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Transcend Residential Property Fund Limited - Results Of Private Placement And Update Regarding The Listing Of Transcend On The Alternative Exchange Of The Jse

Release Date: 25/11/2016 16:00
Code(s): TPF
 
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Results of private placement and update regarding the listing of Transcend on the Alternative Exchange of the JSE

TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2016/277183/06
JSE share code: TPF   ISIN: ZAE000227765
(Approved as a REIT by the JSE)
(“Transcend” or “the company”)


RESULTS OF PRIVATE PLACEMENT AND UPDATE REGARDING THE LISTING OF TRANSCEND ON THE ALTERNATIVE EXCHANGE OF THE JSE


Investors are referred to Transcend’s prospectus issued on Wednesday, 16 November 2016 and the abridged
prospectus released on SENS on the same date detailing the offer by way of a private placement of Transcend ordinary
shares to invited investors (“the private placement”) and the subsequent listing of the company’s shares on the
Alternative Exchange of the JSE (“the listing”), and the announcement released on SENS on Tuesday,
22 November 2016 relating to the amendment to the salient dates and times relating to the private placement and
listing.

The private placement was fully subscribed and Transcend has successfully raised an aggregate amount of
R49 million by placing 7 259 219 of its shares with invited investors at an issue price of R6.75 per share.

Successful applicants will be notified of their allocations from today, 25 November 2016. The allocated shares will be
credited to successful applicants on a ‘delivery-versus-payment’ basis on the date of listing being, Thursday,
1 December 2016.

An application has been made to the JSE for the listing of 66 305 664 ordinary shares in the “Residential REIT’s”
sector of the Alternative Exchange of the JSE with effect from the commencement of trade on the JSE on Thursday,
1 December 2016. Shares will trade under the abbreviated name: “Transcend”, JSE share code: “TPF” and ISIN:
ZAE000227765.

25 November 2016


Corporate advisor, designated advisor and bookrunner
Java Capital


Independent reporting accountants and auditors
KPMG


Attorneys
White & Case SA

Date: 25/11/2016 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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