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

Release Date: 16/05/2016 10:00
Code(s): ALP     PDF:  
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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, 28 April 2016, in respect of the
election by shareholders to receive a share distribution by way of an issue of 3.704 new Atlantic Leaf shares
for every 100 Atlantic Leaf shares held on the record date, being Friday, 13 May 2016 (“share
distribution”) at an issue price of GBP 1.08 per share or a cash dividend of GBP 4.00 pence per share
(84.35120 ZAR cents per share for shareholders on the South African share register) (“cash dividend”) in
respect of the year ended 28 February 2016.

Following completion of the election, the company hereby announces that in respect of the share
distribution, a total of 451,938 new Atlantic Leaf shares (out of a maximum of 4,570,999 new Atlantic Leaf
shares if all shareholders had elected to receive the share distribution) will be issued on market as listed
shares on Monday, 16 May 2016 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 23,786 new Atlantic Leaf 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 (“APIL Shares”). Through the issue of the APIL Shares, the company has raised approximately GBP
25,689 through the company’s Mauritian share register.

Following the issue of the APIL Shares and the new Atlantic Leaf shares in respect of the share distribution,
the total issued share capital of the company will increase to 123,882,814 ordinary shares of no par value
each. Therefore, the total number of voting rights in Atlantic Leaf will be 123,882,814 with effect from
Monday, 16 May 2016, 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, 16 May 2016 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, 16 May 2016 with the new Atlantic Leaf shares.
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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

16 May 2016

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




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: 16/05/2016 10:00:00 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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