To view the PDF file, sign up for a MySharenet subscription.

GROWTHPOINT PROPERTIES LIMITED - Results of Dividend Re-Investment Alternative

Release Date: 07/10/2019 10:56
Code(s): GRT     PDF:  
Wrap Text
Results of Dividend Re-Investment Alternative

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


RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE


Shareholders are referred to the announcements released on the Stock Exchange News Service ("SENS") on
Wednesday, 11 September 2019 and Friday, 20 September 2019 relating to the declaration of the cash
dividend for the six-month period ended 30 June 2019 of 112.3 cents (“Cash Dividend”) per Growthpoint
share and the finalisation of the dividend re-investment alternative (“Share Alternative”), respectively.


Shareholders holding 1,008,118,485 Growthpoint shares or 33.93% of Growthpoint’s issued shares qualifying
to receive the dividend elected the Share Alternative, resulting in the issue of 51,515,094 new ordinary shares
of no par value and the retention of R1,121 million (based on the discounted issue price of R21.75 for the
new shares) of new equity for Growthpoint. Accordingly, a Cash Dividend of R2,204 million is payable today
in respect of 1,962,862,803 Growthpoint shares.


Dividend cheques in respect of certificated shareholders who elected to receive the Cash Dividend are being
posted today and share certificates in respect of certificated shareholders who elected the Share Alternative
will be posted on Wednesday, 9 October 2019 to such certificated shareholders at their risk. The Central
Securities Depository Participants (“CSDP”) or broker custody accounts in respect of dematerialised
shareholders who elected to receive the Cash Dividend will be credited today and the CSDP or broker custody
accounts in respect of dematerialised shareholders who elected the Share Alternative will be credited with
their new shares on Wednesday, 9 October 2019 in line with the settlement dates as indicated in the
aforementioned SENS announcements.


Sandton
7 October 2019



Corporate Advisor and Sponsor to Growthpoint
Investec Bank Limited

Date: 07/10/2019 10:56:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story