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ARROWHEAD PROPERTIES LIMITED - Results Of The Accelerated Bookbuild

Release Date: 25/11/2015 12:35
Code(s): AWB AWA     PDF:  
Wrap Text
Results Of The Accelerated Bookbuild

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000203105
JSE share code: AWB ISIN: ZAE000203113
(Approved as a REIT by the JSE)
(“Arrowhead” or “the company”)


RESULTS OF THE ACCELERATED 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

Shareholders are advised that Arrowhead has closed its book build announced earlier today.

In light of strong demand, Arrowhead increased the amount of capital to be raised from R200 million to R250 million through
the placing of 13 297 872 new A shares at a price of R9.40 per A share and placing 13 297 872 new B shares at a price of R9.40
per B share (collectively, the “new Arrowhead shares”) equating to a discount of approximately 2.5% to the closing spot price
on 24 November 2015.

Subject to approval by the JSE, listing and trading of the new Arrowhead shares is expected to commence at 09:00 on
Wednesday, 2 December 2015.

25 November 2015

Sole bookrunner and sponsor

Java Capital


The terms and conditions of the bookbuild will be provided to participants and participation in the bookbuild is subject to these
terms and conditions.

This announcement is not for publication or distribution or release, directly or indirectly, in the United States of America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). 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 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 Arrowhead. 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: 25/11/2015 12:35:00 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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