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REDEFINE PROPERTIES LIMITED - Clarification on distribution guidance provided in summarised audited group results for year ended 31 August 2019

Release Date: 06/11/2019 15:10
Wrap Text
Clarification on distribution guidance provided in summarised audited group results for year ended 31 August 2019

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
Debt company code: BIRDF
(Approved as a REIT by the JSE)
(“Redefine” or “the Company”)


CLARIFICATION ON DISTRIBUTION GUIDANCE PROVIDED IN THE SUMMARISED AUDITED GROUP RESULTS FOR THE YEAR 
ENDED 31 AUGUST 2109


With reference to the summarised audited group results for the year ended 31 August 2019 released
on 4 November 2019, Redefine would like to clarify that distributable income per share for the six
months ended 31 August 2019 amounted to 51.81 cents, an increase of 4.0% on the previous
comparable period, bringing the 2019 distributable income per share to 101.00 cents, in line with
market guidance provided for 2019. Following the introduction of the dividend pay-out ratio policy,
the dividend per share for the year ended 31 August 2019 amounted to 97.32 cents per share.

Redefine anticipates that the 2020 distributable income per share will be in line with that of 2019.
The dividend pay-out ratio that was applied to distributable income for the six months ended
31 August 2019, will be applied at a similar level to distributable income for the full financial year
ending 31 August 2020.

6 November 2019


Sponsor
Java Capital

Date: 06/11/2019 03:10:00
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