To view the PDF file, sign up for a MySharenet subscription.

REDEFINE PROPERTIES LIMITED - Results of dividend re-investment alternative

Release Date: 05/06/2017 15:47
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 44.82 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 8 May 2017 (the “declaration announcement”) for the six months ended 28 February 2017
and the announcement of the reinvestment price per new share (being R10.45 per share) applicable to Redefine
shareholders electing the share alternative, released on SENS on 23 May 2017.

Shareholders holding 1 832 248 932 Redefine shares or 35.16% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 77 673 855 new Redefine
shares, retaining R812 million (based on the issue price of R10.45 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 R1.514 billion is payable today in respect of 3 378 732 582 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 5 June 2017.
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, 7 June 2017 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 5 June 2017 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, 7 June 2017 with their new
Redefine shares.

5 June 2017


Corporate advisor and sponsor
Java Capital

Date: 05/06/2017 03:47:00 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.

Share This Story