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VUKILE PROPERTY FUND LIMITED - Accelerated Bookbuild

Release Date: 13/04/2016 09:00
Code(s): VKE     PDF:  
Wrap Text
Accelerated Bookbuild

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
(“Vukile” or “the company”)


ACCLERATED 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

Subject to pricing acceptable to Vukile, Vukile proposes an equity raise of approximately R300 million through the issue of new
shares (“the equity raise”). The new shares will be issued under Vukile’s general authority to issue shares for cash. The equity
raise is to be offered to selected investors through an accelerated bookbuild process (“the bookbuild”).

Applications are subject to a minimum subscription application of R1 million per applicant. Only public investors (as defined
under paragraphs 4.25 – 4.26 of the JSE Listings Requirements) may participate in the equity raise.

The bookbuild is now open and the company reserves the right to close it at anytime.

The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares. Pricing
and allocations will be announced as soon as is reasonably practicable following the closing of the bookbuild.

Vukile reserves the right to increase the size of the equity raise subject to demand.

Java Capital is acting as sole bookrunner.

Java Capital contact details:

Carl Esterhuysen
Vukile@javacapital.co.za
Tel: (011) 722 3054

13 April 2016


Bookrunner and JSE sponsor                                   NSX sponsor
Java Capital                                                 IJG Securities (Pty) Ltd




The equity raising is not an offer to the public as contemplated under the South African Companies Act, No.71 of 2008
as amended (“Companies Act”), nor an offer of securities in any other jurisdiction. Potential investors are only
permitted to apply for shares with a minimum total acquisition cost, per single addressee acting as principal, of
greater than or equal to ZAR1,000,000, unless the potential investor is a person, acting as principal, whose ordinary
business, or part of whose ordinary business, is to deal in securities, whether as principal or agent (in reliance on
Section 96(1)(a)(i) and 96(1)(b) of the Companies Act) or such applicant falls within one of the other specified
categories of persons listed in section 96(1) of the Companies Act.
                                                                                                                           
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 Companies Act. 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 (the “Prospectus Directive”) 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 person 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 the company. 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 (sole bookrunner and JSE Sponsor) or by any of its 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.

FORWARD LOOKING INFORMATION

This announcement contains (or may contain) certain forward-looking statements with respect to certain of the
company's plans and its current goals and expectations relating to its future financial condition and performance and
which involve a number of risks and uncertainties. The company cautions readers that no forward-looking statement
is a guarantee of future performance and that actual results could differ materially from those contained in the
forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they
relate to future events and circumstances a number of which are beyond the company's control. These forward-
looking statements reflect the company's judgement at the date of this announcement and are not intended to give any
assurance as to future results. Except as required by the JSE Listings Requirements, applicable law, the company
expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking
statements contained in this announcement to reflect any changes in the company’s expectations with regard thereto
or any changes in events, conditions or circumstances on which any such statement is based.

Date: 13/04/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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