Delta International Property Holdings on African real estate acquisition drive

Posted On Tuesday, 17 March 2015 11:54 Published by
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Delta International Property Holdings announce that the Listing Executive Committee of the Stock Exchange of Mauritius Ltd (“SEM”) has approved the listing of 44,656,446 ordinary shares of no par value. 

 

Louis Schnetler

The Company (Formerly Osiris Properties International Limited) was discontinued from Bermuda on 11 March 2015 and was registered by continuation in Mauritius as a public company limited by shares on 11 March 2015.

Delta International has embarked on a strategy of acquiring a portfolio of African real estate assets (excluding assets situated in South Africa) in furtherance of its objective of investing in real estate assets that will provide strong sustainable income from high quality tenants.

On the first day of listing and trading on the SEM, scheduled for the 30 March 2015, the existing shareholders of the Company have undertaken to make 30,000 shares available for trading at an indicative price per share which will be equal to the last closing price of the shares of the Company on the AltX on the preceding business day.

The prevailing exchange rate on the preceding business day will be used to convert the price of the Company’s shares from South African Rand to US Dollars. Shareholders will continue to be updated on the transfer of Delta International’s South African listing from the Alternative Exchange of the JSE to its Main Board.  

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