Wrap Text
Update Regarding The Bookbuild
INVESTEC AUSTRALIA PROPERTY FUND
Incorporated and registered in Australia in terms of ASIC (ARSN 162 067 736)
Registered in terms of the Collective Investment Schemes Control Act No.45 of 2003
Operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”)
Share code: IAP
ISIN: AU60INL00018
(“IAPF” or the “Fund”)
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA OR JAPAN. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR
FORM AN OFFER OF SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH IT
WOULD BE UNLAWFUL TO DO SO
UPDATE REGARDING THE BOOKBUILD
With reference to the announcement released earlier today, IAPF anticipates that the quantum to be raised
through the issue of new IAPF units will be approximately R650 million (approximately AUD60 million).
Indicative pricing for new IAPF units to be issued is R13.20 per unit, however the Equity Raise remains subject
to pricing acceptable to IAPF.
Applicants for units to be traded on the JSE are advised as follows:
- Settlement is on a T+5 cycle
- Trade date: Thursday, 16 November 2017
- Settlement date: Thursday, 23 November 2017
Investec is acting as sole bookrunner for the Equity Raise.
Carlyle Whittaker Errol Germon
Email: IAPF@investec.co.za Email: IAPF@investec.co.za
Tel: 011 286 9994 Tel: 011 286 7170
Meera Ranchod Karl Priessnitz
Email: IAPF@investec.co.za Email: IAPF@investec.co.za
Tel: 011 286 8247 Tel: 011 286 3269
Johannesburg
16 November 2017
Sole bookrunner, Corporate Advisor and JSE Sponsor
Investec Bank Limited
The Equity Raise is made to qualifying investors, being investors to whom the Equity Raise may be lawfully
made without having to file or register any offering or related documentation with any securities regulatory
authority in any relevant jurisdiction.
This announcement is not for publication or distribution or release, directly or indirectly, in or into the United
States, Australia, Canada, Japan or any other jurisdiction in which such release, publication or distribution would
be unlawful. This announcement is for information purposes only and shall 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
Equity Raise is not to be regarded as an offer or invitation to any person in any jurisdiction to the extent that any
applicable legal requirement in such jurisdiction has not been complied with or it is for any reason illegal or
unlawful to make such an offer or invitation in such jurisdiction.
The securities offered in terms of the Equity Raise 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 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.
Neither this announcement nor the Equity Raise constitutes or is intended to constitute an offer to the public in
South Africa in terms of the Companies Act, No. 71 of 2008 (as amended).
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, and the Equity Raise will only be made to, 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 and the Equity Raise will only be made to, 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 IAPF. 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 the Bookrunner 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.
This announcement does not purport to identify or suggest the risks (direct or indirect) which may be
associated with an investment in the securities. No representation or warranty is made by IAPF or the Book
runner in connection with the Equity Raise, and any investment decision to buy securities in terms of the Equity
Raise must be made solely on the basis of publicly available information which has not been independently
verified by the Bookrunner.
The Bookrunner is acting for IAPF, and no one else, in connection with the Equity Raise and will not be
responsible to anyone other than IAPF for providing the protections offered to clients of the Book runner, nor for
providing advice in relation to the Equity Raise.
Date: 16/11/2017 12:52:00 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.
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