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LIGHTHOUSE CAPITAL LIMITED - Results of rights offer

Release Date: 09/12/2019 17:47
Code(s): LTE     PDF:  
Wrap Text
Results of rights offer

LIGHTHOUSE CAPITAL LIMITED
(formerly Greenbay Properties Ltd)
(Incorporated in the Republic of Mauritius on 14 August 2014)
(Registration number: C124756 C1/GBL)
SEM share code: GFP.N0000
JSE share code: LTE
ISIN: MU0461N00015
(“Lighthouse” or “the company”)


RESULTS OF RIGHTS OFFER


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, ON OR INTO ANY 
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

Shareholders are referred to the declaration and finalisation announcement released by the Company on
4 November 2019, setting out the terms of a renounceable rights offer of up to 150 000 000 new Lighthouse ordinary
shares (“rights offer shares”) to qualifying shareholders at a subscription price of 47 EUR cents per share on the
Mauritian register and 775 ZAR cents per share on the South African register (“rights offer”).

The rights offer closed at 12:00 South African time (14:00 Mauritian time) on Friday, 6 December 2019 and the
board of directors of Lighthouse advise that the results of the rights offer are as follows:

    -   shareholders or their renouncees subscribed for 139 495 376 rights offer shares, equivalent to 93% of the
        total number of rights offer shares available for subscription; and
    -   the 10 504 624 rights offer shares not subscribed for (“excess rights”) will be allocated to qualifying
        applicants for excess rights equitably to shareholding at the rights offer record date adjusted for rights
        exercised.

The rights offer was not underwritten. The company raised a total of EUR 70.5 million through the rights offer.
Following the issue of the rights offer shares, the company will have a total of 607 790 136 ordinary shares in issue.

Shareholders on the South African register
Share certificates will be posted to holders of certificated shares who have followed their rights, or their renouncees,
today, Monday, 9 December 2019. Share certificates with regard to certificated shareholders or their renouncees
who have been allocated rights offer shares in terms of excess allocations will be posted on Wednesday, 11 December
2019.

The custody accounts with Central Securities Depositary Participants (“CSDPs”) or brokers of dematerialised
Lighthouse shareholders who have followed their rights (or their renouncees, purchasers of their letters of allocation
or purchasers of certificated shareholders’ letters of allocation) will be credited with rights offer shares and debited
with any payment due in this regard, today, Monday, 9 December 2019. Dematerialised Lighthouse shareholders or
their renouncees who have been allocated rights offer shares in terms of excess allocations will have their accounts
at their CSDP or broker credited with the rights offer shares and debited with any payment due, on Wednesday,
11 December 2019.

Refunds to unsuccessful applicants for excess rights will be settled on or about Wednesday, 11 December 2019. No
interest will be paid on monies received in respect of unsuccessful applications.
Shareholders on the Mauritian register
Shareholders on the Mauritian register who have followed their rights and successful applicants for excess rights
will have their securities accounts held with the Central Depositary & Settlement Co. Ltd, credited with the new
shares on Thursday, 19 December 2019 (after trading hours) and the rights offer shares shall be listed on the Official
Market of the Stock Exchange of Mauritius Ltd (“SEM”) with effect from commencement of trade on Friday,
20 December 2019.


Lighthouse has primary listings on both the Official Market of the SEM and the Main Board of the Johannesburg
Stock Exchange Limited (“JSE”).

By order of the Board

9 December 2019


This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations
of Reporting Issuers) Rules 2007. The Board accepts full responsibility for the accuracy of the information in
this announcement.

                                         
JSE sponsor                SEM authorised representative and sponsor              Company Secretary
Java Capital               Perigeum Capital                                       Intercontinental Trust Ltd                                                
Tel: +27 11 722 3050       Tel: +230 402 0890                                     Tel: +230 403 0800

Date: 09-12-2019 05:47:00
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