RDF - Redefine Properties Limited - Results of mandatory
RDF
RDF
RDF - Redefine Properties Limited - Results of mandatory
offer to Unitholders of Hyprop investments Limited
("Hyprop")
Redefine Properties Limited
(formerly Redefine Income Fund Limited)
(Registration No. 1999/018591/06)
Share Code: RDF ISIN Code: ZAE000143178
("Redefine")
RESULTS OF MANDATORY OFFER TO UNITHOLDERS OF HYPROP
INVESTMENTS LIMITED ("HYPROP")
INTRODUCTION
Redefine unitholders are referred to the previous
announcements in relation to:
- the acquisition by Redefine of a further 19 686 558
Hyprop units from Coronation Asset Management (Pty) Ltd
at a price of R50 per Hyprop unit (the "acquisition");
and
- the mandatory offer (the "mandatory offer") to Hyprop
unitholders that was triggered as a result of the
increase in Redefine`s interest in Hyprop from 33.3% to
45.2% pursuant to the authorisation of the acquisition
by Redefine unitholders at the general meeting of
Redefine unitholders on 12 August 2010,
(collectively, the "transactions").
Unitholders are hereby informed that the mandatory
offer closed at 12:00 on Friday, 27 August 2010 and was
accepted by Hyprop unitholders holding 926 593 Hyprop
units. Accordingly, as a result of the transactions,
Redefine`s interest in Hyprop has increased from 55 323
970 Hyprop units (constituting 33.3% of Hyprop`s issued
unit capital) to 75 937 121 Hyprop units (constituting
45.7% of Hyprop`s issued unit capital).
30 August 2010
Corporate advisor, legal advisor and sponsor to Redefine
Java Capital (Proprietary) Limited
Date: 30/08/2010 15:15:16 Produced by the JSE SENS Department.
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