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SAFARI INVESTMENTS (RSA) LTD - Results of the private placement of Safari shares and listing on the main board of the JSE Limited

Release Date: 02/04/2014 13:41
Code(s): SAFIE     PDF:  
Wrap Text
Results of the private placement of Safari shares and listing on the main board of the JSE Limited

SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Share code: SAR ISIN: ZAE000188280
(“Safari” or “the Company”)


RESULTS OF THE PRIVATE PLACEMENT OF SAFARI SHARES AND LISTING ON THE MAIN BOARD OF
THE JSE LIMITED

Results of the private placement

Investors are referred to Safari’s pre-listing statement dated 28 March 2014 (“the pre-listing statement”) and the announcement released on
SENS on 31 March 2014, which included the Company’s abridged pre-listing statement, detailing the offer by way of private placement of
Safari’s shares to invited investors and the subsequent listing on the JSE Limited (“JSE”) of the Company’s shares.

The board of directors of Safari (“the board”) is pleased to inform investors that the private placement undertaken by Safari was well
oversubscribed and that Safari received applications for 60 763 287 Safari private placement shares with an aggregate subscription
consideration of R461.8 million. The board has taken the strategic decision to issue 49 135 173 new Safari shares in terms of the private
placement with an average subscription price of approximately R7.63 per private placement share, raising an aggregate amount of R374.5
million. The high demand for the Safari private placement shares reflects the high quality investment opportunity that Safari presents to the
market.

The allocated shares will be transferred to successful applicants on a ‘delivery-versus-payment’ basis on the date of listing being Monday, 7
April 2014.

Listing on the JSE

Following the issue of Safari shares in terms of the private placement, 170 000 000 Safari shares will be listed in the “Real Estate – Retail
REIT” sector of the Main Board of the JSE with effect from the commencement of trade on the JSE on Monday, 7 April 2014.
Shares will trade under the abbreviated name: “Safari”, JSE share code: SAR and ISIN: ZAE000188280.
Definitions used in this announcement shall bear the same meaning as per the pre-listing statement.


02 April 2014
Pretoria

Lead bookrunner and advisor: DEA-RU
Sponsor and joint bookrunner: PSG CAPITAL
Joint advisor and bookrunner: FKC
Attorneys: Edward Nathan Sonnenbergs
Auditors and reporting accountants: Mazars
Independent valuer: Mills Fitchet TVL
Communications advisor: Instinctif

Date: 02/04/2014 01:41:00 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
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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,
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