JSE Sens

NEW FRONTIER PROPERTIES LIMITED - Extension of Time for Posting of Circular

2020/06/30 11:08:00

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                    Extension of Time for Posting of Circular

New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number: 123368C1/GBL)
SEM share code: NFP.N0000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)


Shareholders are referred to the announcement released on SENS and the website of the Stock Exchange
of Mauritius Ltd (“SEM”) on 30 April 2020 advising that the JSE Limited (“the JSE”) had approved the
extension of the posting of the circular in respect of the Primark Store at Cooper’s Square Shopping Centre
(the “Circular”).

Due to substantial delays, partly due to the COVID-19 lockdown, the Company is still in the process of finalising
the appointments of the independent property valuer, which is based in the UK, and the reporting accountant
who is required to prepare reports on the pro forma financial information and the historical financial information
of the property. As a result, the Circular will not be completed in time to meet the requirements of paragraph
9.20(b) of the JSE Listings Requirements and will not be posted to shareholders within the extended time frame
of 22 June 2020.

Accordingly, the JSE has approved a further extension until 31 July 2020 for the completion of the Circular.

Shareholders are reminded that the transaction constitutes an undertaking in the ordinary course of business
of New Frontier and therefore does not fall under the scope of Chapter 13 of the SEM Listing Rules. However,
the transaction is a Category 1 transaction in terms of the JSE Listings Requirements and, accordingly, requires
shareholder approval.

New Frontier holds primary listings on both the Official Market of the SEM and the Alternative Exchange
of the JSE.

30 June 2020

This notice is issued pursuant to SEM Listing Rule 11.3, the Mauritian Securities Act 2005 and section
9.20(b) of the JSE Listings Requirements. The Board of Directors of the Company accepts full
responsibility for the accuracy of the information contained in this announcement.

For further information please contact:

                                            SEM Authorised
         JSE Sponsor                   Representative and Sponsor                  Company Secretary
     Arbor Capital Sponsors                Perigeum Capital Ltd                 Vistra (Mauritius) Limited
        +27 11 480 8500                       +230 402 0890                          + 230 260 7275

Date: 30-06-2020 11:08:00
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