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REDEFINE PROPERTIES LIMITED - Posting of notice of general meeting announcement

Release Date: 22/07/2014 15:16
Code(s): RDF     PDF:  
Wrap Text
Posting of notice of general meeting announcement

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”)


POSTING OF NOTICE OF GENERAL MEETING ANNOUNCEMENT


1.    INTRODUCTION

      Redefine shareholders are referred to the joint terms announcement which was released on SENS on
      4 July 2014 in terms of which Redefine and Fountainhead Property Trust (“Fountainhead”) advised their
      respective unitholders that they, together with Fountainhead Property Trust Management Limited (“FPTML”),
      had entered into an agreement in terms of which Fountainhead will dispose of all its assets, including the entire
      Fountainhead property portfolio in exchange for 82 Redefine consideration shares for every 100 Fountainhead
      units in issue and the assumption by Redefine of all of Fountainhead’s liabilities, including Fountainhead’s
      interest-bearing debt (the “transaction”).

2.    NOTICE OF GENERAL MEETING

      Redefine shareholders are hereby advised that Redefine has today, 22 July 2014 disseminated a notice of
      general meeting to its shareholders (“notice”).

      A general meeting of Redefine shareholders will be held at 10:00 on Tuesday, 19 August 2014 at the registered
      office of Redefine (Redefine Place, 2 Arnold Road, Rosebank, Johannesburg, 2196) for the purposes of
      considering and, if deemed fit, passing, with or without modification, the ordinary resolution set out in the
      notice necessary to place a sufficient number of Redefine shares in the authorised but unissued share capital of
      the Company under the control of the directors of the Company to be allotted and issued as consideration for the
      transaction or, if the transaction is not implemented for any reason, to be allotted and issued as consideration for
      additional Fountainhead units.

      Shareholders will also be asked to:

      -   place up to 10% of the shares of the issued capital of the Company after the implementation of the
          transaction under the control of the directors of the Company until the next annual general meeting, with the
          authority to allot and issue all or part thereof in their discretion to fund the acquisition of property assets;
          and

      -   authorise the directors of the Company to allot and issue securities of the Company for cash under the
          general authority to issue shares for cash. This authority may not exceed 170 525 356 securities, being 5%
          of the Company’s issued shares as at the date of the notice.

22 July 2014



Corporate advisor and sponsor to Redefine

Java Capital


Legal advisor to Redefine

Cliffe Dekker Hofmeyr

Date: 22/07/2014 03:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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