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SA CORPORATE REAL ESTATE LIMITED - SAC - Results of the Accelerated Book Build

Release Date: 30/06/2017 07:18
Code(s): SAC     PDF:  
Wrap Text
SAC - Results of the Accelerated Book Build

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate" or the "Company")
REIT status approved

RESULTS OF THE ACCELERATED BOOKBUILD

Further to the announcement released by SA Corporate on the Stock Exchange News Service of the JSE
Limited (“JSE”) on Thursday, 29 June 2017 regarding the placing of new ordinary shares in the Company
(the “Placing Shares”), by means of an accelerated bookbuild (the “Placing”), the Company is pleased
to advise that the Placing was successfully priced on Friday, 30 June 2017.

The Company placed 113 207 547 ordinary shares (“Placing Shares”), representing 4.68287% of the
ordinary issued share capital of SA Corporate. The Placing was priced at ZAR5.30 per ordinary share
(“Placing Price”), and raised gross proceeds of approximately ZAR600 million.

An application has been or will be made to the JSE for the admission of the Placing Shares.

Subject to approval by the JSE, listing and trading of the Placing Shares on the JSE is expected to
commence at the opening of trade on Wednesday, 5 July 2017. Investors will have their CSDP and CDS
accounts credited with the new SA Corporate ordinary shares on Wednesday, 5 July 2017.

Following the issue of the Placing Shares, the Company will have a total of 2 530 689 337 ordinary
shares in issue.

30 June 2017

Sole Bookrunner and Transaction Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Legal Counsel to the Bookrunner
Bowman Gilfillan Inc.

Sponsor
Nedbank Corporate and Investment Banking

Date: 30/06/2017 07:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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