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Lighthouse Equity Raise
LIGHTHOUSE PROPERTIES p.l.c.
(Registered in Malta)
(Registration number: C 100848)
Share code: LTE
ISIN: MU0461N00015
LEI: 549300UG27SWRF0X2U62
("Lighthouse" or the "Company")
LIGHTHOUSE EQUITY RAISE
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND 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
Lighthouse continues to invest in dominant and defensive malls located in major Western European cities, underpinned
by strong economic fundamentals and growth prospects.
In line with its focused capital allocation strategy, Lighthouse acquired four regional malls in Iberia during 2024 and
completed a fifth acquisition, Alcalá Magna, in March 2025. Lighthouse has signed an exclusivity agreement during
February 2025 for the acquisition of a further mall in Spain, which is expected to close in June 2025 and will increase
the Company's exposure to Iberia to c. 86%.
Lighthouse continuously identifies and assesses strategic opportunities, while proactively managing its liquidity to
remain well-positioned for value-accretive investments as they arise.
Lighthouse announces an equity raise, targeting approximately ZAR 100 million, to be implemented through an
accelerated bookbuild process (the "Bookbuild"), subject to pricing acceptable to Lighthouse.
The Bookbuild is now open and Lighthouse reserves the right to close it at any time and to increase the size of the equity
raise subject to demand. Final pricing, allocations and the total capital raised will be announced as soon as practicable
following the closing of the Bookbuild.
The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing
Lighthouse shares.
Java Capital is acting as sole bookrunner in respect of the Bookbuild. Their contact details are as follows:
Thys de Beer
lighthouse@javacapital.co.za
Tel: +27 83 351 7683
9 June 2025
JSE sponsor and bookrunner Company Secretary
Java Capital Stonehage Fleming Malta Limited
Tel: +27 (0)78 456 9999 Tel: +356 2144 6377
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") or an offer of securities to the public as contemplated in the Maltese Companies Act
(Cap. 386) (as amended) ("Maltese 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.
In European Community Member States or EEA States, the equity raise is only open to (i) persons who are acting as
principal and who apply for shares at a minimum acquisition cost of EUR 100,000 (and the Company and the
bookrunner will unless otherwise advised be entitled to assume, without making any enquiry, that any person who
submits an offer into the book-build process is acting as principal) and/or (ii) "qualified investors" as referred to in
Article 2(3)(b) of the Maltese Act and defined in points (1) to (4) of Section I of Annex II to Directive 2014/65/EU of the
European Parliament and of the Council, read with Article 2(e) of Regulation (EU) 2017/1129 of the European
Parliament and of the Council.
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 has been issued by and is the sole responsibility of Lighthouse. 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: 09-06-2025 08:00:00
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