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DIPULA INCOME FUND LIMITED - Accelerated book build

Release Date: 10/04/2018 12:39
Code(s): DIA DIB     PDF:  
Wrap Text
Accelerated book build

DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIA  ISIN: ZAE000203378
JSE share code: DIB  ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula” or “the company”)


ACCELERATED BOOK BUILD


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

Dipula announces an equity raising of approximately R600 million through the issue of a combination of new Dipula A ordinary
shares and Dipula B ordinary shares (the “equity raise”) subject to pricing acceptable to Dipula.

The equity raise will be implemented through an accelerated book build process (the “book build”). The book build is now open
and the company reserves the right to close it at any time and increase the size of the equity raise subject to demand.

The new shares will be credited as fully paid and issued and will rank pari passu in all respects with existing shares.

Java Capital is acting as sole bookrunner.

Java Capital contact details:

Carl Esterhuysen
Dipula@javacapital.co.za
Tel: (011) 722 3054

10 April 2018

Sole bookrunner and sponsor
Java Capital



The equity raising is not an offer to the public as contemplated under the South African Companies Act, No.71 of
2008 as amended (“Companies Act”), nor an offer of securities in any other jurisdiction. Participation in the equity
raise is reserved for invited investors only and subject to the terms and conditions provided to the invited investors.
Potential investors are only permitted to apply for shares with a minimum total acquisition cost, per single addressee
acting as principal, of greater than or equal to ZAR1 000 000, unless the potential investor is a person, acting as
principal, whose ordinary business, or part of whose ordinary business, is to deal in securities, whether as principal
or agent (in reliance on Section 96(1)(a)(i) and 96(1)(b) of the Companies Act) or such applicant falls within one of
the other specified categories of persons listed in section 96(1) of the Companies Act.

This announcement is not for publication or distribution or release, directly or indirectly, in the United States of
America (including its territories and possessions, any state of the United States and the District of Columbia).

This announcement does 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 securities referred to herein 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 registration or 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. This announcement does not and is not intended to constitute an offer to the public in South Africa
in terms of the South African Companies Act 71 of 2008 (as amended). Neither this announcement nor any copy of
it may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada, Australia or
Japan.
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 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 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 Dipula. 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 Java
Capital 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.

Date: 10/04/2018 12:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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