MARA DELTA PROPERTY HOLDINGS LIMITED - Results Of Rights Offer With Mara Delta Successfully Raising USD121 Million

Results Of Rights Offer With Mara Delta Successfully Raising USD121 Million

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”)


        RESULTS OF RIGHTS OFFER WITH MARA DELTA SUCCESSFULLY RAISING USD121 MILLION



1.     INTRODUCTION

       Shareholders of Mara Delta are referred to the announcements released by the Company on 28 March 2017,
       28 April 2017, 19 May 2017 and 1 June 2017 and the circular that was distributed to shareholders on Monday,
       12 June 2017 (“Circular”) relating to the Mara Delta rights offer to raise USD 138.45 million (“Rights Offer”).

       In terms of the Rights Offer, Mara Delta offered 98 892 723 ordinary shares (“Rights Offer Shares”) to
       qualifying Mara Delta shareholders, at an issue price of USD 1.40 per share on the basis of 0.81105 Rights
       Offer Shares for every 1 ordinary share held (“Entitlement”) on the Rights Offer record date, being Friday, 9
       June 2017.

2.     RESULTS OF THE RIGHTS OFFER

       The results of the Rights Offer, which closed on Friday, 23 June 2017, are as follow:


                                                        Number of Rights Offer Shares          % of Rights Offer Shares


         Rights Offer Shares available for                                  98 892 723                           100%
         subscription


         Rights Offer Shares subscribed for by                              62 599 733                          63.3%
         Mara Delta shareholders


         Rights Offer Shares subscribed for by                              23 982 806                          24.3%
         the underwriters


       The Rights Offer did not include the right for shareholders to apply for excess Rights Offer Shares.

3.     ISSUE OF RIGHTS OFFER SHARES

       The CSDP and / or broker accounts of holders of dematerialised shares, who have accepted their Entitlement,
       will be credited with the Rights Offer Shares on or about Wednesday, 28 June 2017.

       Following the issue of the Rights Offer Shares, the total issued share capital of the Company will increase to
       208 514 261 ordinary shares of no par value each.

By order of the Board

28 June 2017
             
JSE sponsor and corporate advisor to Mara Delta: PSG Capital                   
SEM authorised representative & sponsor and Mauritian transaction advisor to Mara Delta: Perigeum Capital

Directors: Sandile Nomvete (chairman), Bronwyn Corbett*, Peter Todd (lead independent), Maheshwar Doorgakant#, Chandra
Gujadhur, 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 Mauritian 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: 28/06/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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