Vukile Property Fund: Results of offering of linked units

Posted On Wednesday, 12 December 2012 06:20 Published by Commercial Property News
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Vukile is pleased to announce that the Offering was significantly oversubscribed and 20 525 000 new linked units were placed with qualifying institutional investors at a price of R16.70 per linked unit for gross proceeds of R342.8 million.

The issue price represents a discount of 3.0% to the closing price and a discount of 4.6% to the 30 day volume weighted average price of Vukile linked units on Monday, 10 December 2012.

Included in the issue price of R16.70 is an antecedent divestiture of 32.5 cents per linked unit for the period 1 October 2012 to 19 December 2012 in respect of the second distribution period 1 October 2012 to 31 March 2013.

Listing and trading of the new linked units is expected to commence at 09h00 on Wednesday, 19 December 2012. 

Last modified on Monday, 27 May 2013 12:43

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