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DELTA INTERNATIONAL PROPERTY HOLDINGS LIMITED - Results of Private Placement

Release Date: 16/07/2014 15:37
Code(s): DLI     PDF:  
Wrap Text
Results of Private Placement

DELTA INTERNATIONAL PROPERTY HOLDINGS LIMITED
(Formerly Osiris Properties International Limited)
(Incorporated in Bermuda with registration number 46566)
BSX share code: DLI.BH
JSE share code: DLI
ISIN: BMG2707T1018
(“Delta International” or “the company”)


RESULTS OF PRIVATE PLACEMENT


Delta International is pleased to announce that it has successfully raised total equity of US$87 million through the
issue of new Delta International shares (the “new shares”), at the Rand equivalent issue price of US$2.00 per share
(the “equity raise”). The proceeds of the equity raise will be used to partially fund the acquisition of a portfolio of
African real estate assets in Morocco and Mozambique.

A total of 9 962 500 new shares were issued and listed on 11 July 2014.

The balance of 33 291 876 new shares are expected to be issued and list on Wednesday, 23 July 2014.

Following the issue of the new shares the total issued share capital of the company will increase to 43 918 556
common shares.

The equity raise was offered to invited investors through a private placement process and Java Capital acted as sole
bookrunner.

The new shares are being issued in terms of an authority to issue shares granted at the company’s special general
meeting held on 12 May 2014.

The company has a primary listing on the BSX and a secondary listing on the JSE.

16 July 2014


Bookrunner, corporate advisor and JSE sponsor
Java Capital


BSX sponsor
Global Custody and Clearing Limited, Bermuda

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