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UNIVERSAL PARTNERS LIMITED - Approval of the Stock Exchange of Mauritius Ltd for the issue of additional shares

Release Date: 16/11/2021 15:05
Code(s): UPL     PDF:  
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Approval of the Stock Exchange of Mauritius Ltd for the issue of additional shares

(Incorporated in the Republic of Mauritius)
(Registration number: 138035 C1/GBL)
SEM share code: UPL.N0000
JSE share code: UPL
ISIN: MU0526N00007
("Universal Partners" or "the Company")


The Board of Directors of Universal Partners (the "Board") is pleased to announce that the Listing
Executive Committee of the Stock Exchange of Mauritius Ltd (the "SEM") has approved, on 16 November
2021, the issue and listing of 436,032 additional ordinary shares of the Company (the "new shares") on
the Official Market of the SEM by way of a consideration issue for the part settlement of the carry fee
owed to Argo Investment Managers ("Argo") in relation to the disposal of the investment in YASA Limited
(the "Transaction"), a British manufacturer of electric motors and motor controllers for use in automotive
and industrial applications.

Following the issue of the new shares to Argo, Universal Partners will have a total of 72,786,163 shares in
issue. The new shares are expected to list and trade on the Official Market of the SEM as from Friday, 19
November 2021.

As required by the SEM Listing Rules, the Information Note relating to the Transaction and the issue of
the new shares, will be made available for inspection for at least 10 business days, during normal office
hours (from 9 a.m. to 5 p.m. Mauritian time) at the registered office of the Company at c/o
Intercontinental Trust Ltd, Level 3, Alexander House, 35 Cybercity, Ebene 72201, Republic of Mauritius, as
from 16 November 2021. The Information Note will also be available on the Company’s website:

This announcement is not an invitation to the public to subscribe for shares in the Company and is
provided for information purposes only.

Universal Partners has its primary listing on the Official List of the SEM and a secondary listing on the
Alternative Exchange of the JSE.

By order of the Board

16 November 2021

For further information please contact:

                                     SEM Authorised Representative
          JSE Sponsor                        and Sponsor                       Company Secretary
         Java Capital                     Perigeum Capital                 Intercontinental Trust Ltd
      Tel: +27 11 722 3050               Tel: +230 402 0890                    Tel: +230 403 0800

This notice is issued pursuant to the SEM Listing Rule 11.3, Rule 5(1) of the Securities (Disclosure Obligations of
Reporting Issuers) Rules 2007 and the JSE Listings Requirements. The Board of Universal Partners accepts full
responsibility for the accuracy of the information contained in this announcement.

Date: 16-11-2021 03:05:00
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