Wrap Text
Accelerated book build
EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU
ISIN: ZAE000188843
(Approved as a REIT by the JSE)
("Equites" or "the company")
ACCELERATED BOOK BUILD
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
Under a general authority to issue shares for cash approved by shareholders at the general meeting held on
26 July 2019, Equites is authorised to issue up to 50 779 760 shares at a maximum authorised discount of
5% to the 30-day volume weighted average traded price per Equites share. Under this authority, subject to
pricing acceptable to Equites, Equites proposes raising not less than R500m pursuant to an accelerated book
build (the "book build"). The book build is now open and the company reserves the right to close it at any
time.
Java Capital is acting as sole bookrunner.
Java Capital contact details:
Andrew Brooking Antonie van der Westhuizen
Equites@javacapital.co.za Equites@javacapital.co.za
Tel: (011) 722 3052 Tel: (011) 722 3070
1 August 2019
Bookrunner and sponsor
Java Capital
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"), 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.
This announcement is not for publication or distribution or release, directly or indirectly, in the United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 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 Equites. 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: 01/08/2019 11:25:00
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