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ATLANTIC LEAF PROPERTIES LIMITED - General issue of shares for cash

Release Date: 17/10/2017 14:30
Code(s): ALP     PDF:  
Wrap Text
General issue of shares for cash

Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
(“Atlantic Leaf” or “the Company”)


GENERAL ISSUE OF SHARES FOR CASH


At the annual general meeting of Atlantic Leaf shareholders held on Thursday, 29 June 2017, the requisite
majority of shareholders approved an ordinary resolution authorising the directors of the Company to issue up
to 21 400 681 shares (being 15% of the issued share capital) for cash in accordance with paragraph 5.52 of the
JSE Listings Requirements (“General Authority”).

Shareholders are hereby advised that on 13 September 2017, the Company issued 16 291 986 new shares at an
issue price of R17.60 per share, being at a premium of 4.43427% to the 30 day VWAP pursuant to an
accelerated book build, which issue of shares for cash exceeds 5% of Atlantic Leaf’s shares in issue pursuant
to the General Authority.

The proceeds of the accelerated bookbuild were used to fund the acquisition of 45.02% of the units in LMP
Retail Warehouse JV Property Unit Trust which holds a portfolio of 11 retail warehouse and industrial
properties in the United Kingdom leased to DFS Trading Limited as well as 50% of the shares in LMP Retail
Warehouse JV Management Limited, the management business that manages the portfolio and to fund the
acquisition of listed securities.

Atlantic Leaf has primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd (“SEM”)
and on the Main Board of the JSE Limited.

17 October 2017


JSE sponsor
Java Capital                                                     +27 11 722 3050

South African corporate advisor
Leaf Capital                                                     +27 21 657 1180

Corporate secretary
Intercontinental Trust Limited                                   +230 403 0800

SEM authorised representative and sponsor
Perigeum Capital Ltd                                             +230 402 0890


This notice is issued pursuant to the SEM Listing Rules 11.3 and Rule 5(1) of the Securities (Disclosure
Obligations of Reporting Issuers) Rules 2007.The Board of Atlantic Leaf Properties Limited accepts full
responsibility for the accuracy of the information contained in this announcement.

Date: 17/10/2017 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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