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SA CORPORATE REAL ESTATE LIMITED - Dealing in securities by directors and the company secretary

Release Date: 14/12/2015 15:57
Code(s): SAC     PDF:  
Wrap Text
Dealing in securities by directors and the company secretary

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
(Approved as a REIT by the JSE Limited)
Share Code: SAC
ISIN: ZAE000203238
(“SA Corporate” or the “Company”)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN OR ANY OTHER JURISDICTION IN RESPECT OF WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE,
DIRECTLY OR INDIRECTLY, OF THIS ANNOUNCEMENT WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION OR IN RESPECT OF WHICH THE OFFERING CONTEMPLATED BY THIS ANNOUNCEMENT IS UNLAWFUL. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO PURCHASE, OTHERWISE
ACQUIRE, SUBSCRIBE FOR, SELL, OTHERWISE DISPOSE OF OR PURCHASE ANY SECURITY IN ANY JURISDICTION.

In compliance with the Listings Requirements of the JSE Limited, the following directors and company secretary
of SA Corporate, elected to follow their rights to subscribe for new SA Corporate ordinary shares, as detailed
below, pursuant to the rights offer by SA Corporate, the terms of which were announced on SENS on 13
November 2015 and further detailed in the circular to shareholders dated 24 November 2015.


The rights offer by SA Corporate is in respect of 263,141,113 new SA Corporate ordinary shares (“rights offer
shares”) offered to SA Corporate shareholders recorded in SA Corporate’s share register at the close of business
on Friday, 27 November 2015, at a subscription price of 457 cents per rights offer share, in the ratio of 13.00
rights offer shares for every 100 SA Corporate ordinary shares held. The rights offer closed on Friday, 11
December 2015.

 Name of director                        :                      Mr TR Mackey
 Company                                 :                      SA Corporate Limited
 Nature of transaction                   :                      Off-market purchase of shares in terms of the rights
                                                                issue
 Number of securities                    :                      475 902
 Class of securities                     :                      Ordinary shares offered in terms of the rights issue
 Total value of transaction              :                      R2 174 872.14
 Nature of interest                      :                      Indirect beneficial: 447 301 shares
                                                                Direct beneficial: 28 601 shares

 Name of director                        :                      Mrs AM Basson
 Company                                 :                      SA Corporate Limited
 Nature of transaction                   :                      Off-market purchase of shares in terms of the rights
                                                                issue
 Number of securities                    :                      55 000
 Class of securities                     :                      Ordinary shares offered in terms of the rights issue
 Total value of transaction              :                      R251 350.00
 Nature of interest                      :                      Direct beneficial

 Name of director                        :                      Mr J Molobela
 Company                                 :                      SA Corporate Limited
 Nature of transaction                   :                      Off-market purchase of shares in terms of the rights
                                                                issue
 Number of securities                    :                      5 881
 Class of securities                     :                      Ordinary shares offered in terms of the rights issue
 Total value of transaction              :                      R26 876.17
 Nature of interest                      :                      Direct beneficial

 Name of director                        :                      Mr KJ Forbes
 Company                                 :                      SA Corporate Limited
 Nature of transaction                   :                      Off-market purchase of shares in terms of the rights
                                                                issue
 Number of securities                    :                      44 000
 Class of securities                     :                      Ordinary shares offered in terms of the rights issue
 Total value of transaction              :                      R201 080.00
 Nature of interest                      :                      Direct beneficial

 Name of director                        :                      Mr RJ Biesman-Simons
 Company                                 :                      SA Corporate Limited
 Nature of transaction                   :                      Off-market purchase of shares in terms of the rights
                                                                issue
 Number of securities                    :                      6 500
 Class of securities                     :                      Ordinary shares offered in terms of the rights issue
 Total value of transaction              :                      R29 705.00
 Nature of interest                      :                      Indirect beneficial
                                         
 Name of director                        :                      Mr ES Seedat
 Company                                 :                      SA Corporate Limited
 Nature of transaction                   :                      Off-market purchase of shares in terms of the rights
                                                                issue
 Number of securities                    :                      2 860
 Class of securities                     :                      Ordinary shares offered in terms of the rights issue
 Total value of transaction              :                      R13 070.20
 Nature of interest                      :                      Direct beneficial
                                         
 Name of company secretary               :                      Mr B Swanepoel
 Company                                 :                      SA Corporate Limited
 Nature of transaction                   :                      Off-market purchase of shares in terms of the rights
                                                                issue
 Number of securities                    :                      26 985
 Class of securities                     :                      Ordinary shares offered in terms of the rights issue
 Total value of transaction              :                      R123 321.45
 Nature of interest                      :                      Direct beneficial

Clearance to deal was obtained for the above transactions.


Johannesburg
14 December 2015

Joint bookrunner, financial advisor and transaction sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Joint bookrunner, financial advisor and transaction sponsor
The Corporate Finance division of Investec Bank Limited

Legal adviser
Cliffe Dekker Hofmeyr Inc.

Sponsor
Nedbank Corporate and Investment Banking

Date: 14/12/2015 03:57:00 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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