| Tue 31 Aug 2010, 15:56 | | RIN - Redefine Properties International Limited - Listing on the main board of |
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JSE
RIN
RIN - Redefine Properties International Limited - Listing on the main board of
The JSE Limited and results of the private placement
Redefine Properties International Limited
(formerly Kalpafon Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN Code: ZAE000149282
("Redefine International" or "the company")
LISTING ON THE MAIN BOARD OF THE JSE LIMITED AND RESULTS OF THE PRIVATE
PLACEMENT
Java Capital is authorised to announce the results of the private placement of
linked units in the company.
Pursuant to the private placement, the company successfully placed 168,069,337
Redefine International linked units ("private placement units") with qualifying
investors at an issue price of R5.6859 per linked unit (the Rand equivalent of
the 50 pence issue per private placement unit), for an aggregate amount of
R955.6 million. Based on the exchange rate below, the company received
applications for a pounds sterling equivalent of approximately GBP84 million.
The 50 pence issue price was converted to South African Rand from pounds
sterling at an exchange rate of R11.3718, being a rate as published by the South
African Reserve Bank on 30 August 2010.
The company received applications for 153% of the minimum subscription amount of
GBP55 million ("the minimum amount").
As applications in excess of the minimum amount were received, Redefine
Properties Limited ("Redefine") will not be required to subscribe for any
private placement units pursuant to its underwrite commitments. Post the private
placement Redefine will hold 57.9% of the Redefine International linked units in
issue.
Accordingly, 336,574,640 linked units in the company will be listed in the "Real
Estate - Real Estate Holdings and Development" sector of the Main Board of the
JSE Limited ("JSE") with effect from the commencement of trade on the JSE on
Tuesday, 7 September 2010. The linked units will trade under the abbreviated
name "RedefIntl" with the JSE code "RIN" and ISIN: ZAE000149282.
Successful applicants will be advised of their allocation of private placement
units by Friday, 3 September 2010.
The allocated private placement units will be transferred to successful
applicants on a `delivery-versus-payment` basis on the date of listing being
Tuesday, 7 September 2010.
Johannesburg
31 August 2010
Corporate advisor, legal advisor, sponsor and book runner
Java Capital
Date: 31/08/2010 15:56:04 Produced by the JSE SENS Department.
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