Wrap Text
RIN - Redefine Properties International Limited - Offer closed,
admission of ordinary shares and completion of compulsory acquisition
Redefine Properties International Limited
(formerly Kalpafon Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN Code: ZAE000149282
("RIN")
Set out below is an announcement which was released by Redefine
International P.L.C. (formerly Wichford P.L.C.), the London Stock
Exchange-listed subsidiary of RIN, on the Regulatory News Service
("RNS") of the London Stock Exchange today.
"Redefine International P.L.C.
(the "Company")
OFFER CLOSED, ADMISSION OF ORDINARY SHARES AND COMPLETION OF COMPULSORY
ACQUISITION
Redefine International P.L.C. (LSE: RDI), the diversified income-
focused property company, is pleased to announce the Company`s
admission of an additional 13,829,680 Ordinary Shares of 7.2 pence each
("Ordinary Shares") to the Premium Segment of the Official List of the
UK Listing Authority and to trading on the London Stock Exchange`s Main
Market for listed securities, effective from 8:00 am on 6 October 2011.
Further to the announcement by the Company on 22 August 2011 that the
Offer had become unconditional and the Company intended to exercise its
rights under Part 18 of the Companies (Jersey) Law 1991 to compulsorily
acquire all outstanding shares ("Redefine Shares") in Redefine
International plc ("Redefine"), the Jersey domiciled company, on the
same terms as the Offer, these additional Ordinary Shares have now been
allotted following the completion of that compulsory acquisition
process.
As at 4 October 2011, the Company had received valid acceptances of the
Offer in respect of a total of 449,701,785 Redefine Shares,
representing approximately 99.45 per cent of the ordinary share capital
of Redefine. The remaining 0.55 per cent of the Redefine Shares in
issue have therefore been compulsorily acquired by the Company and,
accordingly, the Offer has now closed. Non-assenting Redefine
shareholders who had not yet accepted the Offer are encouraged to
contact the Company via its website www.redefineinternational.com
Following completion of this compulsory acquisition, Redefine will be
re-registered as a private limited company under the provisions of the
Companies (Jersey) Law 1991 and will become a wholly-owned subsidiary
of the Company.
In accordance with the FSA`s Disclosure and Transparency Rules 5.6.1.,
the Company confirms that following admission of the Ordinary Shares on
6 October 2011, the Company`s issued share capital will consist of
567,643,792 Ordinary Shares with voting rights. The Company holds no
shares in Treasury.
The total number of voting rights in the Company is 567,643,792. The
figure of 567,643,792 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change
in their interest in, the share capital of the Company under the FSA`s
Disclosure and Transparency Rules.
This announcement should be read in conjunction with the full text of
the Prospectus published on 13 July 2011 available on the Company`s
website at www.redefineinternational.com. Defined terms used in the
Prospectus shall have the same meanings when used in this announcement
unless the context otherwise requires.
Further enquiries:
Redefine International P.L.C.
Philippe de Nicolay, Chairman Tel: +55 (11) 9636 7979
Redefine International Property Management
Ltd
Investment Adviser
Michael Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100
Peel Hunt
Joint Corporate Broker
Capel Irwin, Matthew Armitt, Hugh Preston Tel: +44 (0) 20 7418 8900
Evolution Securities
Joint Corporate Broker
Chris Sim, Jeremy Ellis Tel: +44 (0) 20 7071 4300
FTI Consulting
Public Relations Adviser
Stephanie Highett, Dido Laurimore Tel: +44 (0) 20 7831 3113"
5 October 2011
Sponsor to Redefine Properties International Limited
Java Capital
Date: 05/10/2011 16:00:02 Supplied by www.sharenet.co.za
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