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RIN - Redefine Properties International Limited - Placing and admission of
ordinary shares
Redefine Properties International 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 on
Wednesday, 1 February 2012.
"REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
PLACING AND ADMISSION OF ORDINARY SHARES
The Directors of Redefine International, the income-focused diversified property
company, are pleased to announce that a total of 12,750,000 Ordinary Shares of
7.2 pence each ("Ordinary Shares") have been placed with Redefine Properties
International Limited ("RIN") at a price of 37.0 pence per share (the
"transaction") (a 2% discount to the closing mid-price on 31 January 2012 of
37.75p), of which 939,000 Ordinary Shares have been sold out of treasury.
These shares have been issued pursuant to the Company exercising the Call
Option, as advised on 18 January 2012, in terms of which Redefine International,
at its sole option, could place Ordinary Shares with RIN at the sterling
equivalent of up to AUD7.5 million at current market prices. The Call Option,
between the Company and RIN, was entered into in order to assist with funding
the Company`s underwriting commitment in connection with the Cromwell Property
Group Capital Raising, as announced on RNS on 16 December 2011.
The Company expects admission of an additional 11,811,000 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, for which
application will be made, to become effective at 8.00 am on 6 February 2011.
These new Ordinary Shares will rank pari passu in all respects with the existing
Ordinary Shares in issue.
Following the transaction, the total number of voting rights in the Company is
579,454,792 and no Ordinary Shares are held in treasury. The figure of
579,454,792 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.
Further enquiries:
Redefine International Property Management Ltd
Investment Adviser
Michael Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100
Evolution Securities
Joint Corporate Broker
Chris Sim, Jeremy Ellis Tel: +44 (0) 20 7071 4300
Peel Hunt
Joint Corporate Broker
Capel Irwin, Matthew Armitt, Hugh Preston Tel: +44 (0) 20 7418 8900
FTI Consulting
Public Relations Adviser
Stephanie Highett, Dido Laurimore Tel: +44 (0) 20 7831 3113"
1 February 2012
Sponsor to Redefine Properties International Limited
Java Capital
Date: 01/02/2012 09:00:12 Supplied by www.sharenet.co.za
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