RDF - Redefine - Results of Redefine General Meetings In Relation To the
RDF
RDF
RDF - Redefine - Results of Redefine General Meetings In Relation To the
Acquisition of Apexhi Properties Limited ("APEXHI") and Madison Property Fund
Managers ("MADISON")
Redefine Income Fund Limited
Registration No. 1999/018591/06
Share Code: RDF
ISIN Code: ZAE000023503
("Redefine")
RESULTS OF REDEFINE GENERAL MEETINGS IN RELATION TO THE ACQUISITION OF APEXHI
PROPERTIES LIMITED ("APEXHI") AND MADISON PROPERTY FUND MANAGERS ("MADISON")
Unitholders are advised that, at the Redefine general meetings held on Thursday,
2 April 2009, all of the special and ordinary resolutions required to implement
the proposed acquisition by Redefine of:
- up to 100% of the ApexHi "A", "B" and "C" linked units (not already held by
Redefine and its subsidiaries); and
- 100% of the Madison linked units in issue,
(the "transaction") were passed by the requisite majorities of Redefine
shareholders and debenture holders.
Unitholders representing more than 68% of issued Redefine linked units were
present, either in person or by proxy, at the general meetings and all of the
resolutions were approved by 95% or more of unitholders present and voting.
The transaction remains conditional upon the requisite approvals (and/or in the
case of ApexHi, acceptances) from ApexHi and Madison unitholders as well as the
necessary regulatory approvals, including sanction of the ApexHi and Madison
schemes of arrangement by the High Court and approval from the Competition
authorities (as more fully detailed in the circular to Redefine unitholders
dated 11 March 2009).
Further announcements regarding the fulfilment of the conditions and the date on
which the transaction will be implemented will be released on SENS and published
in the press in due course.
2 April 2009
Corporate advisor, legal advisor and sponsor to Redefine
Java Capital (Proprietary) Limited
Date: 02/04/2009 16:53:07 Produced by the JSE SENS Department.
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