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REBOSIS PROPERTY FUND LIMITED - Results of claw-back offer

Release Date: 15/01/2018 16:08
Code(s): REB REA     PDF:  
Wrap Text
Results of claw-back offer

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share code: REB ISIN: ZAE000201687
JSE share code: REA ISIN: ZAE000240552
(Approved as a REIT by the JSE)
(“Rebosis”)

RESULTS OF CLAW-BACK OFFER


Shareholders are referred to the announcement released on the Stock Exchange News Service on
Tuesday, 12 December 2017, relating to the renounceable claw-back offer to Rebosis shareholders of 30
973 451 claw-back offer shares at a price of R11.30 each, in the ratio of 4.82215 claw-back offer shares
for every 100 Rebosis shares held at the close of trade on Friday, 22 December 2017 (“the claw-back
offer”).

In terms of the claw-back underwriting agreement dated 12 August 2016, entered into between Rebosis,
Billion Group Proprietary Limited (“Billion”), Abacus Holdings Proprietary Limited (“Abacus”) and Nedbank
Limited (“Nedbank”), inter alia, Billion, Nedbank and Abacus have agreed to subscribe for those claw-back
offer shares not taken up by Rebosis shareholders in accordance with their entitlements in terms of the
claw-back offer.

The offer closed at 12:00 on Friday, 12 January 2018. The results of the claw-back offer are as follows:

                                                             Number of claw-        Percentage of claw-
                                                             back offer shares      back offer shares
 Claw-back offer shares available for subscription                  30 973 451                100.00%
 Claw-back offer shares subscribed for by Rebosis                      128 449
                                                                                                0.41%
 shareholders (excluding Billion, Abacus and Nedbank)
 Claw-back offer shares subscribed for by Billion                   20 406 973                 65.89%
 Claw-back offer shares subscribed for by Abacus                     6 637 168                 21.43%
 Claw-back offer shares subscribed for by Nedbank                    3 800 861                 12.27%


The claw-back offer shares will be issued today, Monday, 15 January 2018.

Dematerialised shareholders’ accounts will be updated by their CSDP or broker with their claw-back offer
shares, to the extent accepted, on Monday, 15 January 2018. Share certificates in respect of claw-back
offer shares will be posted to certificated shareholders, to the extent accepted, on Monday, 15 January
2018.

15 January 2018

Corporate advisor and sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Legal advisor
Cliffe Dekker Hofmeyr

Date: 15/01/2018 04:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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