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

ATLANTIC LEAF PROPERTIES LIMITED - Results of dividend election, issue of new shares and total voting rights

Release Date: 21/12/2015 13:45
Code(s): ALP     PDF:  
Wrap Text
Results of dividend election, issue of new shares and total voting rights

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


RESULTS OF DIVIDEND ELECTION, ISSUE OF NEW SHARES AND TOTAL VOTING RIGHTS


Shareholders are referred to the previous announcements, the last of which was released on SENS and on the
website of the Stock Exchange of Mauritius Ltd (“SEM”) on Thursday, 3 December 2015, in respect of the
election by shareholders to receive a share distribution by way of an issue of 2.778 new Atlantic Leaf shares
for every 100 Atlantic Leaf shares held on the record date, being Friday, 18 December 2015 (“share
distribution”) at an issue price of GBP 1.08 per share or a cash dividend of GBP 3.00 pence per share
(65.24220 ZAR cents per share for shareholders on the South African share register) (“cash dividend”) in
respect of the six months ended 31 August 2015.

Following completion of the election, the company hereby announces that in respect of the share
distribution, a total of 354,025 new Atlantic Leaf shares (out of a maximum of 1,710,444 new Atlantic Leaf
shares if all shareholders had elected to receive the share distribution) will be issued on market as listed
shares on Monday, 21 December 2015 on the JSE and the SEM. The new Atlantic Leaf shares issued in
respect of the share distribution will upon their issue be fully paid up and will rank pari passu in all respects
with existing Atlantic Leaf shares in issue and will be fully fungible with effect from the date of listing.

As a result of the new Atlantic Leaf shares to be issued in respect of the share distribution, the company has
issued a further 18,632 new Atlantic Leaf shares (“APIL Shares”) to Atlantic Property Investments Limited
at an issue price equivalent to that of the share distribution (being GBP 1.08 per share), pursuant to the
Funded Carry arrangement and Facility Agreement as detailed in the announcement made by the company
on 25 February 2015. Through the issue of the APIL Shares, the company has raised approximately
GBP 20,122.56 through the company’s Mauritian share register.

Following the issue of the new Atlantic Leaf shares and the APIL Shares, the total issued share capital of the
company will increase to 79,179,442 ordinary shares of no par value each. Therefore, the total number of
voting rights in Atlantic Leaf will be 79,179,442 with effect from Monday, 21 December 2015, which may
be used by shareholders as the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, Atlantic Leaf.

In respect of all shareholders in Mauritius and certificated shareholders in South Africa, the cash dividend
payment will be made by electronic funds transfer and in respect of dematerialised shareholders in South
Africa, your CSDP/broker accounts will be credited and updated.

In respect of certificated shareholders in South Africa, share certificates will be dispatched to all certificated
shareholders by registered post at the risk of such shareholders, on Monday, 21 December 2015 or in
accordance with the instructions given to the South African transfer secretaries.

In respect of dematerialised shareholders in South Africa and Mauritius, CSDP/CDS/broker accounts will be
credited and updated on Monday, 21 December 2015 with the new Atlantic Leaf shares.
Atlantic Leaf has its primary listing on the Official Market of the SEM and a secondary listing on the
Alternative Exchange of the JSE Limited.

By order of the board

For further information please contact:

South African corporate advisor           +27 21 657 1180
Leaf Capital

JSE sponsor                               +27 11 722 3050
Java Capital

Corporate secretary
Intercontinental Trust Limited            +230 403 0800


21 December 2015

This notice is issued pursuant to SEM Listing Rules 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: 21/12/2015 01:45:00 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