Enhanced Investments - Financial Portal

Finalisation announcement - scrip distribution for the six months ended 30 June 2022

Published: 2022-09-06 12:33:25 ET

LIGHTHOUSE PROPERTIES p.l.c.
(Formerly Lighthouse Capital Limited)
(Registered in Malta)
(Registration number: C 100848)
JSE share code: LTE
ISIN: MU0461N00015
LEI: 549300UG27SWRF0X2U62
(“Lighthouse” or the “Company”)



FINALISATION ANNOUNCEMENT IN RESPECT OF A SCRIP DISTRIBUTION FOR THE SIX
MONTHS ENDED 30 JUNE 2022



Lighthouse shareholders are referred to the declaration announcement released on SENS on Tuesday,
30 August 2022 and the circular (“Circular”) distributed to shareholders in respect of a scrip distribution
(“Scrip Distribution”), with an alternative cash distribution option (“Cash Distribution”).

Shareholders are advised as follows:

    1. Shareholders receiving the Scrip Distribution will be entitled to 4.27463 new Lighthouse shares for
       every 100 Lighthouse shares held on the record date, being Friday, 16 September 2022, at an issue
       price of 648.00000 ZAR cents per share.
    2. Shareholders who elected to receive the Cash Distribution will receive their cash distribution in South
       African Rands, converted from euro at an exchange rate of ZAR17.0459:EUR1.00. Accordingly, the
       Cash Distribution of 1.46200 EUR cents per share will be equal to 24.92111 ZAR cents per share.

The salient dates and times with regard to the Scrip Distribution and Cash Distribution are as follows:

                                                                                                                                  2022
 Finalisation announcement released before 11:00 on SENS on or before                                           Tuesday, 6 September
 Last day to trade on the JSE in order to be eligible for the Scrip Distribution or alternatively
 the Cash Distribution on                                                                                    Tuesday, 13 September
 Shares commence trading ex-Scrip Distribution or Cash Distribution on the JSE on                          Wednesday, 14 September
 Announcement regarding fraction rate released on SENS on                                                   Thursday, 15 September
 Record Date                                                                                                  Friday, 16 September
 Closing date for receipt of completed Election Forms by no later than 12:00 on                               Friday, 16 September
 Announcement on SENS of the amount of new Lighthouse shares to be listed on                                 Monday, 19 September
 Payment of Cash Distribution, fractional entitlements, dispatch of new Share Certificates                  Thursday, 22 September
 and updating/crediting of CSDP/broker accounts

Notes:
1.     All dates and times quoted above are local dates and times in South Africa. The above dates and times are subject to change. Any changes
       will be released on SENS.
2.     Shareholders should note that new Lighthouse shares should not be traded until the new Lighthouse shares are issued or reflect
       in their accounts with their CSDP or broker on Thursday, 22 September 2022.
3.     Share Certificates may not be Dematerialised or Rematerialised between Wednesday, 14 September 2022 and Friday, 16 September 2022,
       both days inclusive.

Should all shareholders receive the Scrip Distribution, a maximum number of 69 457 331 new Lighthouse
shares would be issued. If all shareholders were to elect to receive the Cash Distribution, the total value of the
distribution will amount to EUR 23,755,651.21.
The allocation of new Lighthouse shares will be such that shareholders receiving the Scrip Distribution will
not be allocated a fraction of a new Lighthouse share. Any entitlement to receive a fraction of a new Lighthouse
share will be rounded down to the nearest whole number.

As at the date of this announcement, Lighthouse has 1,624,873,544 shares in issue.

6 September 2022


          JSE sponsor and corporate advisor                                   Company Secretary




                                                         Maitland Malta is a member of the Stonehage Fleming Group of Companies

                 Tel: +27 11 722 3050                                         Tel: +356 2144 6377

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.