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NEW FRONTIER PROPERTIES LIMITED - Disposal of Rebosis shareholding in New Frontier

Release Date: 15/07/2019 10:45
Code(s): NFP     PDF:  
Wrap Text
Disposal of Rebosis’ shareholding in New Frontier

NEW FRONTIER PROPERTIES LTD
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
("New Frontier")

DISPOSAL OF REBOSIS' SHAREHOLDING IN NEW FRONTIER

Shareholders are referred to the announcement released on SENS by Rebosis Property Fund Limited ("Rebosis") on
12 July 2019 and are advised that Rebosis has informed New Frontier that it has disposed of its 49.35% shareholding
in New Frontier through the disposal of 7 wholly-owned subsidiaries, each of which hold New Frontier shares 
(the "Rebosis transaction").

Following the implementation of the Rebosis transaction, Henry Dednam will hold 20.35% of the New Frontier shares
in issue and Orion Hotels & Resorts (Africa) Proprietary Limited will hold 29% of the New Frontier shares in issue.

New Frontier holds primary listings on the SEM and the Alternative Exchange of the JSE.


15 July 2019

This notice is issued pursuant to SEM Listing Rules 11.3. The board of directors of New Frontier Properties Ltd
accepts full responsibility for the accuracy of the information in this notice.

For further information, please contact:

JSE sponsor
Java Capital                                     +27 11 722 3050

Company secretary
Osiris Corporate Solutions (Mauritius) Ltd       +230 650 4030

Date: 15/07/2019 10:45:00
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