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REDEFINE PROPERTIES LIMITED - Dealings in securities by an associate of a director of the company

Release Date: 18/02/2019 16:30
Code(s): RDF     PDF:  
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Dealings in securities by an associate of a director of the company

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 AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are referred to the announcement released on SENS on 16 February 2018 wherein shareholders
were advised that Clearwater Capital (Holdings) (Pty) Ltd ("Clearwater"), an associate of a director of Redefine,
Harish Mehta, (by virtue of the fact that Manton No. 1 Proprietary Limited, which is wholly owned by The HKM
Family Trust (of which Harish Mehta is a trustee and beneficiary), is a shareholder of Clearwater and the fact that
Harish Mehta is the sole director of Clearwater Capital (Pty) Ltd (the sole shareholder of which is the HKM
Family Trust No 2, of which Harish Mehta is a trustee and beneficiary, and which is also a shareholder of
Clearwater), had entered into a zero-cost collar hedge (the "collar"), in respect of in aggregate 8 900 000 Redefine
shares, having a short put strike price of R10.13, a long put strike price of R11.25 and a call strike price of R11.67,
which collar would settle on 13 February 2019 (the "settlement date"). As the price of Redefine shares at the
settlement date was lower than the long put strike price of R11.25, and higher than the short put strike price of
R10.13, the collar was settled off-market by way of a cash payment to Clearwater of R8 058 950.00, with no
change in Clearwater’s shareholding in Redefine.

18 February 2019


Sponsor
Java Capital

Date: 18/02/2019 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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