Delta Africa shareholders are referred to the unaudited consolidated interim financial statements for the six months ended 31 December 2015 announced on 18 February 2016 and are hereby advised that the distribution guidance provided below is in addition to the information contained in the Announcement.
Given the performance of the Company during the 6 month period ended 31 December 2015, the benefit of a reduced total cost of borrowing, the stability of Delta Africa’s tenants in the various regions and the positive impact of the proposed inclusion of The Pivotal Fund’s African portfolio of assets, the board of directors of Delta Africa (the ?Board?) is confident that the Company will achieve distribution growth of between 3% (or 11.63 USDc per share) and 6% (or 11.95 USDc per share) for the financial year ended 30 June 2016, when compared to the distribution for the financial year ended 30 June 2015 (11.28 USDc per share).
The aforementioned distribution guidance assumes no major business disruptions and that the acquisitions currently in the pipeline are successfully implemented.
This forecast is the responsibility of the Board and has not been reviewed or reported on by the auditors of Delta Africa.
Delta Africa has its primary listings on both the Official Market of the Stock Exchange Mauritius Ltd and the Main Board of JSE Limited.
