBP 3 293 583 through the SA private placement as further detailed
below.

Atlantic Leaf placed 3 293 583 of its shares with invited investors under the SA private placement at an issue price payable in
Rand which is equivalent to GBP1.00 per share determined at the prevailing GBP:ZAR exchange rate of GBP1.00:ZAR17.61at
12:00 on Monday, 31 March 2014.

Successful applicants under the SA private placement will be advised of their allocation of Atlantic Leaf shares by no later than
Tuesday, 1 April 2014.

The allocated Atlantic Leaf shares will be transferred to successful applicants on a ‘delivery-versus-payment’ basis on the date of
listing being Thursday, 3April 2014.

Accordingly Atlantic Leaf shares will be listed on the AltX with effect from the commencement of trade on the JSE on Thursday,
3 April 2014. Atlantic Leaf shares will trade on the JSE under the abbreviated name: “AtLeaf”, JSE share code: “ALP” and 
ISIN: MU0422N00009.

2.   UPDATED PRO FORMA FINANCIAL EFFECTS

The pro forma statment of financial position presented in the pre-listing statment was prepared on the basis that 20 000 000
private placement shares would be issued in terms of the SA private placement.

As detailed above, 3 293 583 private placement shares were subscribed for in terms of the SA private placement. Accordingly, the
pro forma financial effects of the SA private placement, comprising the company’s net asset value and net tangible asset value per
share, have been updated and are presented in the table below.

Other than the change in the number of private placement shares being issued, all other assumptions, notes, explanatory
statements and guidance to the pro forma statement of financial position are as outlined in the pre-listing statement and remain
unchanged.

                                            Pro forma financial effects per the pre-     Updated pro forma financial effects
                                            listing statement
Net asset value per share (GBP)                               0.99                                         0.95
Net tangible asset value per share (GBP)                      0.99                                         0.95

1 April 2014

South African joint corporate advisor and JSE sponsor
Java Capital
South African joint corporate advisor
Leaf Capital

Date: 01/04/2014 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.