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MARA DELTA PROPERTY HOLDINGS LIMITED - SEM Approval For The Issue And Listing Of Additional Mara Delta Shares And Issue Of Listing Particulars

Release Date: 18/04/2017 13:00
Code(s): MDP     PDF:  
Wrap Text
SEM Approval For The Issue And Listing Of Additional Mara Delta Shares And Issue Of Listing Particulars

Mara Delta Property Holdings Limited 
(previously Delta Africa Property Holdings Limited) 
(Registered by continuation in the Republic of 
Mauritius) 
(Registration number: C128881 C1/GBL) 
SEM share code: DEL.N0000 
JSE share code: MDP 
ISIN: MU0473N00028 
(“Mara Delta” or “the Company”) 
                                                                    
SEM APPROVAL FOR THE ISSUE AND LISTING OF ADDITIONAL MARA DELTA SHARES AND ISSUE OF LISTING 
PARTICULARS 
                                                                  
The Board of Directors of Mara Delta is pleased to announce that the Listing Executive Committee of the Stock 
Exchange of Mauritius Ltd (“SEM”) has approved, on 18 April 2017: 

        -   the issue and listing of up to 111 399 677 additional Mara Delta shares on the Official Market of the SEM, 
            which may be issued in terms of various future private placements or issues to vendors, at a minimum 
            subscription price of USD 1.54 per share; and 
             
        -   the issue and listing of up to 87 929 897 additional Mara Delta shares on the Official Market of the SEM, which 
            may be issued in terms of various future private placements or issues to vendors, at an issue price not less 
            than the net asset value per share of Mara Delta. 
  
The approval from the Listing Executive Committee of the SEM shall remain valid for a period of 12 months from the 
date of issue of the Listing Particulars, being 18 April 2017. 
  
Shareholders should note that whilst the Listing Executive Committee of the SEM has approved the issue and listing 
of additional shares on the SEM in terms of various future private placements or issues to vendors, each actual issue 
and listing of shares will be subject to the SEM Listing Rules and the JSE Listings Requirements at the time of the actual 
placing and issue of such shares.  
  
All shares issued and listed on the Official Market of the SEM will also be listed on the Main Board of the JSE Limited. 
  
The Company’s strategy, as detailed in its Listing Particulars dated 18 April 2017, is to invest in African real estate 
assets, excluding South Africa, underpinned by predominantly US Dollar and Euro denominated long?term leases with 
high quality tenants, with a view to generating strong sustainable income. The proceeds to be raised through the issue 
of the additional Mara Delta shares will be invested in accordance with the Company’s strategy and investment policy, 
as and when investment opportunities arise. 
  
As required by the Listing Rules of the SEM, the Listing Particulars of the Company, will be made available for inspection 
for at least 14 days, during normal office hours (from 9 a.m. to 5 p.m. Mauritian time) at the registered office of the 
Company which is situated at c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, 
Ebene 72201, Mauritius from 18 April 2017. The Listing Particulars will also be available on the Company’s website: 
www.maradelta.com. 

This announcement is not an invitation to the public to subscribe for shares in the Company and is provided for 
information purposes only. 
   
Mara Delta has its primary listings on both the Main Board of the JSE Limited and the Official Market of the SEM. 
   
By order of the Board 
   
18 April 2017 
  
JSE sponsor and corporate advisor to Mara Delta:
PSG Capital Proprietary Limited
                       
SEM authorised representative and sponsor to Mara Delta:
Perigeum Capital
                               
Directors:  Sandile Nomvete (chairman), Bronwyn Corbett*, Peter Todd (lead independent), Chandra Gujadhur, Maheshwar 
Doorgakant#, Ian Macleod, Leon van de Moortele*, Jacqueline van Niekerk and Matshepo More (*executive director) (#alternate 
to Mr Gujadhur) 
Company secretary: Intercontinental Fund Services Limited 
Registered address: c/o Intercontinental Fund Services Limited, 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: SBM Securities Ltd 
SEM authorised representative & sponsor and transaction advisor: Perigeum Capital Ltd 
     
This notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure 
Obligations of Reporting Issuers) Rules 2007.  The board of directors of the Company accepts full responsibility for the accuracy of 
the information contained in this communiqué. 
     




     

Date: 18/04/2017 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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