Wrap Text
Results of Bookbuild
Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT
ISIN: ZAE000172052
REIT status approved
("Delta" or “the Company”)
RESULTS OF BOOKBUILD
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY
OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO
Shareholders are referred to the SENS announcement released on 24 March
2015, wherein Delta announced the launch of a vendor consideration placing
by way of a bookbuild, to raise approximately R400 million through the
issue of new shares to successful participants (“Bookbuild”).
Delta is pleased to announce that it has successfully priced and closed
the Bookbuild.
Delta received bids for a total value of approximately R523 million and
has decided to accept bids to the value of approximately R503 million.
Accordingly a total number of 56,535,800 new Delta ordinary shares
("Bookbuild Shares") were placed with qualifying investors at a price of
R8.90 per Bookbuild Share.
The issue price represents a premium of 2.9% to the closing price of Delta
shares on Tuesday, 24 March 2015.
Successful participants will be notified of their allocations by close of
business today.
Subject to approval by the JSE Limited ("JSE"), listing and trading of the
Bookbuild Shares are expected to commence at 09h00 on 2 April 2015.
Delta would like to thank all applicants that submitted bids and
participated in the Bookbuild.
Johannesburg
27 March 2015
Corporate Adviser and Lead Bookrunner
PSG Capital
Sponsor and Joint Bookrunner
Nedbank Capital
Communications advisor
Instinctif Partners
Disclaimer
This announcement is restricted and is not for release, publication or
distribution, in whole or in part, directly or indirectly, in or into the
United States of America, Australia, Canada, Japan or any other
jurisdiction in which such release, publication or distribution would be
unlawful. This announcement is for information purposes only, does not
purport to be full or complete, is subject to change and shall not
constitute or form part of an offer or solicitation of an offer to
purchase or subscribe for securities in the United States of America or
any other jurisdiction. No reliance may be placed for any purpose on the
information contained in this announcement or its accuracy or
completeness.
The Bookbuild Shares 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 of America, absent registration or an exemption from, or
transaction not subject to, the registration requirements of the
Securities Act. There will be no public offer of the Bookbuild Shares in
the United States of America.
Neither this announcement nor the Bookbuild constitutes or is intended to
constitute an offer to the public in South Africa in terms of the South
African Companies Act 71 of 2008 (as amended) ("the South African
Companies Act"). In South Africa this announcement is only being
distributed to, and is only directed at, and any investment or investment
activity to which this announcement relates is available only to, and will
be engaged in only with, persons in South Africa who (i) fall within the
categories of persons set out in section 96(1)(a) of the South African
Companies Act or (ii) who are persons who subscribe, as principal, for
Bookbuild Shares at a minimum placing price of R1 000 000, as envisaged in
section 96(1)(b) of the South African Companies Act.
In member states of the European Economic Area (EEA) which have
implemented the Prospectus Directive (each, a Relevant Member State), this
announcement and any offer if made subsequently is directed exclusively at
persons who are qualified investors within the meaning of the Prospectus
Directive (Qualified Investors). For these purposes, the expression
Prospectus Directive means Directive 2003/71/EC (and amendments thereto,
including Directive 2010/73/EU, to the extent implemented in a Relevant
Member State), and includes any relevant implementing measure in the
Relevant Member State.
In the United Kingdom this announcement is only being distributed to, and
is only directed at, and any investment or investment activity to which
this announcement relates is available only to, and will be engaged in
only with, Qualified Investors who are (i) investment professionals
falling with Article 19(5) of the UK Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 (the Order); or (ii) high net worth
entities falling within Article 49(2)(a) to (d) of the Order, or (iii)
other persons to whom it may otherwise be lawfully communicated (all such
persons together being referred to as relevant persons). Persons who are
not relevant persons should not take any action on the basis of this
announcement and should not act or rely on it.
This announcement has been issued by and is the sole responsibility of
Delta. 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 the bookrunners or by any of their 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.
This announcement does not purport to identify or suggest the risks
(direct or indirect) which may be associated with an investment in
Bookbuild Shares. Any investment decision to acquire securities pursuant
to the Bookbuild must be made solely on the basis of publicly available
information. Any such information has not been independently verified by
the bookrunners.
The bookrunners are acting for Delta, and no one else, in connection with
the Bookbuild and will not be responsible to anyone other than Delta for
providing any protections offered to clients of the bookrunners, nor for
providing advice in relation to the Bookbuild.
Date: 27/03/2015 11:12:00 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
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
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,
information disseminated through SENS.
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