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Public announcement - Mandatory offer to shareholders
Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius on 11 November 2013)
(Registration number: 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
(“Atlantic Leaf” or “the Company”)
PUBLIC ANNOUNCEMENT - MANDATORY OFFER TO SHAREHOLDERS
In terms of the accelerated book build that was undertaken by Atlantic Leaf on 13 September 2017, Vukile
Property Fund Limited (“Vukile”) acquired 23,152,709 new ordinary shares of Atlantic Leaf on 20 September 2017,
thereby increasing its shareholding in the Company from 29.99% to 34.9%. Consequently, the Board of directors
(the “Board”) of Atlantic Leaf has been notified by Vukile on 20 September 2017, that the above new subscription
of shares has triggered a mandatory offer in accordance with Rule 33(1)(b) of the Mauritian Securities (Takeover)
Rules 2010 (the “Takeover Rules”).
The Board has also been notified by Vukile of its firm intention to make a mandatory offer to acquire all the
voting shares not already held by Vukile (the “Minority Shares”) for a cash consideration of R17.60 (GBP 1.015)
per share (the “Offer Price”) (the “Offer”), which price has been determined in accordance with Rule 14(2) of the
Takeover Rules.
Shareholders and the public in general are hereby informed that Vukile will make the Offer which shall remain
open for at least 35 days but shall not exceed 60 days following the date of communication of the Offer document
to the holders of the Minority shares, in compliance with Rule 20(1) of the Takeover Rules. The Offer document will
be issued in due course.
Vukile has further confirmed that it has sufficient financial resources available to satisfy the acceptance of the
Offer.
Atlantic Leaf has primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd
(“SEM”) and the Main Board of the Johannesburg Stock Exchange Limited (“JSE”).
By order of the Board
For further information please contact:
JSE sponsor
Java Capital +27 11 722 3050
SEM authorised representative and sponsor
Perigeum Capital Ltd +230 402 0890
Company secretary
Intercontinental Trust Limited +230 403 0800
20 September 2017
This notice is issued pursuant to the JSE Listings Requirements, Rule 12(1)(a) of the Securities (Takeover) Rules 2010, SEM Listing
Rule 11.3 and the Securities Act 2005. The Board of the Company accepts full responsibility for the accuracy of the information
contained in this announcement.
Date: 20/09/2017 02:42:00 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
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