BRIEF – Indluplace's private placement significantly oversubscribed

Indluplace Properties Limited, a focussed residential property fund,  confirmed on 3rd June that it will list on the main board of the securities exchange operated by the JSE on 19th June 2015.

The private placement was significantly oversubscribed and Indluplace has successfully raised an aggregate amount of R400 million, by placing 40 million of its shares with invited investors at an issue price of R10.00 per share.

The allocated shares will be credited to successful applicants on a ‘delivery-versus-payment’ basis on the date of listing being Friday, 19 June 2015.

An application has been made to the JSE for the listing of 175 793 640 ordinary shares in the “Residential REIT’s” sector of the Main Board of the JSE with effect from the commencement of trade on the JSE on Friday, 19 June 2015.