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Update with respect to the private placement
MAS Real Estate Inc.
(formerly MAS plc)
Registered in the British Virgin Islands
Registration number 1750199
Registered as an external company in the Republic of South Africa
Registration number 2010/000338/10
SEDOL (XLUX): B96VLJ5
SEDOL (ALTX): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS” or the “Company”)
UPDATE WITH RESPECT TO THE PRIVATE PLACEMENT
Reference is made to the MAS announcements, the last of which was released on 21 February 2014, regarding
the Company’s private placement.
The number of new shares to be offered in terms of the private placement has been increased to 173 987 429
new shares and therefore the amount of capital to be raised in terms of the private placement has been
increased to approximately R2 740 302 000 or approximately €180 000 000 based on an indicative EUR:ZAR
exchange rate of €1.00:R15.2239 as indicated in the Private Placement Memorandum issued on 10 February
2014.
As previously announced on 19 February 2014, the issue price is confirmed at R15.75 per private placement
share for shares to be issued on the South African share register and the Euro equivalent price of R15.75 per
private placement share at the closing exchange rate on the closing date of the private placement, being 11
March 2014, for shares to be issued on the European share register.
The important dates and times relating to the private placement are as published in the announcement on
21 February 2014 and which are repeated here:
2014
Last day to trade for existing shareholders to be recorded on the share Friday, 14 February
registers to be entitled to participate in the private placement
Final issue price released on the LuxSE website and SENS on Wednesday, 19 February
Record date for existing shareholders to participate in the private placement Friday, 21 February
Confirmation of the maximum number of new shares to be offered and Tuesday, 25 February
amount of capital to be raised in terms of the private placement released on
the LuxSE website and SENS by
Issue of final application forms to applicants by Wednesday, 26 February
Opening date of the private placement at 09:00 (CET) on Tuesday, 4 March
Closing date of the private placement at 12:00 (CET) on Tuesday, 11 March
Payment of subscription amount for certificated shares and dematerialised Tuesday, 11 March
shares on or before 12.00 (CET) on (only applicable for applicants
subscribing for shares via the European share register)
Results of the private placement released on the LuxSE website and SENS Wednesday, 12 March
Notification of allotments by Friday, 14 March
Payment of subscription amount and accounts at CSDP, banks or broker Thursday, 20 March
updated on or before 08:00 (CET) on (only applicable for applicants
subscribing for shares via the South African share register)
Listing of private placement shares on the Euro-MTF and the Altx at Thursday, 20 March
commencement of trade on
Posting of share certificates in respect of certificated shareholders that Thursday, 20 March
subscribed for shares in terms of the private placement on (only applicable
for applicants subscribing for shares via the European share register)
Accounts at CSDP, banks or broker updated in respect of dematerialised Thursday, 20 March
shareholders that subscribed for shares in terms of the private placement on
(only applicable for applicants subscribing for shares via the South African
share register) (2)
Refund of any over-subscriptions for applicants subscribing for applicants Monday, 24 March
subscribing for certificated or dematerialised shares (only applicable for
applicants subscribing for shares via the European share register)
Notes
(1)
All references to time are Central European Time. The above dates and times are subject to change.
Any such amendment will be announced on the LuxSE website (http://www.bourse.lu/Accueil.jsp) and SENS.
(2)
Payment in respect of dematerialised shareholders will be on a delivery versus payment basis.
Notices containing the above details in relation to the private placement and application forms have been
dispatched to the Company’s shareholders today.
Invited applicants who intend subscribing for private placement shares on the LuxSE may obtain application
forms from the Company Secretary and invited applicants who intend subscribing for shares on the JSE may
obtain application forms from the bookrunner, Java Capital.
25 February 2014
For further information please contact:
Helen Cullen, Company secretary, MAS Real Estate Inc. +44 1624 625000
Java Capital, Corporate advisor, bookrunner and JSE sponsor +27 11 283 0042
Charl Brand, M Partners, Luxembourg legal advisor +352 26 386 8602
Date: 25/02/2014 04:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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