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REDEFINE PROPERTIES LIMITED - Results of distribution re-investment alternative

Release Date: 02/06/2014 14:26
Code(s): RDF     PDF:  
Wrap Text
Results of distribution re-investment alternative

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” or the “company”)


RESULTS OF DISTRIBUTION RE-INVESTMENT ALTERNATIVE


Further to the declaration of a cash distribution of 36.40 cents per linked unit (the “distribution”) with an election to
reinvest the distribution in return for Redefine linked units (the “linked unit reinvestment alternative”) announced
on SENS on Thursday, 8 May 2014 for the six months ended 28 February 2014 and the announcement of the
reinvestment price per new linked unit (being R9.66 per linked unit) applicable to Redefine linked unitholders electing
the linked unit alternative released on SENS on Friday, 16 May 2013.

Linked unitholders holding 1 114 187 138 Redefine linked units or 36% of Redefine linked units qualifying to receive
the distribution elected to receive the linked unit alternative, resulting in the issue of 41 613 025 new Redefine linked
units, retaining R401 981 821.50 (based on the issue price of R9.66 per new linked unit after accounting for the
applicable distribution withholding tax) in new equity for Redefine. Accordingly, a cash distribution of
R715 854 268.41 (of which R3 582 296.73 is payable as a result of the dividend withholding tax applicable to certain
linked unitholders who elected the linked unit reinvestment alternative) is payable today in respect of
1 956 791 131Redefine linked units.

Distribution cheques in respect of certificated linked unitholders who did not elect the linked unit alternative in respect
of some or all of their linked units were posted today to certificated linked unitholders at their risk and linked unit
certificates in respect of certificated linked unitholders who did elect the linked unit alternative in respect of some or
all of their linked units will be posted on Monday, 2 June 2014 to certificated linked unitholders at their risk. The
Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did not
elect the linked unit alternative in respect of some or all of their linked units will be credited with the cash distribution
today and the Central Securities Depository Participants or broker custody accounts of dematerialised linked
unitholders who did elect the linked unit alternative in respect of some or all of their linked units will be credited on
Tuesday, 3 June 2014 with their new Redefine linked units.

2 June 2014


Corporate advisor and sponsor

Java Capital

Date: 02/06/2014 02:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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