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Potential new acquisitions and cautionary announcement, as well as further cautionary announcements
DELTA AFRICA PROPERTY HOLDINGS LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number 128881 C1/GBL)
JSE share code: DLA
SEM share code: DEL.N0000
ISIN: MU0473N00010
(“Delta Africa”)
POTENTIAL NEW ACQUISITIONS AND CAUTIONARY ANNOUNCEMENT, AS WELL AS FURTHER CAUTIONARY ANNOUNCEMENTS
1. INTRODUCTION
1.1. With a view to expanding its presence on the African continent (outside South Africa), Delta Africa aims to grow its
existing portfolio by acquiring properties that enjoy quality leases with strong counterparties in US Dollar based
economies.
1.2. In pursuit of this strategy, and in addition to the acquisitions recently announced by Delta Africa on 20 October 2015 (in
respect of Kafubu Mall and Mukuba Mall in Zambia), on 9 November 2015 (in respect of Barclays House in Mauritius) and
on 17 November 2015 (in respect of the Naivasha property in Kenya and the Wings property in Nigeria), Delta Africa is
currently considering certain other potential acquisitions (“New Acquisitions”). While these New Acquisitions have not
yet been finalised or agreed, Delta Africa wishes to provide its shareholders and potential investors with a high-level
overview of these acquisitions, given potential roadshows it may embark on.
2. NEW ACQUISITIONS
2.1. High-level details of the New Acquisitions appear below.
Property 1 Property 2 Property 3
Location Mozambique Mozambique Zambia
Valuation Approximately Approximately Approximately
USD30 000 000 – USD7 000 000 – USD70 000 000 –
USD35 000 000 USD9 000 000 USD80 000 000
Acquisition yield 9.80% 10.90% 7.75%
Sector Commercial / residential Light industrial Retail
Land title Leasehold (50 years) Leasehold Freehold
Gross lettable area / Approximately 14 000 m2 Approximately 6 000 m2 Approximately 26 000 m2
size
Anchor lease – Anchor tenant 1: 7 years 4.5 years 10 years
remaining term Anchor tenant 2: 3 years
Target Within 2 months Within 2 months Within 6 month
implementation date
2.2. Each of the New Acquisitions (if concluded) would be with a different vendor.
3. CAUTIONARY ANNOUNCEMENT REGARDING NEW ACQUISITIONS, FURTHER CAUTIONARY ANNOUNCEMENTS
3.1. As indicated above, the New Acquisitions are still being considered by Delta Africa. Should the negotiations with the
respective vendors relating to New Acquisitions be successfully concluded, this may have a material effect on the price of
Delta Africa securities. Accordingly, shareholders are advised to exercise caution when dealing in the company’s
securities until a full announcement is made.
3.2. Shareholders are referred to Delta Africa’s announcements dated 4 November 2015 and 17 November 2015 regarding a
proposed transaction with The Pivotal Fund Limited and are advised to continue exercising caution when dealing in Delta
Africa’s securities until the financial effects of the Specific Issue and the Termination Issue (as referred to in the
announcement on 17 November 2015) on Delta Africa are announced.
3.3. Shareholders are reminded that Delta Africa is also trading under cautionary, pursuant to its announcement dated
9 November 2015 in respect of its Barclays House acquisition, such cautionary announcement having been renewed by
Delta Africa in its abovementioned announcement on 17 November 2015. Accordingly, shareholders are also advised to
continue exercising caution when dealing in Delta Africa’s securities until a full announcement is made by Delta Africa in
respect of the Barclays House acquisition.
4. GENERAL
Should the New Acquisitions be concluded and be implemented, they will constitute an undertaking in the ordinary course of
business of Delta Africa and therefore does not fall under the scope of Chapter 13 of the SEM Listing Rules.
20 November 2015
Directors: Sandile Nomvete (chairman), Greg Pearson*, Greg Booyens*, Bronwyn Anne Corbett*, Peter Todd (lead
independent), Maheshwar Doorgakant, Chandra Kumar Gujadhur, Ian Macleod and Leon van de Moortele*
(*executive director)
Company Secretary: Apex Fund Services (Mauritius) Ltd
Registered address: 4th Floor, Raffles Tower, 19 Cybercity, Ebene, Mauritius
Transfer secretary in South Africa: Computershare Investor Services (Pty) Ltd
Registrar and Transfer Agent (Mauritius): Mauritius Computing Services Ltd
Corporate advisor and JSE Sponsor: PSG Capital (Pty) Ltd
SEM sponsor: Capital Markets Brokers Ltd
This Notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and the Securities Act of Mauritius 2005.
The board of directors of Delta Africa Property Holdings Limited accepts full responsibility for the accuracy of the information
contained in this communiqué.
Date: 20/11/2015 03:12:00 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,
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