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Equites Property Fund Limited (JSE:EQU) News - Results of the accelerated book build
EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
Share code: EQU
Debt company code: EQUI
ISIN: ZAE000188843
(Approved as a REIT by the JSE)
(“Equites” or the “Company”)
RESULTS OF THE ACCELERATED BOOK BUILD
Further to the announcements published earlier today, shareholders are advised that the book build is now
closed, having raised c. R1 billion at R20.85 per share by the issuance of 47 961 630 shares (representing a
discount of 4.2% to the 30-day volume weighted average price of R21.77 per share and a discount of 3.8%
to yesterday’s closing price) under the Company’s general authority to issue shares for cash. The book was
oversubscribed at this level.
The proceeds of the capital raise will be invested in the pipeline of development and acquisition
opportunities detailed in the announcement published earlier today.
Subject to approval by the JSE, listing and trading of the new Equites shares is expected to commence at
09:00 on Friday, 25 February 2022.
17 February 2022
Bookrunner and sponsor
Java Capital
Debt sponsor
Nedbank Corporate and Investment Banking,
a division of Nedbank Limited
Date: 17-02-2022 01:32:00
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