To view the PDF file, sign up for a MySharenet subscription.

GREENBAY PROPERTIES LIMITED - Increase in amount of equity capital raising by accelerated book build - GRP

Release Date: 08/08/2017 11:18
Code(s): GRP     PDF:  
Wrap Text
Increase in amount of equity capital raising by accelerated book build - GRP

GREENBAY PROPERTIES LTD
(Formerly known as Green Flash Properties Ltd)
(Incorporated in the Republic of Mauritius on 14 August 2014)
(Registration number C124756 C1/GBL)
SEM share code: GFP.N0000
JSE share code: GRP
ISIN: MU0461N00007
(“Greenbay” 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 substantial demand for its shares in response to the announcement released today of an equity raising
through the issue of new ordinary shares (the “equity raise”), Greenbay confirms that it will increase the amount of
the equity raise from R2 billion to R4 billion to be issued on the JSE at ZAR1.97 per share and on the SEM at
EUR0.126 per share.

The equity raise is being offered to qualifying investors through an accelerated book build process (the “book build”),
which will close at 11.30 (SA time).

Java Capital is acting as sole bookrunner.

Java Capital contact details:

Andrew Brooking                          Thys de Beer
Greenbay@javacapital.co.za               Greenbay@javacapital.co.za
Tel: (011) 722 3052                      Tel: (011) 722 3057

Java Capital is acting as sole bookrunner for the equity raise. 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”) and the
Mauritian Securities Act 2005, nor an offer of securities in any other jurisdiction. 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.

Investors on the Mauritian register will be eligible to participate, subject to a minimum subscription of EUR30 000
per new investor.

Settlement of shares on the South African register and the Mauritian register will take place within the system
administered by STRATE and the Central Depository & Settlement Co. Ltd (“CDS”) respectively.

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 Companies Act. 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 person 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 the Company. 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 (sole bookrunner and JSE Sponsor) or by any of its 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 forecast
statements and the forecasts underlying such statements are the responsibility of the board and have not been
reviewed or reported on by the company’s external auditors. The forecast is based on the assumptions that a stable
global macro-economic environment will prevail and no failures of listed real estate or infrastructure companies will
occur.

Except as required by the JSE, the SEM Listing Rules 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.

By order of the board


8 August 2017

This notice is issued pursuant to 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 Greenbay accepts full
responsibility for the accuracy of the information in this announcement.

The Company has primary listings on both the Official Market of the SEM and the Main Board of the JSE.


                                            
Sole bookrunner and JSE sponsor                                                             
Java Capital                                                   
Tel: +27 11 722 3052   


SEM authorised representative and sponsor
Perigeum Capital 
Tel: +230 402 0890      


Company secretary
Intercontinental Trust Limited   
Tel: +230 403 0800

Date: 08/08/2017 11:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story