Lighthouse Properties increases equity raise to ZAR 300m

LIGHTHOUSE PROPERTIES PLC (JSE:LTE) announced it will increase its equity raise target to ZAR 300 million following strong demand. The company, registered in Malta, initially planned a smaller equity raise but is scaling up in response to investor interest. Java Capital is acting as JSE sponsor and corporate advisor for the transaction, while Stonehage Fleming Malta Limited serves as company secretary. The equity raise is not a public offer but is reserved for invited investors only, subject to specific terms and conditions, including minimum investment thresholds. The announcement stresses that the offering is restricted and not for release in the United States, Canada, Japan, or any jurisdiction where it would be unlawful.