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ECHO POLSKA PROPERTIES N.V. - Results of accelerated book build

Release Date: 05/04/2017 13:22
Code(s): EPP     PDF:  
Wrap Text
Results of accelerated book build

ECHO POLSKA PROPERTIES N.V.
(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
(“EPP” or “the Company”)


RESULTS OF ACCELERATED BOOK BUILD


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.

Shareholders are advised that EPP has closed its bookbuild announced earlier today, 5 April 2017.

In light of strong demand the amount of capital raised has been increased to approximately ZAR 2.2 billion through the placing of
118 918 918 new shares at a price of R 18.50 per share (the “new EPP shares”).

Subject to approval by the JSE Limited (“JSE”) and the Luxembourg Stock Exchange (“LuxSE”), listing and trading of the new EPP
shares on the JSE and LuxSE is expected to commence at the opening of trade on 13 April 2017. Investors will have their CSDP and
CDS accounts credited with the new EPP shares on 13 April 2017.

Following the issue of the new EPP shares, the Company will have a total of 704 970 210 shares in issue.

Java Capital acted as sole bookrunner.

EPP is dual primary listed on the Main Board of the JSE and the Euro MTF market of the LuxSE.

5 April 2017


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This announcement is not for publication or distribution or release, directly or indirectly, in the United States of America (including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 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 persons 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 Listing Requirements, the rules and regulations of the LuxSE or
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.


JSE sponsor and sole bookrunner
Java Capital
Phone: +27 11 722 3050

LuxSE Listing Agent
M Partners
Phone: +352 263 868 602

EPP
Magda Cieliczko, Marketing Director Echo Polska Properties
Mobile: +48 603 203 619
magda.cieliczko@echo-pp.com

Date: 05/04/2017 01:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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