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REDEFINE PROPERTIES LIMITED - Results of dividend re-investment alternative

Release Date: 04/12/2017 17:25
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”)

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE
US SECURITIES ACT (AS DEFINED BELOW)). THE DISTRIBUTION OF THIS ANNOUNCEMENT MAY BE
RESTRICTED BY LAW IN CERTAIN JURISDICTIONS AND PERSONS INTO WHOSE POSSESSION ANY
DOCUMENT OR OTHER INFORMATION REFERRED TO HEREIN COMES, SHOULD INFORM
THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTION. ANY FAILURE TO COMPLY WITH
THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.


RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE


Shareholders are referred to the declaration of a cash dividend of 47.18 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 6 November 2017 (the “declaration announcement”) for the year ended 31 August 2017 and
the announcement of the reinvestment price per new share (being R10.34 per share) applicable to Redefine
shareholders electing the share alternative, released on SENS on 21 November 2017.

Shareholders holding 772 445 960 Redefine shares or 14.61% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 33 046 121 new Redefine
shares, retaining R341.7 million (based on the issue price of R10.34 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 R2.13 billion is payable today in respect of 4 516 209 409 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
4 December 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, 6 December 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 4 December 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, 6 December 2017 with their new Redefine shares.

Disclaimer

This announcement does not constitute or form part of an offer to sell securities, or the solicitation of any offer to buy
or subscribe for any securities, to or from any person in the United States (or to, or for the account or benefit of, any
such person or any U.S. person) or in any other jurisdiction in which, or to or from any other person to or from whom,
such offer or solicitation is unlawful. The securities referred to in this announcement have not been and will not be
registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold
in the United States or to, or for the account or benefit of, U.S. persons absent registration with the United States
Securities and Exchange Commission or an exemption from registration. There will be no public offer of the securities
in the United States.

4 December 2017


Corporate advisor and sponsor
Java Capital

Date: 04/12/2017 05:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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