Results of accelerated bookbuild
HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP
(Approved as a REIT by the JSE)
(“Hyprop” or “the Company”)
RESULTS OF THE ACCELERATED BOOKBUILD
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, EUROPEAN ECONOMIC AREA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT
WOULD BE UNLAWFUL TO DO SO
Shareholders are advised that, in light of strong demand, Hyprop has increased the size of its
bookbuild announced earlier today to 7,453,238 shares, representing the maximum number of shares
available under its general authority to issue shares for cash.
The bookbuild has priced at ZAR105.00 per share, representing a 4.9% discount to the 30 business day
VWAP and raising gross proceeds of ZAR782.6 million.
Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09:00
on Friday, 11 May 2018.
Standard Bank acted as sole bookrunner and transaction sponsor.
8 May 2018
NOT FOR DISTRIBUTION IN THE UNITED STATES, EUROPEAN ECONOMIC AREA, CANADA, AUSTRALIA,
JAPAN OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL.
The Sale Shares will be sold in South Africa only to (i) persons falling within the exemptions set out in
section 96(1)(a) of the South African Companies Act, 2008 or (ii) persons who subscribed, as principal,
for shares at total contemplated acquisition cost equal to or greater than R1 000, 000, as envisaged in
section 96(1)(b), of the South African Companies Act. To be eligible to receive this electronic
transmission and make an investment decision with respect to the securities, investors must be
persons outside the United States (within the meaning of Regulation S under the Securities Act of
1933, as amended (the “Securities Act”)).
NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE OR
SOLICITATION IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO
SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT,
OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND ARE
BEING OFFERED AND SOLD IN RELIANCE UPON AN EXEMPTION FROM, OR IN A TRANSACTION NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY APPLICABLE STATE
OR LOCAL SECURITIES LAWS. THERE WILL BE NO PUBLIC OFFERING OF SECURITIES IN THE UNITED
THIS ELECTRONIC TRANSMISSION DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SELL OR ANY
SOLICITATION OF ANY OFFER TO SUBSCRIBE FOR OR PURCHASE, ANY SECURITIES TO ANY PERSON,
AND MAY NOT BE USED IN CONNECTION WITH, AN OFFER OR SOLICITATION IN ANY JURISDICTION
AND NOTHING CONTAINED HEREIN SHALL FORM THE BASIS OF ANY CONTRACT OR COMMITMENT
WHATSOEVER. THIS COMMUNICATION IS NOT A PROSPECTUS OR AN OFFERING MEMORANDUM.
THIS COMMUNICATION IS NOT TO BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND IS
NOT TO BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FORWARDING, DISTRIBUTION OR
REPRODUCTION OF THIS TRANSMISSION IN WHOLE OR IN PART IS UNAUTHORIZED. FAILURE TO
COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE
APPLICABLE LAWS OF OTHER JURISDICTIONS. YOU MAY NOT RELY ON THE INFORMATION HEREIN.
In the European Economic Area (including the United Kingdom), this is directed only at "qualified
investors" within the meaning of Directive 2003/71/EC. and may not be acted or relied on by others.
Investment activity relating to it is available only to such persons.
This transmission is not an offer of securities for sale in the United States. Securities may not be
offered or sold in the United States except pursuant to an effective registration statement or an
applicable exemption from registration. Any public offering of the securities to be made in the United
States will be made only by means of a prospectus. In the event that the issuer proceeds with an
offering, you may obtain a copy of the prospectus from the issuer.
Date: 08/05/2018 12:30:00 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
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.
Email this JSE Sens Item to a Friend.