{"id":10461,"date":"2012-05-03T20:32:23","date_gmt":"2012-05-03T18:32:23","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/s-africas-hermans-roman-may-alter-listing-terms\/"},"modified":"2012-05-03T20:32:23","modified_gmt":"2012-05-03T18:32:23","slug":"s-africas-hermans-roman-may-alter-listing-terms","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-hermans-roman-may-alter-listing-terms\/","title":{"rendered":"S. Africa&#8217;s Hermans &amp; Roman may alter listing terms"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> May 3 (Reuters) &#8211; South Africa&#8217;s Hermans  Roman<br \/>\nProperties (HRP) said it was considering amending the terms of<br \/>\nits Johannesburg private placement and listing following<br \/>\nfeedback from investors.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The Cape Town-based company, which had planned to raise<br \/>\n2.039 billion rand ($264 million) from the sale, had been due to<br \/>\npublish the results of the offering on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Following completion of an investor roadshow, the company<br \/>\nis considering investor feedback and its options with regard to<br \/>\nincorporating certain amendments to the terms of the offering,&#8221;<br \/>\nit said.<\/p>\n<p><span><\/span><\/p>\n<p>HRP had been offering to sell 203.9 million linked units, a<br \/>\nform of security issued by property loan stock companies which<br \/>\ntrades like a share but is made up of part share and part loan,<br \/>\nat a fixed price of 10 rand each.<\/p>\n<p><span><\/span><\/p>\n<p>One source close to the offering said the timetable could be<br \/>\nextended.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are being flexible on the timetable and there is a bit<br \/>\nof structural flexibility as well,&#8221; he said, adding that most of<br \/>\nthe interest had come from South African investors.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;South African institutional investors understand property<br \/>\nwell and they know the company&#8217;s management team.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The source said many investors had requested site visits,<br \/>\nwhich had taken time as well as follow-up meetings after the<br \/>\nroadshow.<\/p>\n<p><span><\/span><\/p>\n<p>The company, which planned to use the proceeds of the offer<br \/>\nto purchase five properties including a Zambian shopping centre,<br \/>\nsaid it would update investors on any changes to the offering or<br \/>\ntimetable.<br \/>\n($1 = 7.7225 South African rand)\t<\/p>\n<p> (Reporting by Kylie MacLellan in London and Helen<br \/>\nNyambura-Mwaura in Johannesburg; Editing by Erica Billingham)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON May 3 (Reuters) &#8211; South Africa&#8217;s Hermans Roman Properties (HRP) said it was considering amending the terms of its Johannesburg private placement and listing following feedback from investors. The Cape Town-based company, which had planned to raise 2.039 billion rand ($264 million) from the sale, had been due to publish the results of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10461","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10461"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10461\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}