Irongate Group (JSE:IAP) News - Results of Fully Underwritten Accelerated Bookbuild Offering

Irongate Group (JSE: IAP)
Comprising Irongate Property Fund I (IPF I, ARSN 162 067 736) and Irongate Property Fund II (IPF II, ARSN 644 081 309), established in Australia
and registered with ASIC as managed investment schemes
Operated by Irongate Funds Management Limited (ACN 071 514 246; AFSL 290 909) (Responsible Entity)
IPF I is registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No.45 of 2002
ISIN: AU0000046005
(IAP or the Fund)




Results of Fully Underwritten Accelerated Bookbuild Offering

Not for release to US wire services or distribution in the United States

Irongate Funds Management Limited as responsible entity of the Irongate Group(1) (IAP) is
pleased to announce that it has successfully closed the fully underwritten accelerated bookbuild
announced earlier today (Placement), Thursday, 9 December 2021. The amount of equity
raised was approximately A$50 million (approximately ZAR564 million(2)).

32,258,065 new fully paid ordinary stapled securities (New Securities) were placed pursuant to
the Placement at an issue price of A$1.55 (equivalent to ZAR17.50(3)) per New Security.

The halt to trading in IAP stapled securities is expected to be lifted at 09h00 on Friday, 10
December 2021 (South African time). Application will be made to the JSE to list the New
Securities with effect from Wednesday, 15 December 2021.


9 December 2021
Johannesburg

Sponsor
Investec Bank Limited



Footnotes
(1) Comprising Irongate Property Fund I and Irongate Property Fund II.
(2) Based on an A$/ZAR exchange rate of 1.0000/11.2894 as at 4.00pm Sydney close on Wednesday, 8 December 2021.
(3) Based on an A$/ZAR exchange rate of 1.0000/11.2894 as at 4.00pm Sydney close on Wednesday, 8 December 2021.

Important Information

This announcement is for information purposes only and shall not constitute or form part of an
offer or solicitation of an offer to purchase or subscribe for securities in any jurisdiction.

This announcement is not for release to US wire services or distribution in the United States or
any other jurisdiction in which such release or distribution would be unlawful. The New
Securities have not been, and will not be, registered under the US Securities Act of 1933, and
may not be offered or sold, directly or indirectly, in the United States, except in transactions
exempt from, or not subject to, the registration requirements of the US Securities Act and any
applicable US state securities laws.

Neither this announcement nor the Placement constitutes or is intended to constitute an offer to
the public in South Africa in terms of the Companies Act, No. 71 of 2008 (as amended). In
South Africa, the invitation to apply for IAP stapled securities in terms of the Placement is only
open to (i) persons who are acting as principal and who apply for IAP stapled securities at a
minimum acquisition cost of ZAR 1,000,000, as contemplated in section 96(1)(b) of the South
African Companies Act 71 of 2008 (as amended), or (ii) persons who comply with the
requirements set out in section 96(1)(a) of the South African Companies Act 71 of 2008 (as
amended).

This announcement does not claim to identify or suggest the risks (direct or indirect) which may
be associated with an investment in the stapled securities. Any investment decision to buy
stapled securities in terms of the Placement must be made solely on the basis of publicly
available information.

This announcement does not, nor is it intended to, constitute a prospectus prepared and
registered under the South African Companies Act No. 71 of 2008 (as amended) and may not
be distributed to the public in South Africa.

An entity or institution resident in South Africa may not implement participation in the offer
unless (i) permitted under the South African Exchange Control Regulations or (ii) a specific
approval has been obtained from an authorised foreign exchange dealer in South Africa or the
Financial Surveillance Department of the South African Reserve Bank.




                                                                                                   

Date: 09-12-2021 02:00:00
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