GROWTHPOINT PROPERTIES LIMITED - Update regarding Growthpoint's interim dividend in respect of the six months ended 31 December 2018

Release Date: 25/03/2019 07:05
Code(s): GRT
 
Wrap Text
Update regarding Growthpoint's interim dividend in respect of the six months ended 31 December 2018

Growthpoint Properties Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
Registration number 1987/004988/06
ISIN: ZAE000179420
JSE Share code: GRT
("Growthpoint” or “the Company”)


UPDATE REGARDING GROWTHPOINT’S INTERIM DIVIDEND IN RESPECT OF
THE SIX MONTHS ENDED 31 DECEMBER 2018

In its financial results for the six months ended 31 December 2018, announced on
Wednesday, 13 March 2019, (“results announcement”), Growthpoint advised its
shareholders that the Board had agreed to offer shareholders a dividend re-investment
alternative in terms of which a shareholder would be entitled to elect to reinvest all or part of
the Interim Dividend of 105.80 cents per share (“Interim Dividend”) declared for the six
months ended 31 December 2018, in new Growthpoint shares, subject to the right to withdraw
that reinvestment alternative.

Shareholders are now advised that, based on current market conditions and pricing of
Growthpoint’s shares, a sub-committee of the Board appointed for this purpose has decided
not to continue with offering the election for shareholders to re-invest the Interim Dividend in
new Growthpoint shares. Accordingly, shareholders are advised that they will receive their
Interim Dividend in full, in cash.

The salient dates in respect of the payment of the Interim Dividend remain unchanged from
those set out in the results announcement.


Sandton

25 March 2019

Sponsor: Investec Bank Limited

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