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MARA DELTA PROPERTY HOLDINGS LIMITED - Cancellation of Wings Acquisition

Release Date: 02/09/2016 12:30
Code(s): MDP     PDF:  
Wrap Text
Cancellation of Wings Acquisition

MARA DELTA PROPERTY HOLDINGS LIMITED 
(previously Delta Africa Property Holdings Limited) 
(Registered by continuation in the Republic of Mauritius) 
(Registration number 128881 C1/GBL) 
SEM share code: DEL.N0000 
JSE share code: MDP 
ISIN: MU0473N00028 
(“Mara Delta” or “the Company”) 

 
CANCELLATION OF THE WINGS ACQUISITION 
 

Shareholders are referred to the joint announcements released by Mara Delta and The Pivotal Fund Limited 
(“Pivotal”) on SENS and on the website of the Stock Exchange of Mauritius Limited on 17 November 2015 and 7 
December 2015 as well as the circular to Mara Delta shareholders dated 4 April 2016 regarding, inter alia, the 
acquisition by Mara Delta of 100% shareholding in SB Wings Development Limited, a wholly owned subsidiary of 
Pivotal, which has as its sole asset a 37.1% shareholding in Oando Wings Development Limited, a Nigerian 
company undertaking a large office development on its immovable property in Lagos, Nigeria (“Wings 
Acquisition”). 

Shareholders are advised that Mara Delta and Pivotal have, by mutual agreement between the parties, decided 
not to pursue the Wings Acquisition. The recent announcement of Pivotal’s sale to Redefine Properties Limited 
(“Redefine”) and Redefine’s strategy which excludes Africa has resulted in the parties agreeing not to conclude 
the sale transaction. 

The Company has its primary listings on both the Official Market of the SEM and the main board of the JSE. 

2 September 2016 
 
PSG Capital Proprietary Limited: JSE sponsor and corporate advisor to Mara Delta            

Perigeum Capital: SEM Authorised Representative and Sponsor to Mara Delta 
                                
                         
Directors: Sandile Nomvete (chairman), Bronwyn Anne Corbett*, Peter Todd (lead independent), Maheshwar Doorgakant, 
Chandra Kumar Gujadhur, Ian Macleod, Leon van de Moortele*, Ashish Thakkar, Jaqueline Roxanne van Niekerk and David 
Stanley Savage 
(*executive director) 
Company secretary: Intercontinental Fund Services Limited 
Registered address: Level 5, Alexander House, 35 Cybercity, Ebène, 72201, Mauritius 
Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited 
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited 
Corporate advisor and JSE sponsor: PSG Capital Proprietary Limited   
Sponsoring Broker: Capital Markets Brokers Limited 
SEM authorised representative and sponsor: Perigeum Capital Ltd 
                                                                                                                            
This Notice is issued pursuant to the JSE Listings requirements, SEM Listing Rule 11.3 and the Securities Act of Mauritius 2005. 
 
The board of directors of the Company accepts full responsibility for the accuracy of the information contained in this 
communiqué. 

Date: 02/09/2016 12:30:00 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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