| Wed 11 Apr 2012, 14:50 | | VKE - Vukile Property Fund Limited - Vendor placement of Vukile Property Fund |
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VKE
VKE
VKE - Vukile Property Fund Limited - Vendor placement of Vukile Property Fund
Limited linked units
Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE ISIN: ZAE00056370
NSX share code: VKN
("Vukile" or "the company")
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA.
VENDOR PLACEMENT OF VUKILE PROPERTY FUND LIMITED LINKED UNITS
Holders of Vukile linked units ("linked units") are referred to the circular
issued by Vukile on 31 January 2012, the general meeting results announcement
released on SENS on 29 February 2012, the fulfillment of conditions precedent
and early distribution announcement released on SENS on 9 March 2012, and the
reduction of the vendor placement size announcement released on SENS on 30
March 2012, all relating to the acquisition by Vukile of twenty properties
from Sanlam Life Insurance Limited and the issue and allotment of Vukile
linked units as part consideration for the acquisition ("acquisition units")
in terms of a vendor placement.
Pursuant to the above, Vukile is launching a bookbuild offering of up to 60
million acquisition units (the "vendor placement") to qualifying
institutional investors only. The price at which the acquisition units are
being offered is R14.60. The vendor placement constitutes approximately 17.1%
(14.6% post the vendor placement) of the total number of linked units in
issue.
The book for the vendor placement will open with immediate effect and is
expected to close today (Wednesday, 11 April 2012). Pricing and allocations
will be announced as soon as practicable following the closing of the book.
Listing and trading of the acquisition units is expected to commence at 09h00
on Thursday, 19 April 2012.
Johannesburg
11 April 2012
Bookrunner, merchant bank and transaction sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
This announcement is not for publication or distribution or release, directly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. This announcement does not and is not intended to constitute
an offer to the public in South Africa in terms of the South African
Companies Act 71 of 2008 (as amended). 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 the
Vukile. 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 Rand Merchant Bank, a division of FirstRand Bank Limited or by
any of its 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: 11/04/2012 14:50:01 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.
