Enhanced Investments - Financial Portal

Results of scrip distribution election, issue of new shares and total voting rights

Published: 2022-09-16 18:00:30 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”)


RESULTS OF SCRIP DISTRIBUTION ELECTION, ISSUE OF NEW SHARES AND TOTAL VOTING
RIGHTS


Shareholders are referred to the previous announcements, the last of which was released on SENS on Thursday,
15 September 2022, in respect of the election by shareholders to receive either a scrip distribution by way of
an issue of 4.27463 new Lighthouse shares for every 100 Lighthouse shares held on the record date, being
Friday, 16 September 2022 (“Scrip Distribution”) at an issue price of 648.00000 ZAR cents per share, or a
cash distribution alternative of 1.46200 EUR cents per share (“Cash Distribution”) in respect of the six months
ended 30 June 2022.

Following completion of the election, the Company hereby announces that in respect of the Scrip Distribution,
a total number of 64 410 356 new Lighthouse shares (out of a maximum of 69 457 331 new Lighthouse shares)
will be issued on market as listed shares on Thursday, 22 September 2022. The new Lighthouse shares issued
in respect of the Scrip Distribution will upon their issue be fully paid up and will rank pari passu in all respects
with existing Lighthouse shares in issue and are fully fungible with effect from the date of listing.

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 and a cash payment will be made for the fraction.

The fraction rate has been calculated as the volume weighted price of a Lighthouse share traded on the JSE on
Wednesday, 14 September 2022 (being the day on which Lighthouse shares commenced trading “ex” the
entitlement to receive the distribution) of EUR0.37396/ZAR6.50655 discounted by 10%, being
EUR0.33656/ZAR5.85590 per Lighthouse share. For payments which are subject to dividends tax, the net
fraction rate will be ZAR 4.68472.

Subsequent to the issue of the new Lighthouse shares, the total issued share capital of the Company will
increase to 1 689 283 900 ordinary shares of EUR 0.01 each. Therefore, the total number of voting rights in
Lighthouse will be 1 689 283 900 with effect from Thursday, 22 September 2022, which may be used by
shareholders as the denominator for the calculations by which they will determine if they are required to notify
their interest or change to their interest in Lighthouse.

In respect of certificated shareholders who elected the Cash Distribution, payment will be made by electronic
funds transfer on Thursday, 22 September 2022. The CSDP/broker accounts of all dematerialised shareholders
who elected the Cash Distribution will be credited and updated accordingly.

In respect of all dematerialised shareholders who will receive the Scrip Distribution, their CSDP/broker
accounts will be credited and updated with the new Lighthouse shares on Thursday, 22 September 2022.

16 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

Important disclosures

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.
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.

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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.
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.