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GROWTHPOINT PROPERTIES LIMITED - Voluntary Announcement - Initial Investment In Griffin Premium Re.. N.V.

Release Date: 12/04/2018 09:00
Code(s): GRT     PDF:  
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Voluntary Announcement -  Initial Investment In Griffin Premium Re.. N.V.

Growthpoint Properties Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
Registration number 1987/004988/06
ISIN: ZAE000179420
JSE Share code: GRT
("Growthpoint” or “the Company”)


VOLUNTARY ANNOUNCEMENT - INITIAL INVESTMENT IN GRIFFIN PREMIUM
RE.. N.V.


Growthpoint, in line with its internationalisation strategy, will via its wholly-owned
subsidiary Growthpoint Properties International (Pty) Limited (“GPI”), participate in an
issue of new ordinary shares by Griffin Premium Re.. N.V. (“GPRE”). Growthpoint will
invest an amount of no less than €120m and no more than €150m. GPRE has agreed to
allocate shares subject to Growthpoint’s and its associates’ total direct or indirect
shareholding being less than 30.0% of the fully diluted share capital of GPRE. Further
conditions include (a) the passing at the general meeting of GPRE to be held on 26 April
2018 (or at any adjourned meeting) of resolutions approving the issue of the new shares
and exclusion or limitation of pre-emptive rights in this respect; (b) the receipt by
Growthpoint of an underwriting fee equal to 1.5%; and (c) the new shares being allotted
and validly issued at the offer price of €1.57, as fully paid ordinary shares in the capital
of GPRE (subject only to the admission to listing on the Warsaw Stock Exchange, which
shall occur on or before 31 July 2018).



A copy of this notice has also been made available on the Company’s website at:
http://www.growthpoint.co.za/Pages/InvestorLanding.aspx


Sandton

12 April 2018

Sponsor: Investec Bank Limited

Date: 12/04/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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