Wrap Text
Accelerated bookbuild
HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
("Hyprop" or "the Company" or "the Group")
ACCELERATED BOOKBUILD
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, OUTSIDE SOUTH AFRICA
Hyprop proposes issuing new ordinary shares to raise approximately R500 million of equity capital at pricing
acceptable to Hyprop, utilising Hyprop's remaining general authority to issue shares for cash (the "Capital
Raise").
The proceeds will be used to fund new and organic growth opportunities identified by the Group, which are in
line with the Group's strategy, expected to be earnings-enhancing and should deliver superior risk-adjusted
returns, and to maintain the Group's strong balance sheet. These opportunities include, but are not limited to:
1. New acquisition and expansion opportunities in Eastern Europe, other than the acquisition of Galleria
Burgas in Bulgaria previously announced;
2. The solar and BESS projects at Canal Walk and Somerset Mall;
3. Phase 3 extension at Somerset Mall; and
4. The extension at City Center one East in Croatia.
Hyprop remains on track to deliver growth in distributable income per share of 10% to 12% for the year ending
30 June 2026. This guidance, initially set in September 2025 and reaffirmed in the pre-close operational update
published on SENS on 25 June 2026, is unaffected by the Capital Raise.
The Capital Raise will be by an accelerated bookbuild managed by Java Capital. Participation will be by
invitation from Java Capital, who will provide invitees with the terms and conditions of participation. Any
agreements reached with participants will be subject to the approval of Hyprop in its discretion.
In accordance with the JSE Listings Requirements and Hyprop's general authority to issue shares for cash,
related parties may participate in the Capital Raise provided they do so at the price at which the book closes
(subject to their maximum bid price). It should be noted that pricing for the Capital Raise is subject to a floor
of no more than a 5% discount to the 30-day VWAP, in terms of the authority given at its last annual general
meeting. Hyprop will allocate shares to participants on a basis that Hyprop in its discretion considers equitable,
taking into account Hyprop's objectives and factors including existing shareholdings in Hyprop, pricing and
sizing of bids, receipt of early submissions of commitments and due process.
The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing
shares. Hyprop envisages paying an antecedent dividend to shareholders with its final dividend for the year
ending 30 June 2026, so as not to compromise current shareholders.
Java Capital's contact details are as follows:
Thys de Beer Andrew Brooking
hyprop@javacapital.co.za hyprop@javacapital.co.za
Tel: +27 83 351 7683 Tel: +27 83 642 0113
7 July 2026
Bookrunner and sponsor
Java Capital
The Capital Raise is not an offer to the public as contemplated under the South African Companies Act, No.71
of 2008 as amended ("Companies Act"), nor an offer of securities in any other jurisdiction. Participation in
the Capital Raise 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) or any jurisdiction in which it would be unlawful to do so.
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 Hyprop. 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: 07-07-2026 05:42:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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