Vukile: Mandatory Offer to be Made to the Shareholders of Atlantic Leaf Properties

Pursuant to Vukile’s participation in an accelerated equity book build undertaken by Atlantic Leaf Properties Limited on 13 September 2017, Vukile was allocated 23 152 709 Atlantic Leaf shares at a subscription price of R17,60 per share (GBP1.015). The ABO subscription shares were issued and delivered to Vukile, on a delivery-versus-payment basis, on Wednesday, 20 September 2017. Against transfer of the ABO subscription shares to Vukile, Vukile’s aggregate shareholding in Atlantic Leaf has increased to 65 951 117 ALP shares constituting 34.9% of the enlarged issued share capital of Atlantic Leaf. The transfer to Vukile of the ABO subscription shares have accordingly resulted in Vukile’s shareholding in Atlantic Leaf exceeding 30% of all voting shares in Atlantic Leaf.

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