REDEFINE PROPERTIES LIMITED - Dealings in securities by an associate of a director of the company

Dealings in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
(“Redefine” or the “company”)


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are advised of the following information relating to dealings in securities by an associate of a
director of Redefine:

Name of associate:                          Clearwater Capital (Holdings) (Pty) Ltd (“Clearwater Capital
                                            Holdings”)
Name of director:                           Harish Mehta
Relationship to director:                   Manton No. 1 (Pty) Ltd (“Manton”), which is wholly owned by
                                            The HKM Family Trust (of which Harish Mehta is a trustee and
                                            beneficiary), is a shareholder of Clearwater Capital Holdings.
                                            Harish Mehta is a director of Manton and the sole director of
                                            Clearwater Capital Holdings.
                                            The HKM Family Trust No 2 (of which Harish Mehta is a trustee
                                            and beneficiary) is the sole shareholder of Clearwater Capital
                                            (Pty) Ltd, which is also a shareholder of Clearwater Capital
                                            Holdings.
Transaction date:                           29 August 2019
Class of securities:                        Ordinary shares
Nature and extent of director’s interest:   Indirect beneficial
Nature of transaction:                      Off-market long dated over-the-counter hedging transaction,
                                            comprising a 5 year put option over 18 000 000 Redefine
                                            shares with a put strike price of R7.81 and an expiry date of
                                            30 August 2024. The transaction is intended to be cash settled
                                            by Clearwater Capital Holdings at expiry with no change in its
                                            shareholding in Redefine.

Shareholders are further referred to the announcement released on SENS on 30 August 2018 wherein
shareholders were advised that Clearwater Capital Holdings had entered into zero cost collar hedges (the
“hedge”) over 5 000 000 Redefine shares with a short put strike price of R9.45, a long put strike price of
R10.50 and a call strike price of R10.90 and an expiry date of 27 August 2019; and to the announcement
released on 31 August 2018 wherein shareholders were advised that Clearwater Capital Holdings had
entered into a hedge over 700 000 Redefine shares with a short put strike price of R9.54, a long put strike
price of R10.60, a call strike price of R11.00 and an expiry date of 30 August 2019 (collectively “the
transactions”).

The transactions have now expired and were settled off-market by way of a cash payment to Clearwater
Capital Holdings of in aggregate R5 992 000.00 under the terms of the hedges, with no change in Clearwater
Capital Holdings’ shareholding in Redefine.

30 August 2019


Sponsor
Java Capital

Date: 30/08/2019 05:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
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.