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ATTACQ LIMITED - Results of the Private Placement, Listing on the Main Board of The JSE Limited and Implementation of transactions

Release Date: 08/10/2013 14:22
Code(s): ATT     PDF:  
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Results of the Private Placement, Listing on the Main Board of The JSE Limited and Implementation of transactions

ATTACQ LIMITED
(previously Atterbury Investment Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1997/000543/06)
JSE share code: ATT ISIN: ZAE000177218
(“Attacq” or “the company”)


RESULTS OF THE PRIVATE PLACEMENT OF ATTACQ SHARES, LISTING ON THE MAIN BOARD OF THE JSE
AND IMPLEMENTATION OF CERTAIN TRANSACTIONS


RESULTS OF THE PRIVATE PLACEMENT

Investors are referred to Attacq’s prospectus issued on 4 October 2013 (“the prospectus”) and to the announcement released on SENS
on 4 October 2013, which included the company’s abridged prospectus, detailing the offer by way of the private placement of Attacq
shares to invited investors and the subsequent listing on the JSE of the company’s shares and to the announcement released on SENS
on 7 October 2013 relating to the closing of the private placement (“the closing announcement”).

As per the closing announcement, due to unprecedented levels of interest from invited investors, the board of Attacq took the decision
to close the offer under the private placement on Monday, 7 October 2013.

Although there was interest far in excess of supply at pricing significantly above the indicative price of R15.00 per share, the board
took the strategic decision to issue the private placement shares at R14.50 per share.

Attacq has successfully raised an aggregate amount of R800 million through the private placement, as further detailed below.

Attacq placed 55 172 413 of its shares with invited investors under the private placement at an issue price of R14.50 per share.

The allocated shares will be transferred to successful applicants on a ‘delivery-versus-payment’ basis on the date of listing being
Monday, 14 October 2013.

AAM ACQUISITION

As detailed in the prospectus, in order to internalise the asset management function, Attacq agreed to acquire all of the issued shares in
Atterbury Asset Managers Proprietary Limited, the asset manager (“the AAM acquisition”). As part of the AAM acquisition,
previous shareholders of Atterbury Asset Managers Proprietary Limited have subscribed for 11 333 142 new Attacq shares at an issue
price being the net asset value per share of Attacq at 30 June 2013 in terms of the AAM acquisition agreements.

AWIC ACQUISITION

As detailed in the prospectus, the trustees of the Trinsam Trust (“the Trinsam Trust”), Attacq and Atterbury Waterfall City
Proprietary Limited (“AWC”) concluded a written sale of shares agreement, in terms of which, inter alia, the Trinsam Trust sold 6
123 ordinary shares in the issued ordinary share capital of AWC to Attacq, in consideration for which Attacq agreed to allot and issue
ordinary shares in its capital to the Trinsam Trust (“the AWIC acquisition”). The first tranche of R13.5 million of the purchase
consideration was settled by way of the issue of 1 129 591 new Attacq shares at an issue price being the net asset value per share of
Attacq at 30 June 2013 in terms of the AWIC acquisition agreements.

LISTING ON THE JSE

Following the issue of Attacq shares in terms of the private placement, the AAM acquisition and the AWIC acquisition, 614 570 615
Attacq shares will be listed in the “Real Estate – Real Estate Holdings and Development” sector of the Main Board of the JSE with
effect from the commencement of trade on the JSE on Monday, 14 October 2013. Shares will trade under the abbreviated name:
“Attacq”, JSE share code: ATT and ISIN: ZAE000177218.

Definitions used in this announcement are as per the prospectus issued on 4 October 2013.

8 October 2013

Corporate advisor, sponsor and bookrunner
Java Capital

Independent transaction sponsor
Deloitte & Touche

Independent reporting accountants and auditors
Deloitte & Touche

Attorneys
Edward Nathan Sonnenbergs

Date: 08/10/2013 02:22:00 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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