Wrap Text
Accelerated bookbuild
DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIA ISIN: ZAE000158317
JSE share code: DIB ISIN: ZAE000158325
(Approved as a REIT by the JSE)
(“Dipula” or “the company”)
ACCELERATED BOOK BUILD
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR ANY
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO
Subject to pricing acceptable to Dipula, Dipula proposes an equity raise of approximately R300 million (the “equity
raise”) through the issue of new Dipula A and B linked units (“new linked units”) in terms of a vendor consideration
placing to fund acquisitions.
The equity raise will be implemented through an accelerated book build process (the “book build”). The book build is
now open and the company reserves the right to close it at any time thereafter.
The new linked units, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing
linked units. Pricing and allocations will be announced as soon as practicable following the closing of the book build.
Dipula reserves the right to increase the size of the equity raise subject to demand.
Java Capital is acting as sole bookrunner.
Java Capital contact details:
Carl Esterhuysen
Dipula@javacapital.co.za
Tel: (011) 283 0050
5 February 2015
Sole bookrunner and sponsor
Java Capital
The terms and conditions of the bookbuild will be provided to participants and participation in the bookbuild is subject to
these terms and conditions.
This announcement is not for publication or distribution or release, directly or indirectly, in the United States of America
(including its territories and possessions, any state of the United States and the District of Columbia).
This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for
securities in the United States or any other jurisdiction. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or
sold, directly or indirectly, in the United States, absent registration or an exemption from, or transaction not subject to, the
registration requirements of the Securities Act. No public offering of securities is being made in the United States. This
announcement does not and is not intended to constitute an offer to the public in South Africa in terms of the South
African Companies Act 71 of 2008 (as amended). Neither this announcement nor any copy of it may be taken, transmitted
or distributed, directly or indirectly in or into the United States, Canada, Australia or Japan.
This announcement is for information purposes only and in member states of the European Economic Area (other than the
United Kingdom) is directed only at persons who are qualified investors (as defined in article 2(1)(e) of EU directive
2003/71/EC (the “Prospectus Directive”) and the relevant implementing rules and regulations adopted by each Member
State). In the United Kingdom, this announcement is directed only at the following persons: investment professionals
falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
“Order”); and high net worth entities, and other persons to whom it may lawfully be communicated, falling within article
49(2)(a) to (d) of the Order.
This announcement has been issued by and is the sole responsibility of Dipula. No representation or warranty express or
implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Java Capital
or by any of their respective affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement
or any other written or oral information made available to or publicly available to any interested party or its advisers,
and any liability therefore is expressly disclaimed.
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