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REDEFINE PROPERTIES LIMITED - Dealings in securities by directors of Redefine

Release Date: 07/05/2013 14:15
Code(s): RDF     PDF:  
Wrap Text
Dealings in securities by directors of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
Share Code: RDF ISIN Code: ZAE000143178
(“Redefine”)


DEALINGS IN SECURITIES BY DIRECTOR’S OF REDEFINE


Linked unitholders are advised of the following information relating to the grant and acceptance of linked units
offered under The Redefine Long-term Incentive Scheme: Restricted Unit Scheme (“the scheme”) in accordance with
the following conditions:

- upon acceptance of the acceptance of the award of restricted units under the scheme (“the restricted units”), vesting
  will occur in 4 equal tranches from the date of award to 30 November 2013, 30 November 2014, 30 November
  2015 and 30 November 2016 respectively; and

- 60% of each tranche is subject to certain performance conditions relating to growth in distributions per linked unit
  in relation to peer companies, performance relative to approved budget and achievement of strategic objectives.

  Name of director:                                   Marc Wainer
  Transaction date:                                   6 May 2013
  Class of securities:                                Linked units
  Number of securities:                               1 200 000
  Price per security:                                 RNil
  Total deemed value:                                 R13 560 000.00, being the total deemed value calculated
                                                      using the closing price of Redefine linked units on 6 May
                                                      2013 of R11.30
  Nature of transaction:                              Off-market acceptance of the restricted units offered in
                                                      terms of the scheme
  Nature and extent of director’s interest:           Direct beneficial
  Name of director:                                   David Rice
  Transaction date:                                   6 May 2013
  Class of securities:                                Linked units
  Number of securities:                               900 000
  Price per security:                                 RNil
  Total deemed value:                                 R10 170 000.00, being the total deemed value calculated
                                                      using the closing price of Redefine linked units on 6 May
                                                      2013 of R11.30
  Nature of transaction:                              Off-market acceptance of the restricted units offered in
                                                      terms of the scheme
  Nature and extent of director’s interest:           Direct beneficial
  Name of director:                                   Andrew Konig
  Transaction date:                                   6 May 2013
  Class of securities:                                Linked units
  Number of securities:                               720 000
  Price per security:                                 RNil
  Total deemed value:                                 R8 136 000.00, being the total deemed value calculated
                                                      using the closing price of Redefine linked units on
                                                      6 May 2013 of R11.30
  Nature of transaction:                              Off-market acceptance of the restricted units offered in
                                                      terms of the scheme
  Nature and extent of director’s interest:           Direct beneficial

7 May 2013


Sponsor
Java Capital

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