ATLANTIC LEAF PROPERTIES LIMITED - Results of Court Meeting

Results of Court Meeting

Atlantic Leaf Properties Limited
(Incorporated in Jersey)
(Registration Number: 128426)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
www.atlanticleaf.com
(“Atlantic Leaf” or the “Company”)


RESULTS OF COURT MEETING


Unless otherwise defined herein, all capitalised terms used in this announcement shall bear the 
same meanings as in the circular issued by the Company on Monday, 15 June 2020.

Atlantic Leaf Shareholders are referred to the announcement published on SENS and the SEM Website
on Monday, 15 June 2020 wherein Atlantic Leaf Shareholders were advised that Atlantic Leaf had
issued a Circular relating to the Acquisition and the Scheme.

The Atlantic Leaf Board is pleased to announce that at the Court Meeting held today, Thursday, 
16 July 2020, the Scheme Resolution tabled thereat was duly passed by the requisite majority of 
Scheme Shareholders and, accordingly, the Scheme was approved. Details of the Scheme Resolution 
passed at the Court Meeting are set out in the Circular.

At the Court Meeting (and as required in terms of Jersey Companies Law), a majority in number of the
Scheme Shareholders who voted (either in person or by proxy) and who together represented over 75
per cent. of the voting rights of the Scheme Shares held by those Scheme Shareholders, approved the
Scheme. The Scheme Resolution was decided on a poll vote. Each Scheme Shareholder, present in
person or by proxy, was entitled to one vote per Scheme Share held at the Voting Record Time.

Details of the results of voting at the Court Meeting are as follows:

                   No. of                               No. of Scheme         No. of Scheme Shares
                   Scheme        % of Scheme         Shareholders who        voted as a % of total
             Shares voted       Shares voted            voted (and %)                Scheme Shares

FOR           157 302 155              99.7%               23 (82.1%)                        83.2%
AGAINST           472 484               0.3%                5 (17.9%)                         0.3%
TOTAL         157 774 639               100%                28 (100%)                        83.5%

One shareholder abstained in respect of 13 000 Scheme Shares, being 0.0% of the total number of
Scheme Shares. The total number of Scheme Shares in issue as at the date of the Court Meeting was
188 976 628.

The salient dates and times relating to the Acquisition and the Scheme as disclosed in the Circular
remain unchanged.

The Scheme remains conditional on the Scheme being sanctioned (with or subject to any modification,
addition or condition which Atlantic Leaf and the Offeror may agree and which the Court approves) by
the Court at the Court Hearing.

Each Scheme Shareholder has the right to attend the Court Hearing in person or through a Jersey
Advocate to support or oppose the sanctioning of the Scheme. The Court Hearing will be held at
2.30 p.m. UK time (3.30 p.m. South African time/5.30 p.m. Mauritian time) on Monday, 3 August 2020
at the Royal Court, Royal Court House, Royal Square, St Helier, Jersey JE1 1JG. In view of the COVID
Guidance, if you wish to attend the Court Hearing in person or through a Jersey Advocate, please e-
mail info@atlanticleaf.com (marked for the attention of Mark Pryce) in order to obtain information 
on the arrangements for virtual attendance at the Court Hearing.

This announcement is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 15.24 and
the Mauritian Securities Act 2005. The Atlantic Leaf Board accepts full responsibility for the accuracy
of the information contained in this announcement.

By order of the Atlantic Leaf Board

16 July 2020


Enquiries

Atlantic Leaf Properties Limited
Paul Leaf-Wright                                                        +27 (0) 83 775 3646
Mark Pryce                                                              +44 (0) 74 9323 8576

Java Capital Proprietary Limited (JSE sponsor and                       +27 (0) 60 544 7120
corporate advisor to Atlantic Leaf)

Cliffe Dekker Hofmeyr Inc. (Principal legal advisor to
Atlantic Leaf and the Atlantic Leaf Independent
Board)

Perigeum Capital Ltd (SEM authorised                                    +230 402 0890
representative and sponsor to Atlantic Leaf)

Lazard & Co., Limited (Financial advisor to the                         +44 (0) 20 7187 2000
Offeror)

Gibson, Dunn & Crutcher UK LLP (Principal legal                         +44 (0) 20 7071 4000
advisor to the Offeror)

FTI Consulting
Sherryn Schooling                                                       +27 (0) 21 748 9027 (direct)
                                                                        +27 (0) 82 776 2840 (mobile)

Date: 16-07-2020 02:00:00
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.