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VUKILE PROPERTY FUND LIMITED - Results of Accelerated Bookbuild

Release Date: 18/07/2017 13:09
Code(s): VKE     PDF:  
Wrap Text
Results of Accelerated Bookbuild

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
(“Vukile” or “the company”)


RESULTS OF ACCELERATED BOOKBUILD


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 Vukile has closed its bookbuild announced earlier today.

In light of strong demand, the amount of capital raised was increased from R500 million to R900 million
through the placing of an aggregate of 48 066 103 new shares. The book was significantly oversubscribed,
even at the R900 million level. Of the R900 million of capital raised, R578.75 million was raised pursuant to
the accelerated bookbuild process at R18.80 per share, R71.25 million was raised by way of placement with
management at R18.80 per share and R250 million was raised by way of placement with the Encha SPV at
R18.53 per share in terms of the Encha equity funding platform arrangements as detailed in Vukile’s circular
issued on 5 June 2013.

Subject to approval by the JSE, listing and trading of 48 066 103 new shares is expected to commence at
09:00 on Wednesday, 26 July 2017.

Java Capital acted as sole bookrunner.

18 July 2017


Bookrunner and JSE sponsor                         NSX sponsor
Java Capital                                       IJG Securities (Pty) Ltd



The equity raise is not an offer to the public. Participation in the equity raise is reserved for invited
investors only and subject to the terms and conditions provided to the invited investors.

This announcement is not for publication or distribution or release, directly or indirectly, in the United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 South African
Companies Act 71 of 2008 (as amended). 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 persons 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 Vukile. 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 or by any of their 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
disclaimed.

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, 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.




Date: 18/07/2017 01:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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