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EQUITES PROPERTY FUND LIMITED - Increase in amount of equity capital raising by accelerated book build

Release Date: 27/07/2017 12:15
Code(s): EQU     PDF:  
Wrap Text
Increase in amount of equity capital raising by accelerated book build

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
(Approved as a REIT by the JSE)
(“Equites” or “the company”)


INCREASE IN AMOUNT OF EQUITY CAPITAL RAISING BY 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

In light of the strong demand in response to the earlier announcement of an equity raise by Equites, Equites
intends to increase its issuance to the maximum of 59 020 730 shares. At an indicative closing price of
1720cps, this would amount to an equity raise of c.R1,015 billion, at which level the book is well over-
subscribed. The accelerated book build process will close for further applications at 13h00.

Java Capital contact details:

Andrew Brooking                         Gareth Earl
Equites@javacapital.co.za               Equites@javacapital.co.za
Tel: (011) 722 3052                     Tel: (011) 722 3064

27 July 2017


Sole bookrunner and sponsor
Java Capital


The equity raising is not an offer to the public as contemplated under the South African Companies Act,
No.71 of 2008 as amended (“Companies Act”), nor an offer of securities in any other jurisdiction.
Participation in the equity raise is reserved for invited investors only and subject to the terms and conditions
provided to the invited investors. 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.

This announcement is not for publication or distribution or release, directly or indirectly, in the United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 Equites. 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.




                                                        
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