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Dealings in securities by directors and by prescribed officers 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)
(“Redefine” or “the company”)
DEALINGS IN SECURITIES BY DIRECTORS AND BY PRESCRIBED OFFICERS OF THE COMPANY
Shareholders are hereby advised of the following dealings in securities in relation to the vesting of the
deferred award of shares, made pursuant to the provisions of the Redefine Short-Term Incentive Scheme
(“the STI Scheme”), whereby a portion of the 2016 and 2018 short-term incentives payable under the STI
Scheme were settled by the grant of restricted shares under the Restricted Share Scheme as disclosed in
the announcements released on SENS on 19 December 2016 and 12 December 2018. The STI Scheme
purchased 842 457 shares on-market at a weighted average price of R7.8053 per share for a total value of
R6 575 629.62 in order to settle the following awards on 10 December 2019*:
Name of director: Andrew König
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 265 602
Total value of transaction: R2 073 103 .29
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
Name of director: Leon Kok
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 209 235
Total value of transaction: R1 633 141.95
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
Name of prescribed officer: David Rice
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 234 148
Total value of transaction: R1 827 595.38
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
Name of prescribed officer: Mike Ruttell
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 133 473
Total value of transaction: R1 041 796.81
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
* Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on
the day: R7.79.
Shareholders are hereby advised of the following dealings in securities following the vesting of the restricted
shares under the Restricted Share Scheme as disclosed above:
Name of director: Andrew König
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 123 504
Weighted average price per security:* R7.8053
Total value of transaction: R963 985.77
Nature of transaction: On-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Leon Kok
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 97 293
Weighted average price per security:* R7.8053
Total value of transaction: R759 401.05
Nature of transaction: On-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of prescribed officer: David Rice
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 234 148
Weighted average price per security:* R7.8053
Total value of transaction: R1 827 595.38
Nature of transaction: On-market sale
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Yes
Name of prescribed officer: Mike Ruttell
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 62 064
Weighted average price per security:* R7.8053
Total value of transaction: R484 428.14
Nature of transaction: On-market sale
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Yes
* Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on
the day: R7.79.
Shareholders are further advised of the following dealings in relation to the vesting of the 2016 award of
restricted shares under the Restricted Share Scheme of the Redefine Executive Incentive Scheme
disclosed in the announcement released on SENS on 19 December 2016. The Restricted Share Scheme
purchased 1 026 475 shares on-market at a weighted average price of R7.8053 per share for a total value
of R8 011 945.32 in order to settle the following awards on 10 December 2019*:
Name of director: Andrew König
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 359 525
Total value of transaction: R2 806 200.48
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
Name of director: Leon Kok
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 246 065
Total value of transaction: R1 920 611.14
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
Name of prescribed officer: David Rice
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 260 885
Total value of transaction: R2 036 285.69
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
Name of prescribed officer: Mike Ruttell
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 160 000
Total value of transaction: R1 248 848.00
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
* Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on
the day: R7.79.
Shareholders are further advised of the following dealings in securities following the vesting of the 2016
award of restricted shares under the Restricted Share Scheme disclosed above:
Name of director: Andrew König
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 167 179
Weighted average price per security:* R7.8053
Total value of transaction: R1 304 882.25
Nature of transaction: On-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Leon Kok
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 114 420
Weighted average price per security:* R 7.8053
Total value of transaction: R893 082.43
Nature of transaction: On-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of prescribed officer: David Rice
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 260 885
Weighted average price per security:* R7.8053
Total value of transaction: R2 036 285.69
Nature of transaction: On-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of prescribed officer: Mike Ruttell
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 74 400
Weighted average price per security:* R7.8053
Total value of transaction: R580 714.32
Nature of transaction: On-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
* Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on
the day: R7.79.
Shareholders are further advised of the following information relating to the grant and acceptance of
shares offered under the Restricted Share Scheme in accordance with the following conditions:
- upon the acceptance of the award of restricted shares under the Restricted Share Scheme, vesting
will occur on 30 November 2022; and
- 100% of the award is subject to performance conditions relating to absolute total return, relative total
return measured against the variable pay comparator group, ESG goals and delivery on individual
KPIs linked to long-term stakeholder goals.
Name of director: Andrew König
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 333 975
Price per security: Rnil
Total value of transaction: R2 721 896.25, being the total deemed value calculated
using the volume weighted average price for the 5 days prior
to the award date, ex dividend, of R8.15 per share (“the 5
day vwap”) as at 30 November 2019
Nature of transaction: Off-market acceptance of the restricted shares offered in
terms of the Restricted Share Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Leon Kok
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 288 750
Price per security: Rnil
Total value of transaction: R2 353 312.50, being the total deemed value calculated
using the volume weighted average price for the 5 days prior
to the award date, ex dividend, of R8.15 per share (“the 5
day vwap”) as at 30 November 2019
Nature of transaction: Off-market acceptance of the restricted shares offered in
terms of the Restricted Share Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of prescribed officer: Mike Ruttell
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 162 211
Price per security: Rnil
Total value of transaction: R1 322 019.65, being the total deemed value calculated
using the volume weighted average price for the 5 days prior
to the award date, ex dividend, of R8.15 per share (“the 5
day vwap”) as at 30 November 2019
Nature of transaction: Off-market acceptance of the restricted shares offered in
terms of the Restricted Share Scheme
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Yes
Shareholders are also advised of the following dealings in securities in relation to the matching of qualifying
shares held for 3 years under the Matching Scheme of the Redefine Executive Incentive Scheme (“the
Matching Scheme”) at a maximum multiple of 3, disclosed in the announcement released on SENS on
11 December 2016.
Name of director: Andrew König
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 411 595
Weighted average price per security:* R7.8053
Total value of transaction: R3 212 622.45
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Leon Kok
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 291 259
Weighted average price per security:* R 7.8053
Total value of transaction: R2 273 363.87
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of prescribed officer: David Rice
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 358 242
Weighted average price per security:* R7.8053
Total value of transaction: R2 796 186.28
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Yes
Name of prescribed officer: Mike Ruttell
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 31 701
Weighted average price per security:* R7.8053
Total value of transaction: R247 435.82
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Yes
* Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on
the day: R7.79.
Shareholders are also advised of the following dealings in securities following the matching of qualifying
shares under the Matching Scheme disclosed above:
Name of director: Andrew König
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 191 391
Weighted average price per security:* R7.8053
Total value of transaction: R1 493 864.17
Nature of transaction: On-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Leon Kok
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 135 435
Weighted average price per security:* R7.8053
Total value of transaction: R1 057 110.81
Nature of transaction: On-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of prescribed officer: David Rice
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 358 242
Weighted average price per security:* R7.8053
Total value of transaction: R2 796 186.28
Nature of transaction: On-market sale
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Yes
Name of prescribed officer: Mike Ruttell
Transaction date: 10 December 2019
Class of securities: Ordinary shares
Number of securities: 14 740
Weighted average price per security:* R7.8053
Total value of transaction: R115 050.12
Nature of transaction: On-market sale
Nature and extent of prescribed officer’s Direct beneficial
interest:
Clearance to deal received: Yes
* Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on
the day: R7.79.
17 December 2019
Sponsor
Java Capital
Date: 18-12-2019 07:05:00
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