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GAIA INFRASTRUCTURE CAPITAL LIMITED - Results of Private Placement

Release Date: 09/11/2015 14:51
Code(s): GAI     PDF:  
Wrap Text
Results of Private Placement

Gaia Infrastructure Capital Limited
(previously Gaia Capital Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2015/115237/06)
Share Code: GAI
ISIN ZAE000210555)
(“Gaia” or “the Company”)

RESULTS OF PRIVATE PLACEMENT

Shareholders are referred to Gaia’s pre-listing statement
dated 2 November 2015 (“PLS”), as well as the Company’s
abridged pre-listing statement announced on SENS on the same
date, and are advised that the Company’s private placement
closed at 12:00 on Friday, 6 November 2015, as per the
previously announced timetable. Unless the context indicates
to the contrary, capitalised terms not defined herein shall
bear the meaning ascribed thereto in the PLS.

Gaia successfully raised R551 500 000 through the issue of
55 150 000 new shares in the Company to invited investors. The
above placement of new shares with invited investors occurred
at a price of R10.00 per share. Following the issue of the new
shares, the Company shall have 55 151 000 shares in issue.

Subject to final approval by the JSE, Gaia’s listing on the
main board of the JSE is expected to commence on Thursday,
12 November 2015 under the “Non-Equity Investment Instruments”
section of the JSE list.

Following the proposed listing of Gaia as a SPAC, Gaia will
seek to acquire Viable Assets as detailed in the PLS. Any
acquisition of Viable Assets will be subject to Shareholder
approval.

PSG Capital acted as sole bookrunner for the private
placement.

Cape Town
9 November 2015

Corporate advisor, sponsor and sole bookrunner
PSG Capital

Attorneys to Gaia
Edward Nathan Sonnenbergs Incorporated

Date: 09/11/2015 02:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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