| Tue 29 May 2012, 15:21 | | REB - Rebosis Properties Limited - Issue of Linked Units and Fulfilment of |
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REB
REB
REB - Rebosis Properties Limited - Issue of Linked Units and Fulfilment of
conditions precedent
REBOSIS PROPERTIES LIMITED
Registration number 2010/003468/06
JSE code: REB ISIN: ZAE 000156147
("Rebosis" or the "company")
ISSUE OF LINKED UNITS AND FULFILMENT OF CONDITIONS PRECEDENT
Further to the announcements published on SENS on 7 December 2012 and 25 April
2012, linked unitholders are advised that the company has, pursuant to a vendor
consideration placing, successfully raised a total of R295.5 million through the
issue of 29,402,986 new linked units ("vendor consideration units") at an issue
price of R10.05 per linked unit. The placement was oversubscribed.
The total proceeds will be utilised by Rebosis to settle part of the purchase
considerations of the acquisitions of the Revenue Building, 270 Jabu Ndlovu
Street, 28 Harrison Street and SASSA Campus (the "acquisitions"). The balance of
the purchase considerations will be funded through third party bank debt.
The vendor consideration units are expected to be issued and commence trading on
the JSE with effect from Monday, 11 June 2012 and will rank pari passu with
existing Rebosis linked units in issue.
Following the issue and listing of the vendor consideration units, Rebosis`
linked capital will consist of 249,147,699 linked units with voting rights.
FULFILMENT OF CONDITIONS PRECEDENT
Linked unitholders are advised that the acquisitions are now unconditional.
29 May 2012
Bookrunner, corporate advisor and sponsor
Java Capital
Date: 29/05/2012 15:21:01 Produced by the JSE SENS Department.
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