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REDEFINE PROPERTIES LIMITED - Acquisition of Additional Fountainhead Units

Release Date: 28/10/2013 16:15
Code(s): RDF     PDF:  
Wrap Text
Acquisition of Additional Fountainhead Units

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000143178
(Approved as a REIT by the JSE)
(“Redefine”)


ACQUISITION OF ADDITIONAL FOUNTAINHEAD UNITS


Redefine unitholders are referred to the previous announcements published on SENS on 2 October 2013 and
17 October 2013 wherein it was advised, inter alia, that Redefine proposed acquiring up to an additional 250 million
Fountainhead units in return for 110 Hyprop units for every 1 000 Fountainhead units acquired by Redefine.

Subsequent to 2 October 2013 Redefine has acquired an additional 139 782 000 Fountainhead units from various
Fountainhead unitholders in return for 15 376 020 Hyprop units (“the acquisition”). Redefine now holds 61.7% of
Fountainhead’s issued units.

The acquisition is in line with Redefine’s previously stated strategy to use its Hyprop units as currency to acquire
additional Fountainhead units and to make the offer available to all Fountainhead unitholders.

The impact of the acquisition on Redefine’s net asset value, net tangible asset value, distribution per unit, earnings and
diluted earnings per unit and headline earnings and headline diluted earnings per unit is not significant (less than 3%)
and therefore has not been disclosed.

28 October 2013


Corporate advisor, legal advisor and sponsor                        Attorneys
Java Capital                                                        Cliffe Dekker Hofmeyr




This announcement does not constitute or form part of an offer to purchase securities. This announcement does not and is not intended to
constitute an offer to the public in South Africa in terms of the South African Companies Act 71 of 2008 (the “Companies Act”). Neither this
announcement nor any copy of it may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada, Australia or
Japan or any other country or territory where it is unlawful to do so.

Date: 28/10/2013 04:15:00 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.

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