Wrap Text
Dealings In Securities By Directors And Associates Of Directors Of Redefine
REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
(“Redefine” or the “company”)
DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS OF REDEFINE
Shareholders are advised that pursuant to the declaration of a cash dividend for the year ended 31 August 2015 with an
election to reinvest the cash dividend in return for shares, the results of which were announced on Monday,
30 November 2015 (the “share reinvestment alternative”), directors of the company elected to reinvest the cash
dividend in respect of shares held by them under the Matching Scheme of the Redefine Executive Incentive Scheme and
received shares as follows:
Name of director: Marc Wainer
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 9 794
Price per security: R10.30
Total value of transaction: R100 878.20
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Andrew König
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 8 427
Price per security: R10.30
Total value of transaction: R86 798.10
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: David Rice
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 7 670
Price per security: R10.30
Total value of transaction: R79 001.00
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Mike Ruttell
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 715
Price per security: R10.30
Total value of transaction: R7 364.50
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Shareholders are further advised that pursuant to the share reinvestment alternative, directors and associates of directors
of Redefine, elected to reinvest the dividend in respect of shares held by them, and received shares as follows:
Name of director: Andrew König
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 12 524
Price per security: R10.30
Total value of transaction: R128 997.20
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Leon Kok
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 3 980
Price per security: R10.30
Total value of transaction: R40 994.00
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Bernard Nackan
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 462
Price per security: R10.30
Total value of transaction: R4 758.60
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of company secretary: David Rice
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 20 743
Price per security: R10.30
Total value of transaction: R213 652.90
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of associate: Lesley Wainer
Name of director: Marc Wainer
Relationship to director: Wife
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 4 715
Price per security: R10.30
Total value of transaction: R48 564.50
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Not applicable
Name of associate: The Clearwater Partnership
Name of director: Harish Mehta
Relationship to director: The HKM Family Trust No 2 (of which Harish Mehta is a trustee
and beneficiary) is the sole shareholder of Clearwater Capital
Proprietary Limited, which is the general partner of the general
partner of The Clearwater Partnership
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 343 304
Price per security: R10.30
Total value of transaction: R3 536 031.20
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Clearwater Property Holdings No. 4 Proprietary Limited
Name of director: Harish Mehta
Relationship to director: The Clearwater Partnership holds 100% of the shares in Clearwater
Property Holdings No. 4 Proprietary Limited, of which Harish
Mehta is the sole director. The HKM Family Trust No 2 (of which
Harish Mehta is a trustee and beneficiary) is the sole shareholder of
Clearwater Capital Proprietary Limited, which is the general
partner of the general partner of The Clearwater Partnership
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 949 368
Price per security: R10.30
Total value of transaction: R9 778 490.40
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Clearwater Property Holdings No. 5 Proprietary Limited
Name of director: Harish Mehta
Relationship to director: The Clearwater Partnership holds 100% of the shares in Clearwater
Property Holdings No. 5 Proprietary Limited, of which Harish
Mehta is the sole director. The HKM Family Trust No 2 (of which
Harish Mehta is a trustee and beneficiary) is the sole shareholder of
Clearwater Capital Proprietary Limited, which is the general
partner of the general partner of The Clearwater Partnership
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 686 650
Price per security: R10.30
Total value of transaction: R7 072 495.00
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director’s interest: Indirect beneficial
Shareholders are further advised of the following dealings in relation to the third tranche of the award of restricted shares
under the Restricted Unit Scheme of the Redefine Executive Incentive Scheme (“the Restricted Unit Scheme”) disclosed
in the announcement released on SENS on 7 May 2013:
Name of director: Marc Wainer
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 237 000
Price per security: R10.55
Total value of transaction: R2 500 350.00
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Andrew König
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 142 000
Price per security: R10.55
Total value of transaction: R1 498 100.00
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: David Rice
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 177 750
Price per security: R10.55
Total value of transaction: R1 875 262.50
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Shareholders are further advised of the following dealings in relation to the second tranche of the award of restricted
shares under the Restricted Unit Scheme disclosed in the announcement released on SENS on 28 November 2014:
Name of director: Leon Kok
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 126 400
Price per security: R10.55
Total value of transaction: R1 333 520.00
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Mike Ruttell
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 118 500
Price per security: R10.55
Total value of transaction: R1 250 175.00
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Shareholders are further advised of the following information relating to the grant and acceptance of shares offered under
the Restricted Unit Scheme in accordance with the following conditions:
- upon the acceptance of the award of restricted shares under the Restricted Unit Scheme (“restricted shares”),
vesting will occur on 30 November 2018; and
- 60% of the award is subject to certain performance conditions relating to growth in distributions per share in
relation to peer companies, performance relative to approved budget and achievement of strategic objectives.
Name of director: Marc Wainer
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 400 000
Price per security: Rnil
Total value of transaction: R4 220 000.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Andrew König
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 300 000
Price per security: Rnil
Total value of transaction: R3 165 000.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: David Rice
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 275 000
Price per security: Rnil
Total value of transaction: R2 901 250.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Leon Kok
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 230 000
Price per security: Rnil
Total value of transaction: R2 426 500.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Mike Ruttell
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 155 000
Price per security: Rnil
Total value of transaction: R1 635 250.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
2 December 2015
Sponsor
Java Capital
Date: 02/12/2015 11:43:00 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.
Sharenet Sites 
