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

GROWTHPOINT PROPERTIES LIMITED - Results of Dividend Re-Investment Alternative

Release Date: 07/12/2020 16:15
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
Monday, 5 October 2020 and Tuesday, 24 November 2020 relating to the declaration of the cash dividend for
the twelve-month period ended 30 June 2020 of 40 cents (“Cash Dividend”) per Growthpoint share and the
finalisation of the dividend re-investment alternative (“Share Alternative”), respectively.


Shareholders holding 1,461,416,538 Growthpoint shares or 43.23% of Growthpoint’s issued shares qualifying
to receive the dividend elected the Share Alternative, resulting in the issue of 49,957,351 new ordinary shares
of no par value and the retention of R577.0 million (based on the discounted issue price of R11.55 for the
new shares) of new equity for Growthpoint. Accordingly, a Cash Dividend of R767.8 million is payable today
in respect of 1,919,413,177 Growthpoint shares.


Dividend payments in respect of certificated shareholders who elected to receive the Cash Dividend are being
processed today and share certificates in respect of certificated shareholders who elected the Share
Alternative will be posted on Wednesday, 9 December 2020 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 December 2020 in line with the settlement dates as
indicated in the aforementioned SENS announcements.


Sandton
7 December 2020


Corporate Advisor and Sponsor to Growthpoint
Investec Bank Limited

Date: 07-12-2020 04:15:00
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