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REDEFINE PROPERTIES LIMITED - Dealings in securities by directors of Redefine

Release Date: 12/12/2018 17:50
Code(s): RDF     PDF:  
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Dealings in securities by directors of Redefine

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")


DEALINGS IN SECURITIES BY DIRECTORS OF REDEFINE


Shareholders are hereby advised of the following dealings in securities in relation to the vesting of the
deferred award of shares, made pursuant to the provisions of the Redefine Short-Term Incentive
Scheme ("the STI Scheme"), whereby a portion of the 2015 and 2016 short-term incentives payable
under the STI Scheme were settled by the grant of restricted shares under the Restricted Share
Scheme ("the Restricted Share Scheme") as disclosed in the announcement released on SENS on
17 November 2015 and 19 December 2016. The STI Scheme purchased 646 481 shares on-market
at a weighted average price of R9.8998 per share for a total value of R6 400 032.60 in order to settle
the following awards on 7 December 2018*:

Name of director:                                Marc Wainer
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            279 373
Total value of transaction:                      R2 765 736.83
Nature of transaction:                           Off-market vesting of shares in terms of the Restricted
                                                 Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Vesting of restricted shares occurs automatically in terms
                                                 of the Restricted Share Scheme

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            207 657
Total value of transaction:                      R2 055 762.77
Nature of transaction:                           Off-market vesting of shares in terms of the Restricted
                                                 Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Vesting of restricted shares occurs automatically in terms
                                                 of the Restricted Share Scheme

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            159 451
Total value of transaction:                      R1 578 533.01
Nature of transaction:                           Off-market vesting of shares in terms of the Restricted
                                                 Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Vesting of restricted shares occurs automatically in terms
                                                 of the Restricted Share Scheme
* Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on
the day: R9.62.

Shareholders are hereby advised of the following dealings in securities following the vesting of the
restricted shares under the Restricted Share Scheme as disclosed above:

Name of director:                                Marc Wainer
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            279 373
Weighted average price per security:*            R9.8998
Total value of transaction:                      R2 765 736.83
Nature of transaction:                           On-market sale
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            96 560
Weighted average price per security:*            R9.8998
Total value of transaction:                      R955 924.69
Nature of transaction:                           On-market sale
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            74 144
Weighted average price per security:*            R9.8998
Total value of transaction:                      R734 010.77
Nature of transaction:                           On-market sale
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes
* Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on
the day: R9.62.

Shareholders are further advised of the following information relating to the award and acceptance of
shares pursuant to the provisions of the STI Scheme, whereby a portion of the 2018 short-term
incentive payable under the STI Scheme may be settled by the grant of restricted shares under the
Restricted Share Scheme; which shares will vest in three equal tranches commencing on
30 November 2019 and each year thereafter.

Name of director:                                Marc Wainer
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            542 561
Price per security:                              Rnil
Total value of transaction:                      R5 251 990.48, being the total deemed value calculated
                                                 using the volume weighted average price for the 5 days
                                                 prior to the award date, ex dividend, of R9.68 per share
                                                 ("the 5 day vwap") as at 30 November 2018
Nature of transaction:                           Off-market acceptance of the restricted shares offered in
                                                 terms of the Restricted Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            434 081
Price per security:                              Rnil
Total value of transaction:                      R4 201 904.08, being the total deemed value calculated
                                                 using the volume weighted average price for the 5 days
                                                 prior to the award date, ex dividend, of R9.68 per share
                                                 ("the 5 day vwap") as at 30 November 2018
Nature of transaction:                           Off-market acceptance of the restricted shares offered in
                                                 terms of the Restricted Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            349 184
Price per security:                              Rnil
Total value of transaction:                      R3 380 101.12, being the total deemed value calculated
                                                 using the volume weighted average price for the 5 days
                                                 prior to the award date, ex dividend, of R9.68 per share
                                                 ("the 5 day vwap") as at 30 November 2018
Nature of transaction:                           Off-market acceptance of the restricted shares offered in
                                                 terms of the Restricted Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Shareholders are further advised of the following dealings in relation to the vesting of the 2015 award
of restricted shares under the Restricted Share Scheme of the Redefine Executive Incentive Scheme
disclosed in the announcement released on SENS on 2 December 2015. The Restricted Share
Scheme purchased 930 000 shares on-market at a weighted average price of R9.8998 per share for
a total value of R9 206 814.00 in order to settle the following awards on 7 December 2018*:

Name of director:                                Marc Wainer
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            400 000
Total value of transaction:                      R3 959 920.00
Nature of transaction:                           Off-market vesting of shares in terms of the Restricted
                                                 Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Vesting of restricted shares occurs automatically in terms
                                                 of the Restricted Share Scheme

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            300 000
Total value of transaction:                      R2 969 940.00
Nature of transaction:                           Off-market vesting of shares in terms of the Restricted
                                                 Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Vesting of restricted shares occurs automatically in terms
                                                 of the Restricted Share Scheme

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            230 000
Total value of transaction:                      R2 276 954.00
Nature of transaction:                           Off-market vesting of shares in terms of the Restricted
                                                 Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Vesting of restricted shares occurs automatically in terms
                                                 of the Restricted Share Scheme
* Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on
the day: R9.62.

Shareholders are further advised of the following dealings in securities following the vesting of the
2015 award of restricted shares under the Restricted Share Scheme disclosed above:

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            139 500
Weighted average price per security:*            R9.8998
Total value of transaction:                      R1 381 022.10
Nature of transaction:                           On-market sale
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            106 950
Weighted average price per security:*            R9.8998
Total value of transaction:                      R1 058 783.61
Nature of transaction:                           On-market sale
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes
* Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on
the day: R9.62.

Shareholders are further advised of the following information relating to the grant and acceptance of
shares offered under the Restricted Share Scheme in accordance with the following conditions:

-    upon the acceptance of the award of restricted shares under the Restricted Share Scheme,
     vesting will occur on 30 November 2021; and

-    75% of the award is subject to certain performance conditions relating to growth in distributions
     per share in relation to peer companies, performance relative to approved budget and
     achievement of individual key performance indicators.

Name of director:                                Marc Wainer
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            542 561
Price per security:                              Rnil
Total value of transaction:                      R5 251 990.48, being the total deemed value calculated
                                                 using the volume weighted average price for the 5 days
                                                 prior to the award date, ex dividend, of R9.68 per share
                                                 ("the 5 day vwap") as at 30 November 2018
Nature of transaction:                           Off-market acceptance of the restricted shares offered in
                                                 terms of the Restricted Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            434 081
Price per security:                              Rnil
Total value of transaction:                      R4 201 904.08, being the total deemed value calculated
                                                 using the volume weighted average price for the 5 days
                                                 prior to the award date, ex dividend, of R9.68 per share
                                                 ("the 5 day vwap") as at 30 November 2018
Nature of transaction:                           Off-market acceptance of the restricted shares offered in
                                                 terms of the Restricted Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            349 184
Price per security:                              Rnil
Total value of transaction:                      R3 380 101.12, being the total deemed value calculated
                                                 using the volume weighted average price for the 5 days
                                                 prior to the award date, ex dividend, of R9.68 per share
                                                 ("the 5 day vwap") as at 30 November 2018
Nature of transaction:                           Off-market acceptance of the restricted shares offered in
                                                 terms of the Restricted Share Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Shareholders are also advised of the following dealings in securities in relation to the matching of
qualifying shares held for 3 years under the Matching Scheme of the Redefine Executive Incentive
Scheme ("the Matching Scheme") at a maximum multiple of 3, disclosed in the announcement
released on SENS on 11 December 2015.

Name of director:                                Marc Wainer
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            392 486
Weighted average price per security:*            R9.8998
Total value of transaction:                      R3 885 532.90
Nature of transaction:                           On-market purchase in terms of the Matching Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            306 156
Weighted average price per security:*            R9.8998
Total value of transaction:                      R3 030 883.17
Nature of transaction:                           On-market purchase in terms of the Matching Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            201 948
Weighted average price per security:*            R9.8998
Total value of transaction:                      R1 999 244.81
Nature of transaction:                           On-market purchase in terms of the Matching Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes
* Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on
the day: R9.62.

Shareholders are also advised of the following dealings in securities following the matching of
qualifying shares under the Matching Scheme disclosed above:

Name of director:                                Marc Wainer
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            392 486
Weighted average price per security:*            R9.8998
Total value of transaction:                      R3 885 532.90
Nature of transaction:                           On-market sale
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            142 362
Weighted average price per security:*            R9.8998
Total value of transaction:                      R1 409 355.33
Nature of transaction:                           On-market sale
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            93 905
Weighted average price per security:*            R9.8998
Total value of transaction:                      R929 640.72
Nature of transaction:                           On-market sale
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes
* Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on
the day: R9.62.

Shareholders are also advised of the following dealings in securities in relation to the purchase of
shares under the Matching Scheme:

Name of director:                                Andrew Konig
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            140 923
Weighted average price per security:*            R9.7978
Total value of transaction:                      R1 380 735.37
Nature of transaction:                           Off-market transfer of shares into the Matching Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Leon Kok
Transaction date:                                7 December 2018
Class of securities:                             Ordinary shares
Number of securities:                            113 362
Weighted average price per security:*            R9.7978
Total value of transaction:                      R1 110 698.20
Nature of transaction:                           Off-market transfer of shares into the Matching Scheme
Nature and extent of director's interest:        Direct beneficial
Clearance to deal received:                      Yes
* Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on
the day: R9.62.

12 December 2018


Sponsor
Java Capital

Date: 12/12/2018 05:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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