Wrap Text
Bookbuild and availability of investor presentation
TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2016/277183/06
JSE share code: TPF ISIN: ZAE000227765
(Approved as a REIT by the JSE)
(“Transcend” or “the Company” or “TPF”)
BOOKBUILD AND AVAILABILITY OF INVESTOR PRESENTATION
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
1. INTRODUCTION
Transcend shareholders (“Shareholders”) are referred to the announcements released by Transcend on SENS on Wednesday,
22 September 2021, Tuesday, 9 November 2021 and Wednesday, 8 December 2021 relating to the proposed acquisition by
Transcend of two rental enterprises for a total purchase consideration of R253.50 million (“Proposed Transactions”).
2. OPENING OF BOOKBUILD
Transcend hereby announces the launch of an equity raising (“the Equity Raise”) of approximately R156 million through the
issue of new ordinary shares, subject to pricing acceptable to Transcend as set out in further detail in the circular to shareholders
dated 9 November 2021 ("the Circular"). The Equity Raise will be implemented by way of a vendor consideration placing (as
defined under paragraph 5.62 of the JSE Listings Requirements).
The Equity Raise will be offered to qualifying investors (as set out in greater detail in the disclaimer below) and will be
implemented through an accelerated bookbuild process (“the Bookbuild”), which opens with immediate effect. Transcend
reserves the right to close the Bookbuild at any time.
Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the Bookbuild.
The shares issued in terms of the Bookbuild will be credited as fully paid and will rank pari passu in all respects with existing
Transcend shares.
The Circular and investor presentation, setting out an overview of Transcend, details of the Proposed Transactions and the
intended use of funds raised pursuant to the Bookbuild, is available at: https://transcendproperty.co.za/investor-information/.
Tenurey BSM is acting as sole bookrunner and can be contacted using the contact details below:
Shaun Stewart Stephan Swanepoel
Shaun@tenureybsm.com stephan@tenureybsm.com
Tel: 082 479 7147 Tel: 072 461 6697
Bryanston
9 December 2021
Corporate Advisor and Bookrunner
Tenurey BSM Proprietary Limited
JSE Sponsor and Transaction Sponsor
Questco Corporate Advisory Proprietary Limited
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 R100
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. 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 Transcend. 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 Tenurey BSM 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: 09-12-2021 09:04:00
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
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
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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