NEW FRONTIER PROPERTIES LIMITED - Posting of circular, notice of special meeting in respect of approval of proposed reduction of stated capital

Posting of circular, notice of special meeting in respect of approval of proposed reduction of stated capital

New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or the “Company”)


POSTING OF CIRCULAR AND NOTICE OF SPECIAL MEETING IN RESPECT OF APPROVAL OF THE PROPOSED REDUCTION OF THE 
STATED CAPITAL OF THE COMPANY


Shareholders are advised that the Board of New Frontier has put forward a proposal for the reduction of the
Company’s stated capital (the “capital reduction”) for approval by shareholders at a Special Meeting of shareholders,
which has been convened on Tuesday, 11 July 2017 at 10:00 UK time (11:00 South African time; 13:00 Mauritian
time).

The aim of the capital reduction is to create an adequate amount of distributable reserves for New Frontier as at
30 June 2017, in order to protect the Company from non-cash movements in its balance sheet. In relation to this,
shareholders are advised that a circular (the “circular”), incorporating a notice of special meeting, was posted to
shareholders today, Friday, 9 June 2017.

The special meeting of New Frontier shareholders will be held at 2nd Floor, 86 Brook Street, London, W1K 5AY,
United Kingdom on Tuesday, 11 July 2017 at 10:00 UK time (11:00 South African time; 13:00 Mauritian time), to
consider and, if deemed fit, pass, with or without modification, the resolutions contained in the notice of special
meeting. A copy of the circular is available on the Company’s website (www.newfrontierprop.com).

The salient dates and times in relation to the special meeting are set out in the table below:

                                                                                                                2017
 Record date for posting the circular                                                                 Friday, 2 June

 Circular and a notice convening special meeting posted to Shareholders and announced on
 SENS and the SEM Website                                                                             Friday, 9 June

 Last day to trade to vote at the special meeting                                                   Tuesday, 27 June

 Record date to be recorded in the register in order to be entitled to vote at the special
 meeting                                                                                             Friday, 30 June

 Last date and time to lodge forms of proxy for the special meeting no later than 10:00 South
 African time/12:00 Mauritian time on                                                                 Friday, 7 July

 Date and time of special meeting to consider and pass special resolution to approve the
 capital reduction at 10:00 UK time (11:00 South African time; 13:00 Mauritian time) on             Tuesday, 11 July

 Results of special meeting released on the SEM website and SENS of the JSE                         Tuesday, 11 July

Note:
The above dates and times are subject to amendment. Any such amendment will be announced on the SEM website
and the Stock Exchange News Service of the JSE.

New Frontier has a dual primary listing on the SEM and the Alternative Exchange of the JSE.

By order of the board


9 June 2017

For further information, please contact:

JSE sponsor
Java Capital                                     +27 11 722 3050

Company secretary
Osiris Corporate Solutions (Mauritius) Ltd       +230 650 4030


This announcement is issued pursuant to SEM Listing Rules 11.3. The board of directors of New Frontier Properties
Ltd accepts full responsibility for the accuracy of the information contained in this announcement.

Date: 09/06/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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