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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 announcement released on 27 October 2016 and the
subsequent finalisation announcement release on 8 November 2016 wherein they were advised that that the board of
directors of the Company (the “board”) had approved a second interim dividend of 1.575 pence per share in respect
of the year ended 31 August 2016 comprising: -
- 1.1025 pence (70%) a property income distribution (“PID”), subject to a deduction of 20% UK withholding tax
unless exemptions apply; and
- 0.4725 pence (30%) a non-PID, which will be treated as an ordinary UK company dividend, with no withholding
tax deducted.
Shareholders were further advised that the board intended offering shareholders a cash dividend or the election to
receive a scrip dividend by way of an issue of new Redefine International shares (of the same class as existing
shares) credited as fully paid up (“scrip dividend”).
The Company is pleased to announce that election forms for 489,086,495 ordinary shares of 8 pence each in the
Company (“ordinary shares”) have been received, representing a 27.3% take up by shareholders, for which
17,141,172 scrip dividend shares are to be issued, being approximately 0.96% of the current issued share capital of
the Company.
An application will be 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 Monday, 12 December 2016.
This announcement is being made ahead of the proposed schedule, prior to Admission.
Following Admission, the total number of voting rights will be 1,811,739,822 (“ISC”). No ordinary shares are held
in treasury. The figure of 1,811,739,822 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 Persons Closely Associated have informed the Company that they have elected to take
up the Scrip Dividend Shares:
Scrip dividend shares New
Party allotted % of ISC shareholding % of ISC
Bernie Nackan 682 0.000 20,292 0.001
Adrian Horsburgh 347 0.000 10,347 0.000
For further information:
Redefine International P.L.C.
Donald Grant Tel: +44 (0) 20 7811 0100
FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie Sweeney Tel: +44 (0) 20 3727 1000
Instinctif Partners
SA Public Relations Adviser
Frederic Cornet, Lizelle du Toit Tel: +27 (0) 11 447 3030
JSE Sponsor
Java Capital Tel: + 27 (0) 11 722 3050
Redefine International is an opportunistic, income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT)
committed to delivering superior distributions to its shareholders throughout the property cycle. Our income driven
total returns are underpinned by a diversified portfolio, together with an efficient capital structure.
The property portfolio, independently valued at £1.5 billion, is focused in Europe's two strongest economies, being
the United Kingdom and Germany. The portfolio is weighted towards well-located properties across retail,
commercial and hotel sectors, which benefit from strong demand and from which we believe we can capture income
and value growth by attracting high calibre occupiers on long leases.
We hold a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock
Exchange and are included within the FTSE 250 and EPRA indices.
www.redefineinternational.com
25 November 2016
JSE sponsor
Java Capital
Date: 25/11/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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