CANCELLATION OF S385305 Results of accelerated book build
GREENBAY PROPERTIES LTD
(Incorporated in the Republic of Mauritius on 14 August 2014)
(Registration number C124756 C1/GBL)
SEM share code: GFP.N0000
JSE share code: GRP
(“Greenbay” 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 Greenbay has closed its book build announced earlier today.
The amount of capital raised was approximately ZAR1.1 billion (equivalent to approximately EUR75 million) through
the placing of 591 397 849 new shares at a price of R1.86 per share on the South African register (the “new Greenbay
shares”). The book build was significantly oversubscribed.
Subject to approval by the JSE Limited (“JSE”) and the Stock Exchange of Mauritius Ltd (“SEM”) listing and trading
of the new Greenbay shares on the JSE and SEM is expected to commence at the opening of trade on Monday,
12 June 2017. Investors will have their CSDP and CDS accounts credited with the new Greenbay shares on Monday,
12 June 2017.
Following the issue of the new Greenbay shares, the Company will have a total of 6 893 696 917 shares in issue.
Java Capital acted as sole bookrunner.
By order of the Board
30 May 2017
This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of
Reporting Issuers) Rules 2007. The Board accepts full responsibility for the accuracy of the information in this
The Company has primary listings on both the Official Market of the SEM and the Main Board of the JSE.
The equity raising was not an offer to the public as contemplated under the South African Companies Act, No.71 of
2008 as amended (“Companies Act”) and the Mauritian Securities Act 2005, 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.
Investors on the Mauritian register will be eligible to participate, subject to a minimum subscription of EUR20 000
per new investor.
Settlement of shares on the South African register and the Mauritian register will take place within the system
administered by STRATE and the Central Depository & Settlement Co. Ltd (“CDS”) respectively.
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 (the “Prospectus Directive”) 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 person 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
FORWARD LOOKING INFORMATION
This announcement contains (or may contain) certain forward-looking statements with respect to certain of
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, the SEM Listing Rules 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.
Sole bookrunner and JSE sponsor
Tel: +27 11 722 3050
SEM authorised representative and sponsor
Tel: +230 402 0890
Intercontinental Trust Ltd
Tel: +230 403 0800
Date: 30/05/2017 04:41:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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