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REDEFINE PROPERTIES LIMITED - Results of dividend re-investment alternative

Release Date: 28/05/2018 14:37
Code(s): RDF     PDF:  
Wrap Text
Results of dividend re-investment alternative

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)
("Redefine" or the "company")

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO 
ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT (AS DEFINED BELOW)). THE DISTRIBUTION OF THIS 
ANNOUNCEMENT MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS AND PERSONS INTO WHOSE POSSESSION ANY DOCUMENT OR OTHER 
INFORMATION REFERRED TO HEREIN COMES, SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTION. ANY FAILURE TO 
COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.


RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE


Shareholders are referred to the declaration of a cash dividend of 47.30 cents per share (the "cash dividend") with an
election to reinvest the cash dividend in return for Redefine shares (the "share reinvestment alternative"),
announced on SENS on 7 May 2018 (the "declaration announcement") for the six months ended 28 February 2018
and the announcement of the reinvestment price per new share (being R11.00 per share) applicable to Redefine
shareholders electing the share alternative, released on SENS on 15 May 2018.

Shareholders holding 1 023 376 997 Redefine shares or 19.07% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 42 701 378 new Redefine
shares, retaining R469 736 270.68 (based on the issue price of R11.00 per new share after accounting for the
applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Redefine. Accordingly,
a total cash dividend of R2 054 807 195.53 is payable today in respect of 4 344 201 259 Redefine shares.

Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have
provided their bank details to Redefine's transfer secretaries will have their bank accounts credited on Monday,
28 May 2018. Share certificates in respect of certificated shareholders who did elect the share alternative in respect of
some or all of their shares will be posted on Wednesday, 30 May 2018 to certificated shareholders at their risk. The
Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect
the share alternative in respect of some or all of their shares will be credited with the cash dividend on on Monday,
28 May 2018 and the Central Securities Depository Participants or broker custody accounts of dematerialised
shareholders who did elect the share alternative in respect of some or all of their shares will be credited on
Wednesday, 30 May 2018 with their new Redefine shares.

Disclaimer

This announcement does not constitute or form part of an offer to sell securities, or the solicitation of any offer to buy
or subscribe for any securities, to or from any person in the United States (or to, or for the account or benefit of, any
such person or any U.S. person) or in any other jurisdiction in which, or to or from any other person to or from whom,
such offer or solicitation is unlawful. The securities referred to in this announcement have not been and will not be
registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold
in the United States or to, or for the account or benefit of, U.S. persons absent registration with the United States
Securities and Exchange Commission or an exemption from registration. There will be no public offer of the securities
in the United States.

28 May 2018


Corporate advisor and sponsor
Java Capital

Date: 28/05/2018 02:37:00 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.

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