GRT - Growthpoint Properties - Results of distribution re-investment alternative
GRT
GRT
GRT - Growthpoint Properties - Results of distribution re-investment alternative
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Linked unit code: GRT ISIN ZAE000037669
("Growthpoint")
RESULTS OF DISTRIBUTION RE-INVESTMENT ALTERNATIVE
Linked unitholders are referred to the announcements released on the Securities
Exchange News Service ("SENS") on 25 August 2010 and 3 September 2010 relating
to the declaration and finalisation of the final cash distribution of 62.1 cents
("Cash Distribution") per Growthpoint linked unit and distribution re-investment
alternative ("Linked Unit Alternative").
Linked unitholders holding 614 375 188 Growthpoint linked units or 39.7% of
Growthpoint linked units qualifying to receive the distribution elected to
receive the Linked Unit Alternative, resulting in the issue of 23 995 468 new
units, retaining approximately R381.5 million (based on the discounted issue
price of R15.90 for new the linked units) in new equity for Growthpoint.
Accordingly, a Cash Distribution of R578.5 million was paid in respect of 931
586 156 Growthpoint linked units. Distribution cheques are being posted to
linked unit certificates in respect of the new linked units were posted to
certificated linked unitholders at their risk and the Central Securities
Depository Participants or broker custody accounts of dematerialised linked
unitholders were credited today.
20 September 2010
Financial adviser and sponsor to Growthpoint
Investec Corporate Finance
Date: 20/09/2010 13:58:43 Produced by the JSE SENS Department.
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