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ATLANTIC LEAF PROPERTIES LIMITED - SEM Approval for the issue of additional Atlantic Leaf shares

Release Date: 22/01/2016 14:33
Code(s): ALP     PDF:  
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SEM Approval for the issue of additional Atlantic Leaf shares

Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius on 11 November 2013)
(Registration number 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
(“Atlantic Leaf” or the “Company”)


SEM APPROVAL FOR THE ISSUE OF ADDITIONAL ATLANTIC LEAF SHARES


The Board of Directors of Atlantic Leaf is pleased to announce that the Listing Executive Committee of the Stock Exchange of
Mauritius Limited (“SEM”) has on 22 January 2016 approved the issue and listing of an additional 66 594 555 ordinary shares of
the Company (the “Additional Shares”) at a price per share that will not be less than the net asset value per Atlantic Leaf share at
the time any such issue and listing is undertaken (the “New Authority”).

For a full appreciation of the Company, the Second Supplement to the Listing Particulars relating to this New Authority and the
Listing Particulars of the Company should be read in their entirety.

As required by the Listing Rules of the SEM, the Second Supplement to the Listing Particulars and the Listing Particulars of the
Company will be made available for inspection for at least 10 business days, during normal office hours (from 9 a.m. to 5 p.m.
Mauritian time) at the registered office of the Company which is situated at Level 3, Alexander House, 35 Cybercity, Ebene
72201, Mauritius. The Listing Particulars and the Second Supplement to the Listing Particulars will also be available on the
Company’s website, www.atlanticleaf.mu (Investor Relations > Announcements).

In terms of the New Authority, the Company is still required to obtain approval from shareholders prior to issuing and allotting all
or a portion of the Additional Shares.

PREVIOUS AUTHORITY TO ISSUE NEW ORDINARY SHARES
The Company currently has authority from the SEM (obtained on 26 May 2015) and from the shareholders of the Company
(obtained on 12 June 2015) to issue and list up to 100 000 000 ordinary shares by way of private placement (the “Existing
Authority”). Under the Existing Authority, 46 594 555 ordinary shares have already been issued, resulting in the Company
having authority to issue a further 53 405 445 ordinary shares (in terms of the Existing Authority).

COMBINED AUTHORITY TO ISSUE NEW ORDINARY SHARES
Following the SEM approval for the issuing and listing of the Additional Shares and in terms of the New Authority and Existing
Authority, the Company currently has authority from the SEM to issue and list a combined total of 120 000 000 new ordinary
shares of the Company at a price per share that will not be less than the net asset value per Atlantic Leaf share at the time any such
issue and listing is undertaken. As stated above, the Company is required to obtain shareholder approval prior to issuing and
allotting all or a portion of the Additional Shares. In this regard, the Company will distribute a written resolution of shareholders
for consideration. Approval from shareholders holding at least 75% of the issued shares is required for passing of the written
resolution of shareholders.

This announcement is not an invitation to the public to subscribe for shares in the Company and is provided for information
purposes only.

Atlantic Leaf has its primary listing on the SEM and a secondary listing on the AltX of the JSE.

By order of the Board.

For further information please contact:

JSE sponsor
Java Capital                                                          +27 11 722 3050
South African corporate advisor
Leaf Capital                                                          +27 21 657 1180
Corporate secretary
Intercontinental Trust Limited                                        +230 403 0800

22 January 2016

Date: 22/01/2016 02:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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