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Results of accelerated bookbuild
VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
("Vukile" or "the company")
RESULTS OF ACCELERATED BOOKBUILD
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
Shareholders are advised that Vukile has closed its bookbuild announced earlier today.
The amount of capital raised was R1,630 million through the placing of an aggregate of 86 715 812 new shares. Of the
R1,630 million of capital raised, R1,380 million was raised pursuant to the accelerated bookbuild process at R18.66
per share (which includes a pro-rata allocation of orders placed on behalf of management under the Vukile Share
Purchase plan at the book price of R18.66 per share) and R250 million will be raised by way of placement with the
Encha SPV in terms of the Encha equity funding platform arrangements as detailed in Vukile's circular issued on
5 June 2013. Even at the R1,630 million level (which was the maximum available to be raised under existing
shareholder authorities) the book was significantly oversubscribed.
Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09:00 on Thursday,
26 July 2018.
Java Capital acted as sole bookrunner.
18 July 2018
Bookrunner and JSE sponsor NSX sponsor
Java Capital IJG Securities (Pty) Ltd
The equity raise is not an offer to the public. Participation in the equity raise is reserved for invited investors only and
subject to the terms and conditions provided to the invited investors.
This announcement is not for publication or distribution or release, directly or indirectly, in the United States of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 Vukile. 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.
FORWARD LOOKING INFORMATION
This announcement contains (or may contain) certain forward-looking statements with respect to certain of company's
plans and its current goals and expectations relating to its future financial condition and performance and which
involve a number of risks and uncertainties. The company cautions readers that no forward-looking statement is a
guarantee of future performance and that actual results could differ materially from those contained in the forward-
looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to
future events and circumstances a number of which are beyond the company's control. These forward-looking
statements reflect the company's judgement at the date of this announcement and are not intended to give any
assurance as to future results. Except as required by the JSE, or applicable law, the company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained in
this announcement to reflect any changes in the company’s expectations with regard thereto or any changes in events,
conditions or circumstances on which any such statement is based.
Date: 18/07/2018 02:30:00 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
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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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