Wrap Text
Accelerated book build
HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
("Hyprop" or "the Company")
ACCELERATED BOOK BUILD
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, OUTSIDE SOUTH AFRICA
Hyprop proposes raising capital of approximately R300 million under its general authority to issue shares for cash (the
"Capital Raise"), subject to acceptable pricing.
Hyprop provided the market with a pre-close operational update earlier this week, in which it outlined the following:
- Hyprop has an organic growth pipeline and potential acquisitions which it proposes to fund through, inter alia,
recycling opportunities in its Gauteng portfolio.
- Beyond this pipeline, it has a capex budget for the current year of circa R850 million, which includes the phase 2
Somerset Mall extension, which is to be funded from existing liquidity.
- In addition, it aims to undertake a number of solar projects in its South African portfolio, which will deliver
returns in excess of 20%, as well as a food court upgrade in Canal Walk which are not included in its current year
capex budget.
Hyprop seeks capital to fund these additional projects and to position itself for potential acquisitions it is evaluating,
pending which it can efficiently use the proceeds to reduce debt in the short term.
Distributable income per share growth of 10% to 12% for the year ending 30 June 2026, as guided in September 2025
and reaffirmed in the pre-close operational update published on SENS on 1 December 2025, will remain unchanged by
the Capital Raise.
The Capital Raise will be by bookbuild managed by Java Capital as bookrunner. Participation will be by invitation from
Java Capital, which will provide invitees with the terms and conditions of participation. Any agreements reached with
participants will be subject to the approval of Hyprop in its discretion.
In accordance with the JSE Listings Requirements and Hyprop's general authority to issue shares for cash, related parties
may participate in the Capital Raise provided they do so at the price at which the book closes (subject to their maximum
bid price). Hyprop will allocate shares to participants on a basis that Hyprop in its discretion considers equitable, taking
into account Hyprop's objectives and factors including existing shareholdings in Hyprop, pricing and sizing of bids,
receipt of early submissions of commitments and due process.
New shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares.
Java Capital's contact details are as follows:
Thys de Beer Andrew Brooking
hyprop@javacapital.co.za hyprop@javacapital.co.za
Tel: +27 83 351 7683 Tel: +27 83 642 0113
3 December 2025
Bookrunner and sponsor
Java Capital
The Capital Raise 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 Capital 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.
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) or any
jurisdiction in which it would be unlawful to do so.
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 Hyprop. 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: 03-12-2025 05:48:00
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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