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)
DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY
Shareholders are referred to the announcement released on SENS on 31 January 2019 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 5 000 000 Redefine shares, having a short put
(knock-out) strike price of R8.08, a long put strike price of R10.10 and a call strike price of R11.11,
which collar would settle on 28 January 2020.
As the price of Redefine shares at the close of trade on 20 August 2019 was lower than the short put
knock-out price of R8.08 the collar expired without gain or loss with no change in Clearwater’s
shareholding in Redefine.
23 August 2019
Date: 23/08/2019 02:40:00
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