Wrap Text
SAC - Accelerated Book Build
SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate" or the "Company")
REIT status approved
ACCELERATED BOOK BUILD
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE
UNLAWFUL TO DO SO
SA Corporate advises shareholders of its intention to conduct a placing (the “Placing”) of new ordinary
shares in the Company (the “Placing Shares”), to raise approximately ZAR500 million of gross proceeds
subject to pricing acceptable to the Company.
The Placing is being conducted through an accelerated bookbuild process (the “Bookbuild”) which will
be launched immediately following this announcement. Only public investors (as defined under
paragraphs 4.25 - 4.26 of the JSE Listing Requirements) will be eligible to participate.
Participation is subject to a minimum subscription application of R1 million per applicant.
Absa Corporate and Investment Bank, a division of Absa Bank Limited (“Absa CIB”) is acting as sole
bookrunner and transaction sponsor in connection with the Placing.
The Placing Shares will be issued by SA Corporate under its existing general authority to issue shares for
cash, granted and approved by shareholders at the annual general meeting of SA Corporate held on
20 May 2016.
Use of Proceeds
The net proceeds of the Placing will be utilised by the Company to finance accretive transactions within
the domestic portfolio either as previously announced on the Stock Exchange News Service (“SENS”) of
the JSE Limited (“JSE”), or reaching conclusion in the near future.
The Placing
The Bookbuild will open with immediate effect following this announcement. The timing of closing of the
book will be at the absolute discretion of SA Corporate.
Details of the number of Placing Shares and the Placing price will be announced on SENS as soon as
practicable after the close of the Bookbuild. SA Corporate reserves the right to increase the size of the
equity raise subject to demand.
When issued, the Placing Shares will be credited as fully paid and will rank pari passu in all respects with
the existing ordinary shares of no par value each in the share capital of the Company, including the right
to receive all dividends and other distributions declared, made or paid on or in respect of such shares
after the date of issue of the Placing Shares.
Application will be made for the Placing Shares to be listed on the JSE with effect from 7 October 2016.
Absa CIB contact details:
Matthew Duggan
Matthew.duggan@absacapital.com
Tel: +27 11 895 7864
4 October 2016
Sole Bookrunner and Transaction Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Sponsor
Nedbank Corporate and Investment Banking
The equity raise is not an offer to the public. Participation in the equity raise is reserved for invited
investors only and subject to the terms and conditions provided to the invited investors.
This announcement is not for publication or distribution or release, directly or indirectly, in the United
States of America (including its territories and possessions, any state of the United States and the District
of Columbia).
This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein
have not been and will not be registered under the United States Securities Act of 1933, as amended (the
'Securities Act'), and may not be offered or sold, directly or indirectly, in the United States, absent
registration or an exemption from, or transaction not subject to, the registration requirements of the
Securities Act. No public offering of securities is being made in the United States. This announcement
does not and is not intended to constitute an offer to the public in South Africa in terms of the South
African Companies Act 71 of 2008 as amended ('Companies Act'). Neither this announcement nor any
copy of it may be taken, transmitted or distributed, directly or indirectly in or into the United States,
Canada, Australia or Japan.
This announcement is for information purposes only and in member states of the European Economic
Area (other than the United Kingdom) is directed only at persons who are qualified investors (as defined
in article 2(1)(e) of EU directive 2003/71/EC (the 'Prospectus Directive') and the relevant implementing
rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at the following persons: investment professionals falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order'); and high net worth entities,
and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the
Order.
This announcement has been issued by and is the sole responsibility of the Company. No representation
or warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is
or will be accepted by Absa CIB or by any of their respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written or oral information made available to
or publicly available to any interested party or its advisers, and any liability therefore is expressly
disclaimed.
Date: 04/10/2016 05:09:00 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.
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