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REDEFINE PROPERTIES LIMITED - Results of dividend re-investment alternative

Release Date: 28/11/2016 14:34
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 cash dividend of 44.30 cents per share (the “cash dividend”) with an
election to reinvest the cash dividend in return for Redefine shares (the “share reinvestment alternative”),
announced on SENS on 3 November 2016 (the “declaration announcement”) for the year ended 31 August 2016 and
the announcement of the reinvestment price per new share (being R10.53 per share) applicable to Redefine
shareholders electing the share alternative, released on SENS on 15 November 2016.

Shareholders holding 1 218 627 499 Redefine shares or 24.07% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 50 070 862 new Redefine
shares, retaining R527 million (based on the issue price of R10.53 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 R1.7 billion is payable today in respect of 3 843 680 244 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
28 November 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, 30 November 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 28 November 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, 30 November 2016 with their new Redefine shares.

28 November 2016


Corporate advisor and sponsor
Java Capital

Java Capital

Date: 28/11/2016 02:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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