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STOR-AGE PROPERTY REIT LIMITED - Voluntary Announcement: Conclusion of Successful Capital Raise

Release Date: 05/04/2018 09:00
Code(s): SSS     PDF:  
Wrap Text
Voluntary Announcement: Conclusion of Successful Capital Raise

Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share Code: SSS ISIN ZAE000208963
(Approved as a REIT by the JSE)
(“Stor-Age” or “the Company”)


VOLUNTARY ANNOUNCEMENT: CONCLUSION OF SUCCESSFUL CAPITAL RAISE

Shareholders are referred to the announcement released on SENS on 6 March 2018, wherein they
were advised, inter alia, that the Company had entered into an agreement of sale with Ninety Nine
Investments Proprietary Limited to acquire All-Store Self Storage in Cape Town’s Northern Suburbs,
for a purchase consideration of R52 million.

The board of directors of Stor-Age is pleased to advise shareholders that, pursuant to a vendor
consideration placement of the Company’s ordinary shares, the Company has raised the full purchase
consideration via a fully subscribed vendor consideration placement. The additional shares will be listed
and commence trading on the JSE with effect from today, 5 April 2018 and will be entitled to participate
in the March 2018 year-end dividend.


Cape Town
5 April 2018

Sponsor, Book Runner and Corporate Advisor
Questco Proprietary Limited




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Date: 05/04/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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