To view the PDF file, sign up for a MySharenet subscription.

ATLANTIC LEAF PROPERTIES LIMITED - Placement of 17 235 741 new Atlantic Leaf shares

Release Date: 22/09/2015 10:15
Code(s): ALP     PDF:  
Wrap Text
Placement of 17 235 741 new Atlantic Leaf shares

Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius on 11 November 2013)
(Registration number: 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
(“Atlantic Leaf” or “the company”)


PLACEMENT OF 17 235 741 NEW ATLANTIC LEAF SHARES


Further to the announcement released on the Stock Exchange of Mauritius Ltd (“SEM”) and the Stock
Exchange News Service (“SENS”) of the JSE Limited (“JSE”)on Thursday, 13 August 2015, wherein
Atlantic Leaf announced that it had entered into a strategic relationship with Vukile Property Fund Limited
(“Vukile”), the directors of Atlantic Leaf are pleased to announce that it has concluded the private
placement of 16 139 668 Atlantic Leaf shares to Vukile (the “Vukile Placement”). In addition, the company
has concluded a second private placement of Atlantic Leaf shares to invited participants on substantially the
same terms as the Vukile Placement (the “Supplementary Placement”). The Vukile Placement and the
Supplementary Placement have been concluded in accordance with the authority granted to the directors of
Atlantic Leaf on 7 May 2015.

Through the Vukile Placement and the Supplementary Placement, the company has successfully raised
GBP18.5 million (ZAR373.9 million) through the placement of 17 235 741 new Atlantic Leaf shares (“the
New Atlantic Leaf Shares”) as follows:

   -   16 139 668 new Atlantic Leaf shares under the Vukile Placement at approximately ZAR21.69 per
       share (the “Vukile Shares”), raising approximately GBP17.4 million (ZAR350.0 million) through
       the company’s South African share register;

   -   53 642 new Atlantic Leaf shares under the Supplementary Placement at ZAR22.37 per share, raising
       approximately GBP57 900 (ZAR1.2 million) through the company’s South African share register;
       and

   -   1 042 431 new Atlantic Leaf shares under the Supplementary Placement at GBP1.08 per share,
       raising approximately GBP1.1 million (ZAR22.7 million) through the company’s Mauritian share
       register.

The proceeds raised from the Vukile Placement and the Supplementary Placement will be used to fund the
purchase of property opportunities identified by management and forming part of the company’s acquisition
pipeline, as well as to refinance debt facilities in place for the Booker Portfolio.

The new Atlantic Leaf shares are expected to list and trade on the Alternative Exchange of the JSE (“AltX”)
and the SEM from Thursday, 1 October 2015. Investors will have their CSDP and CDS accounts credited
with the new Atlantic Leaf shares on or before Thursday, 1 October 2015.

The New Atlantic Leaf Shares will not be eligible to receive the interim distribution, if any, declared and
paid by the company for the period from 1 March 2015 to 31 August 2015 (the “Dividend Restriction”).
Save for the Dividend Restriction, the new Atlantic Leaf shares will rank pari passu in all respects with
existing Atlantic Leaf shares in issue. Following the issue of the New Atlantic Leaf Shares, the company
will have a total of 78 806 785 shares in issue.

Atlantic Leaf has its primary listing on the SEM and a secondary listing on the AltX.

By order of the Board
For further information please contact:

South African corporate advisor
Leaf Capital                                                           +27 21 657 1180

JSE sponsor
Java Capital                                                           +27 11 722 3050

Corporate secretary
Intercontinental Trust Limited                                         +230 403 0800

22 September 2015

This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting
Issuers) Rules 2007. The Board of Directors of Atlantic Leaf Properties Limited accepts full responsibility for the accuracy of the
information contained in this announcement.

Date: 22/09/2015 10:15:00 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.

Share This Story