| Fri 9 Dec 2011, 16:37 | | SGA/SGB - Synergy Income Fund Limited - Results of the private placement |
|
JSE
SIFL
SGA/SGB - Synergy Income Fund Limited - Results of the private placement
SYNERGY INCOME FUND LIMITED
(formerly Capital Land Retail Fund Limited)
(Incorporated in the Republic of South Africa on 13 November 2007)
(Registration number 2007/032604/06)
JSE share code for A linked units: SGA ISIN Code: ZAE000161550
JSE share code for B linked units: SGB ISIN Code: ZAE000162293
("Synergy" or "the company")
LISTING ON THE MAIN BOARD OF THE JSE LIMITED, RESULTS OF THE PRIVATE
PLACEMENT OF SYNERGY A LINKED UNITS AND CONFIRMATION OF PLACING OF SYNERGY B
LINKED UNITS
Investors are referred to Synergy`s pre-listing statement issued on 30
November 2011 ("the pre-listing statement") and to the announcement released
on SENS on 5 December 2011, which included the company`s abridged pre-
listing statement, detailing the offer by way of private placement ("the
private placement") of Synergy A linked units, the subsequent listing on the
JSE of the company`s A and B linked units and a potential vendor
consideration placing of B linked units ("the vendor consideration
placing").
Synergy has successfully raised an aggregate amount of R293,1 million
through the private placement and vendor consideration placing, as further
detailed below.
Synergy placed 26,182,351 of its A linked units with invited investors under
the private placement at an issue price of R8.58 per A linked unit, raising
an amount of R224,6 million.
Successful applicants under the private placement will be advised of their
allocation of A linked units by no later than Tuesday, 13 December 2011.
The allocated A linked units will be transferred to successful applicants on
a `delivery-versus-payment` basis on the date of listing being Wednesday, 14
December 2011.
Accordingly, 26,182,351 Synergy A linked units and 60 000 000 Synergy B
linked units will be listed in the "Real Estate - Real Estate Holdings and
Development" sector of the Main Board of the JSE with effect from the
commencement of trade on the JSE on Wednesday, 14 December 2011. Synergy A
linked units will trade under the abbreviated name "Synergy A" with JSE code
"SGA" and ISIN: ZAE000161550 and the Synergy B linked units will trade under
the abbreviated name "Synergy B" with JSE code "SGB" and ISIN: ZAE000162293.
Furthermore, Synergy has placed 13,048,785 B linked units under the vendor
consideration placing at an issue price of R5.25 per unit, raising an amount
of R68,5 million in order to fund the balance of the consideration payable
in respect of the properties comprising acquisition portfolio 1 (comprising
Ruimsig Boulevard Shopping Centre, Taxi City Shopping Centre and King
Senzangakhona Shopping Centre, as detailed in the pre-listing statement).
The settlement date of this placing is expected to be no later than Tuesday,
20 December 2011, from which date these additional B linked units will be
listed and commence trading. Successful participants in the placing of B
linked units will receive confirmation of the settlement date in due course.
The company is further pleased to announce that it took transfer of Taxi
City Shopping Centre on 6 December 2011.
9 December 2011
Corporate advisor, legal advisor, sponsor and bookrunner
Java Capital
Independent sponsor
Deloitte & Touche Sponsor Services (Proprietary) Limited
Date: 09/12/2011 16:37:01 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.
