Lighthouse equity raise
LIGHTHOUSE CAPITAL LIMITED
(Incorporated in the Republic of Mauritius on 14 August 2014)
(Registration number: C124756 C1/GBL)
SEM share code: GFP.N0000
JSE share code: LTE
(“Lighthouse” or the “Company”)
LIGHTHOUSE EQUITY RAISE
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN
WHICH IT WOULD BE UNLAWFUL TO DO SO
On 27 July 2021 the Company announced the acquisition of four dominant French retail shopping centres for a cash
consideration of circa EUR 305 million, including related net working capital at 30 September 2021.
Lighthouse hereby announces its intention to raise equity, with a targeted amount of ZAR 1 500 million, to be
implemented through a bookbuild process (the “Bookbuild”) subject to pricing acceptable to Lighthouse.
The new shares will be issued by the Company under and in accordance with its existing authority to issue shares in
terms of a vendor consideration placement, granted by shareholders at the annual general meeting of the Company
held on 30 April 2021.
The Bookbuild will be launched immediately following this announcement and Lighthouse reserves the right to
increase the size of the Bookbuild and close it at any time at its discretion. Pricing, allocations and the amount raised
will be announced as soon as practicable following the closing of the Bookbuild.
Invited Investors may elect to subscribe for ordinary shares on the South African register in ZAR.
The new shares, when issued, will be cum the distribution for the six months ended 30 June 2021, credited as fully
paid and will rank pari passu in all respects with existing shares.
The Bookbuild is subject to the requirements of the Company’s Constitution, the Listings Requirements of the JSE
Limited (“JSE”) and the Listing Rules of the Stock Exchange of Mauritius Ltd (“SEM”). Accordingly, settlement of
the Bookbuild shares will be conditional on meeting the requisite approvals from the JSE and the SEM.
Java Capital is acting as sole bookrunner in respect of the Bookbuild.
Java Capital’s contact details are as follows:
Thys de Beer Antonie van der Westhuizen
Tel: +27 83 351 7683 Tel: +27 83 796 9233
Lighthouse has primary listings on both the Official Market of the SEM and the Main Board of the JSE.
By order of the Board
12 August 2021
Bookrunner and JSE sponsor
Tel: +27 11 722 3050
SEM authorised representative and sponsor
Tel: +230 402 0890
Intercontinental Trust Ltd
Tel: +230 403 0800
This notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of
the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board accepts full responsibility for
the accuracy of the information in this announcement.
The Bookbuild is not an offer to the public as contemplated under the South African Companies Act, No.71 of 2008 as
amended (“Companies Act”) and the Mauritian Securities Act 2005, nor an offer of securities in any other jurisdiction.
Participation in the Bookbuild is reserved for invited investors only and subject to the terms and conditions provided
to the invited investors. Potential investors are only permitted to apply for shares with a minimum total acquisition
cost, per single addressee acting as principal, of greater than or equal to ZAR1 000 000, unless the potential investor
is a person, acting as principal, whose ordinary business, or part of whose ordinary business, is to deal in securities,
whether as principal or agent (in reliance on Section 96(1)(a)(i) and 96(1)(b) of the Companies Act) or such applicant
falls within one of the other specified categories of persons listed in section 96(1) of the Companies Act.
This announcement is not for publication or distribution or release, directly or indirectly, in the United States of
America (including its territories and possessions, any state of the United States and the District of Columbia).
This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for
securities in the United States or any other jurisdiction. The securities referred to herein have not been and will not
be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be
offered or sold, directly or indirectly, in the United States, absent registration or an exemption from, or transaction
not subject to, the registration requirements of the Securities Act. No public offering of securities is being made in the
United States. Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or
indirectly in or into the United States, Canada, Australia or Japan.
This announcement is for information purposes only and in member states of the European Economic Area (other than
the United Kingdom) is directed only at persons who are qualified investors (as defined in article 2(1)(e) of EU
directive 2003/71/EC (the “Prospectus Directive”) and the relevant implementing rules and regulations adopted by
each Member State). In the United Kingdom, this announcement is directed only at the following persons: investment
professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the “Order”); and high net worth entities, and other persons to whom it may lawfully be communicated, falling
within article 49(2)(a) to (d) of the Order.
This announcement has been issued by and is the sole responsibility of Lighthouse. No representation or warranty
express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted
by Java Capital or by any of their respective affiliates or agents as to, or in relation to, the accuracy or completeness
of this announcement or any other written or oral information made available to or publicly available to any interested
party or its advisers, and any liability therefore is expressly disclaimed.
Date: 12-08-2021 07:45:00
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