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RIN - Redefine Properties International Limited - Subscription for Stapled

Release Date: 04/03/2011 09:00
Code(s): RIN
Wrap Text

RIN - Redefine Properties International Limited - Subscription for Stapled Securities in Cromwell Property Group ("CROMWELL") 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") SUBSCRIPTION FOR STAPLED SECURITIES IN CROMWELL PROPERTY GROUP ("CROMWELL") Linked unitholders are referred to the announcement published on SENS on 24 February 2011 and in the press on 25 February 2011 in terms of which linked unitholders were advised that RIN had through its 82% held subsidiary Redefine Australian Investments Limited("RAIL") entered into a call option agreement ("the call option agreement") in terms of which RAIL had agreed to subscribe for the lesser of 35 000 000 stapled securities or that number of stapled securities which would result in RAIL holding 22.9% of Cromwell ("the transaction"). Linked unitholders are advised that Cromwell has on 2 March 2011 called on RAIL to subscribe for 35 000 000 stapled securities and pay the subscription amount of AUD24 748 500 in terms of the call option agreement. Accordingly, all conditions precedent to the transaction have now been fulfilled. 4 March 2011 Sponsor to Redefine Properties International Limited Java Capital Date: 04/03/2011 09:00:01 Supplied by www.sharenet.co.za 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.

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