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ASCENSION PROPERTIES LIMITED - Results of Private Placement

Release Date: 27/03/2013 17:25
Code(s): AIA AIB     PDF:  
Wrap Text
Results of Private Placement

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa on 23 August 2006)
(Registration number 2006/026141/06)
A-linked units JSE code: “AIA” ISIN: ZAE000161881
B-linked units JSE code: “AIB” ISIN: ZAE000161899
(“Ascension”)


RESULTS OF THE PRIVATE PLACEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, JAPAN OR ANY JURISDICTIONIN WHICH IT WOULD BE UNLAWFUL TO DO
SO


Ascension has successfully closed its book build, having raised R150 million. The Ascension linked units to be
issued pursuant to the book build process have been priced at R4.50 and R2.45 per Ascension A and B linked
unit respectively. The books were well oversubscribed at these levels.

A total of 17 607 938 new A linked units and a total of 28 885 849 new B linked units are expected to be issued
and list on Tuesday, 9 April 2013. As the number of Ascension linked units to be issued in terms of the private
placement is in excess of 5% of the number of Ascension linked units in issue prior to the private placement, a
further announcement will be made setting out the pro forma financial effects of the private placement.


27 March 2013

Joint bookrunner, corporate advisor and sponsor
Java Capital


Joint bookrunner
Standard Bank


Java Capital contact details:
Travis Green
tgreen@javacapital.co.za
Tel: (011) 283 0171
Cell: 083 304 1200

Standard Bank contact details:
Mesh Pillay
mesh.pillay@standardbank.co.za
Tel: (011) 631 1470
Cell: 073 591 0340

Date: 27/03/2013 05:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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