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GROWTHPOINT PROPERTIES LIMITED - Update regarding Growthpoints interim dividend in respect of the six months ended 31 December 2019

Release Date: 20/03/2020 15:01
Code(s): GRT     PDF:  
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Update regarding Growthpoint’s interim dividend in respect of the six months ended 31 December 2019

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”)


UPDATE REGARDING GROWTHPOINT’S INTERIM DIVIDEND IN RESPECT OF THE SIX MONTHS 
ENDED 31 DECEMBER 2019


In its financial results for the six months ended 31 December 2019, announced on Wednesday, 11 March 2020,
(“results announcement”), Growthpoint advised its shareholders that the Board had agreed to offer
shareholders a dividend re-investment alternative in terms of which a shareholder would be entitled to elect
to reinvest all or part of the Interim Dividend of 106.0 cents per share (“Interim Dividend”) declared for the
six months ended 31 December 2019, in new Growthpoint shares, subject to the right to withdraw that
reinvestment alternative.

Shareholders are now advised that, based on current market conditions and pricing of Growthpoint’s shares,
a sub-committee of the Board appointed for this purpose has decided not to continue with offering the
election for shareholders to re-invest the Interim Dividend in new Growthpoint shares. Accordingly,
shareholders are advised that they will receive their Interim Dividend in full, in cash.

The salient dates in respect of the payment of the Interim Dividend remain unchanged from those set out in
the results announcement.

Sandton
20 March 2020

Corporate Advisor and Sponsor to Growthpoint
Investec Bank Limited

Date: 20-03-2020 03:01:00
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