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INVESTEC PROPERTY FUND LIMITED - Results of the Accelerated Book Build

Release Date: 28/11/2013 14:00
Code(s): IPF     PDF:  
Wrap Text
Results of the Accelerated Book Build

INVESTEC PROPERTY FUND LIMITED

Approved as a REIT by the JSE

(Incorporated in the Republic of South Africa)

(Registration Number 2008/011366/06)

Share code: IPF     ISIN: ZAE000180915

(“Investec Property Fund” or “the Fund”)





RESULTS OF THE ACCELERATED BOOK BUILD





Investec Property Fund is pleased to announce that it has successfully completed its accelerated book

build offering of new shares (“Accelerated Book Build”) and the book is now closed.



The Accelerated Book Build was oversubscribed, and as a result the amount raised has been increased

to R600 million. Thus, 41,011,620 new Investec Property Fund shares will be issued at a price of R14.63

per share, representing a 5.0% discount to yesterday’s closing price as well as the 30-day volume

weighted average price.



The new shares are expected to be issued and listed on Thursday, 5 December 2013 and will be entitled

to the interim distribution payable by the Fund on 17 December 2013.



Johannesburg

28 November 2013





Investment Bank and Sponsor



Investec Corporate Finance


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