Wrap Text
Acclerated Bookbuild
VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
(“Vukile” or “the company”)
ACCLERATED BOOKBUILD
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 Vukile, Vukile proposes an equity raise of approximately R750 million through the
issue of new shares. The new shares will be issued under all or a combination of Vukile’s general authority to issue
shares for cash and/or by way of vendor consideration placing as well as the authorities to issue shares under the
Encha equity funding platform and matching facility as detailed in Vukile’s circular issued to shareholders on
5 June 2013 (the “Encha equity platform and matching placement facility circular”). Of the equity raised, up to
R250 million may be placed with the Encha SPV (as contemplated in the Encha equity platform and matching
placement facility circular) with the remaining equity to be offered to selected investors through an accelerated
bookbuild process (“the bookbuild”).
Subject to a minimum subscription application of R1 million per applicant, both public and non-public investors
(as defined under paragraphs 4.25 – 4.26 of the JSE Listings Requirements) may participate in the equity raise,
provided that the participation of non-public shareholders in the equity raised will be limited to circa R406 million
which is to be raised by way of vendor consideration placing. Only public investors may participate in the portion of
the equity raise to be effected by way of an issue of new shares for cash. The bookbuild is now open and the company
reserves the right to close it at anytime.
The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing
shares. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the
bookbuild.
Vukile 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
Vukile@javacapital.co.za
Tel: (011) 722 3054
22 April 2015
Bookrunner and JSE sponsor NSX sponsor
Java Capital IJG Securities (Pty) Ltd
This announcement is not for publication or distribution or release, directly or indirectly, in the United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 (“Companies Act”). 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 the company. 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.
Date: 22/04/2015 07:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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