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Rights offer results announcement
INVESTEC AUSTRALIA PROPERTY FUND
Incorporated and registered in Australia in terms of ASIC (ARSN 162 067 736)
Registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No.
45 of 2003 and operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”)
Share code: IAP
ISIN: AU60INL00018
(“IAPF” or “the Fund”)
RIGHTS OFFER RESULTS ANNOUNCEMENT
1. Results of the Rights Offer
Unitholders are referred to the declaration announcement released on the Stock Exchange News Service
(“SENS”) on Tuesday, 31 January 2017 (“Declaration Announcement”), as well as the circular to unitholders
dated Tuesday, 7 February 2017 relating to a partially underwritten rights offer to raise ZAR 1,530,000,000
(AUD 151,127,530 at a ZAR:AUD exchange rate of ZAR 10.1239) through an offer to unitholders of
113,333,342 new units (“Rights Offer Units”) in the ratio of 34.59683 Rights Offer Units for every 100 units
held on the Rights Offer record date, at an issue price of ZAR 13.50 per Rights Offer Unit (“Rights Offer”).
Unitholders are hereby notified that the Rights Offer closed on Friday, 24 February 2017 and the results thereof
are set out below:
Number of
Rights Offer % of Rights
Units Offer Units
Rights Offer Units available for subscription 113,333,342 100.0%
Subscription for Rights Offer Units 65,813,907 58.1%
Applications for excess Rights Offer Units fulfilled 134,609 0.1%
Excess Rights Offer Units allocated to Underwriter 42,688,889 37.7%
Total Rights Offer subscription 108,637,405 95.9%
The Fund will receive a total of AUD 144,319,232 as a result of the Rights Offer.
2. Excess applications
Unitholders are advised that applications for excess will be awarded in full and that 134,609 Rights Offer Units
will be allocated to unitholders in respect of such excess applications. Unit certificates will be posted to
certificated unitholders who have applied for excess Rights Offer Units on Wednesday, 1 March 2017 and
dematerialised unitholders who applied for excess Rights Offer Units will have the excess Rights Offer Units
allocated to them and credited to their accounts by their CSDP or broker on Wednesday, 1 March 2017.
3. Issue of Rights Offer Units
Dematerialised unitholders who subscribed for Rights Offer Units will have their accounts at their CSDP or
broker debited and updated with the Rights Offer Units to which they are entitled on Monday, 27 February 2017.
Certificated unitholders who subscribed for Rights Offer Units will have their new unit certificates in respect of
the Rights Offer Units to which they are entitled posted to them at their own risk on Monday, 27 February 2017.
27 February 2017
Corporate Advisor and Sponsor
Investec Bank Limited
Legal Advisor (Australia)
King & Wood Mallesons
Legal Advisor (South Africa)
Fluxmans Inc.
Date: 27/02/2017 10:52:00 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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