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REDEFINE PROPERTIES LIMITED - Results of dividend re-investment alternative

Release Date: 30/05/2016 16:30
Code(s): RDF     PDF:  
Wrap Text
Results of dividend re-investment alternative

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”)


RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE

Shareholders are referred to the declaration of a final cash dividend of 41.70 cents per share (the “cash dividend”)
with an election to reinvest the dividend in return for Redefine shares (the “share alternative”) announced on SENS
on Thursday, 5 May 2016 for the six months ended 29 February 2016 and the announcement of the reinvestment price
per new share (being R10.80 per share) applicable to Redefine shareholders electing the share alternative released on
SENS on Friday, 13 May 2016.

Shareholders holding 1 979 183 938 Redefine shares or 40.80% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 74 865 868 new Redefine
shares, retaining R808.5 million (based on the issue price of R10.80 per new share after accounting for the applicable
dividend withholding tax in respect of non-resident shareholders) in new equity for Redefine. Accordingly, a total
cash dividend of R1.86 billion is payable today in respect of 2 871 304 851 Redefine shares.

Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have
provided their bank details to Redefine’s transfer secretaries will have their bank accounts credited on 30 May 2016.
Share certificates in respect of certificated shareholders who did elect the share alternative in respect of some or all of
their shares will be posted on Wednesday, 1 June 2016 to certificated shareholders at their risk. The Central Securities
Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share
alternative in respect of some or all of their shares will be credited with the cash dividend on 30 May 2016 and the
Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the
share alternative in respect of some or all of their shares will be credited on Wednesday, 1 June 2016 with their new
Redefine shares.

30 May 2016


Corporate advisor and sponsor
Java Capital

Date: 30/05/2016 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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