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Results of dividend election
REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8V8G91
(“Redefine International” or “the Company”)
RESULTS OF DIVIDEND ELECTION
Redefine International shareholders are referred to the results announcement for the year ended 31 August 2014
released on 29 October 2014 where the Company declared an interim dividend of 1.70 pence per share in respect of
the six months ended 31 August 2014 and offered shareholders an election to receive either a scrip dividend by way
of an issue of new Redefine International shares credited as fully paid up (the “scrip dividend”) or a cash dividend
(the “cash dividend”).
The Company is pleased to announce that election forms for 748,692,215 ordinary shares of 8 pence each in the
Company (“ordinary shares”) have been received, representing a 57.8 per cent take up by shareholders, for which
23,811,486 scrip dividend shares are to be issued, being approximately 1.8 per cent of the current issued share capital
of the Company (“ISC”).
An application has been made for the scrip dividend shares, which will rank pari passu in all respects with the
Company’s existing issued Ordinary Shares, to be admitted to the Premium Segment of the Official List of the
United Kingdom Listing Authority, to trading on the London Stock Exchange’s Main Market for listed securities and
to be listed on the JSE (“Admission”). It is expected that Admission will occur on 5 December 2014.
This announcement is being made ahead of the proposed schedule in order to confirm the property income
distribution (“PID”) and non-PID allocations for the cash dividend and the scrip dividend.
Redefine International shareholders are further referred to the finalisation announcement in respect of the interim
dividend for the six months ended 31 August 2014, released on 6 November 2014, wherein it was stated that “the
non-PID element will first accrue to the shareholders who make an election to receive shares and thereafter pro-rata
to the cash dividend if any non-PID element is remaining”. Shareholders are advised that as the scrip dividend
elections exceeded the total amount of non-PID element available, the resulting allocations are set out in the tables
below:
i) Shareholders receiving the scrip dividend
Share entitlement: Shareholders on the UK share register
PID element Non-PID element
No. of scrip dividend shares issued
per 100 Redefine International
shares held: 3.11073 1.23093* 1.87979
*Certain categories of UK shareholders may apply for exemption, in which case the PID element will be paid gross.
Share entitlement: Shareholders on the SA share register
PID element Non-PID element
No. of scrip dividend shares issued
per 100 Redefine International
shares held: 3.17688 1.25711 1.91977
ii) Shareholders receiving the cash dividend
As a result of the scrip elections exceeding the total amount of non-PID element available, the cash dividend will be
paid out purely as a PID:
Shareholders on the Shareholders on the
UK share register SA share register
PID element (gross) 1.70 pence 30.3807 ZAR cents
*Less 20% withholding tax 0.34 pence 6.07614 ZAR cents
PID element (net) 1.36 pence 24.30456 ZAR cents
*Certain categories of UK shareholders may apply for exemption, in which case the PID element will be paid gross.
Following Admission, the total number of voting rights will be 1,319,908,835. No ordinary shares are held in
treasury. The figure of 1,319,908,835 ordinary shares may then be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure
and Transparency Rules.
The following Directors and Connected Persons have informed the Company that they have elected to take up the
Scrip Dividend Shares:-
Scrip Dividend
Party Shares Allotted % of ISC New Shareholding % of ISC
Redefine Properties Ltd 6,862,250 0.52% 396,387,888 30.03%
Bernard Nackan 529 0.00% 17,173 0.00%
For further information:
Redefine International P.L.C.
Michael Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100
FTI Consulting
UK Public Relations Adviser
Stephanie Highett, Dido Laurimore, Claire Turvey Tel: +44 (0) 20 3727 1000
FTI Consulting
SA Public Relations Adviser
Max Gebhardt Tel: +27 (0) 11 214 2402
JSE Sponsor
Java Capital Tel: +27 (0) 11 283 0042
Notes to editors:
Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a secondary listing
on the Johannesburg Stock Exchange.
27 November 2014
Date: 27/11/2014 02:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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