HYPROP INVESTMENTS LIMITED - Accelerated Bookbuild

Release Date: 08/05/2018 08:00
Code(s): HYP
 
Wrap Text
Accelerated Bookbuild

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP
ISIN: ZAE000190724
(Approved as a REIT by the JSE)
(“Hyprop” or “the Company”)

ACCELERATED BOOKBUILD

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

Subject to pricing acceptable to Hyprop, the Company proposes an equity raise of approximately
ZAR600 million through the issue of new Hyprop shares.

The equity raise will be implemented through an accelerated bookbuild process (the “Bookbuild”) and
proceeds raised will be used principally to repay debt. The Bookbuild is now open and the Company
reserves the right to close it at any time hereafter.

Pricing and allocations will be announced as soon as practicable following closing of the Bookbuild.
The equity raise will be completed under the Company’s general authority to issue shares for cash and
thus only public shareholders (as defined within the JSE Listings Requirements) in South Africa may
participate in the Bookbuild.

Standard Bank is acting as sole bookrunner and transaction sponsor.

8 May 2018

DISCLAIMER

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

The Sale Shares will be sold in South Africa only to (i) persons falling within the exemptions set out in
section 96(1)(a) of the South African Companies Act, 2008 or (ii) persons who subscribed, as principal,
for shares at total contemplated acquisition cost equal to or greater than R1 000, 000, as envisaged in
section 96(1)(b), of the South African Companies Act. To be eligible to receive this electronic
transmission and make an investment decision with respect to the securities, investors must be
persons outside the United States (within the meaning of Regulation S under the Securities Act of
1933, as amended (the “Securities Act”)).
NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE OR
SOLICITATION IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO
SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT,
OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND ARE
BEING OFFERED AND SOLD IN RELIANCE UPON AN EXEMPTION FROM, OR IN A TRANSACTION NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY APPLICABLE STATE
OR LOCAL SECURITIES LAWS. THERE WILL BE NO PUBLIC OFFERING OF SECURITIES IN THE UNITED
STATES.

THIS ELECTRONIC TRANSMISSION DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SELL OR ANY
SOLICITATION OF ANY OFFER TO SUBSCRIBE FOR OR PURCHASE, ANY SECURITIES TO ANY PERSON,
AND MAY NOT BE USED IN CONNECTION WITH, AN OFFER OR SOLICITATION IN ANY JURISDICTION
AND NOTHING CONTAINED HEREIN SHALL FORM THE BASIS OF ANY CONTRACT OR COMMITMENT
WHATSOEVER. THIS COMMUNICATION IS NOT A PROSPECTUS OR AN OFFERING MEMORANDUM.
THIS COMMUNICATION IS NOT TO BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND IS
NOT TO BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FORWARDING, DISTRIBUTION OR
REPRODUCTION OF THIS TRANSMISSION IN WHOLE OR IN PART IS UNAUTHORIZED. FAILURE TO
COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE
APPLICABLE LAWS OF OTHER JURISDICTIONS. YOU MAY NOT RELY ON THE INFORMATION HEREIN.

In the European Economic Area (including the United Kingdom), this is directed only at "qualified
investors" within the meaning of Directive 2003/71/EC. and may not be acted or relied on by others.
Investment activity relating to it is available only to such persons.
This transmission is not an offer of securities for sale in the United States. Securities may not be
offered or sold in the United States except pursuant to an effective registration statement or an
applicable exemption from registration. Any public offering of the securities to be made in the United
States will be made only by means of a prospectus. In the event that the issuer proceeds with an
offering, you may obtain a copy of the prospectus from the issuer.

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