Wrap Text
Accelerated bookbuild offering of linked 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”)
ACCELERATED BOOKBUILD OFFERING OF LINKED UNITS
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD
BE UNLAWFUL TO DO SO
Redefine announces the launch of an accelerated offering of new linked units to raise approximately R1.0 billion,
subject to pricing that is acceptable to Redefine (the “Placement”).
As set out in the presentation of its financial results for the year ended 31 August 2013, Redefine has concluded
agreements, subject to customary approvals, for the acquisition of properties for a total consideration of R3.4 billion,
including the R727 million acquisition of 51 percent of Maponya Mall in Soweto. The proceeds of the Placement will
be used to finance these property acquisitions.
The new linked units will be issued by Redefine under its general authority to issue linked units for cash and its
authority to issue linked units to fund the acquisition of property assets.
The Placement will be offered to qualifying investors only through an accelerated bookbuild process. The book for the
Placement will open with immediate effect and is expected to close today.
Pricing and allocations will be announced as soon as practicable following the closing of the book.
Java Capital and Rand Merchant Bank, a division of FirstRand Bank Limited, are acting as joint bookrunners (the
“Joint Bookrunners”) for the Placement.
Johannesburg
26 November 2013
Joint Bookrunner and sponsor
Java Capital
Joint Bookrunner
Rand Merchant Bank, a division of FirstRand Bank Limited
This announcement is not for publication or distribution or release, directly or indirectly, in or into the United States,
Australia, Canada, Japan or any other jurisdiction in which such release, publication or distribution would be
unlawful. This announcement is for information purposes only and shall not constitute or form part of an offer or
solicitation of an offer to purchase or subscribe for securities in the United States or any other jurisdiction. The
Placement is not to be regarded as an offer or invitation to any person in any jurisdiction to the extent that any
applicable legal requirement in such jurisdiction has not been complied with or it is for any reason illegal or unlawful
to make such an offer or invitation in such jurisdiction.
The securities offered in terms of the Placement have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold, directly or indirectly, in the
United States, absent an exemption from, or transaction not subject to, the registration requirements of the Securities
Act. No public offering of securities is being made in the United States. 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.
Neither this announcement nor the Placement constitutes or is intended to constitute an offer to the public in South
Africa in terms of the South African Companies Act 71 of 2008 (as amended).
This announcement is for information purposes only and in member states of the European Economic Area (other
than the United Kingdom) is directed only at, and the Placement will only be made to, persons who are qualified
investors (as defined in article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive") and the relevant
implementing rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at and the Placement will only be made to, the following persons: investment professionals falling within
article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); and
high net worth entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to
(d) of the Order.
This announcement has been issued by and is the sole responsibility of Redefine. No representation or warranty,
express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by
the Joint Bookrunners or by any of its respective affiliates or agents as to, or in relation to, the accuracy or
completeness of this announcement or any other written or oral information made available to or publicly available to
any interested party or its advisers, and any liability therefore is expressly disclaimed.
This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with
an investment in the securities. Any investment decision to buy securities in the Placement must be made solely on the
basis of publicly available information which has not been independently verified by the Joint Bookrunners.
The Joint Bookrunners are acting for Redefine, and no one else, in connection with the Placement and will not be
responsible to anyone other than Redefine for providing the protections offered to clients of the Joint Bookrunners,
nor for providing advice in relation to the Placement.
Date: 26/11/2013 08:00:00 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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