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RDF RIN
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RIN - Redefine Properties International - Scrip Dividend in respect of the
proposed Final Dividend for the period ended 31 August 2010
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
("RIN")
Set out below is an announcement which was released by Redefine International
plc, the AIM-listed subsidiary of RIN on the Regulatory News Service ("RNS") of
the London Stock Exchange today.
As set out in the prospectus issued by RIN on 23 August 2010, RIN acquired the
shares in Redefine International plc ex the entitlement to the dividend in
respect of the 6 months ended 31 August 2010. Accordingly, RIN will not be
participating in the dividend set out in the announcement below.
"Redefine International plc
("the Company")
Scrip Dividend in respect of the proposed Final Dividend
for the period ended 31 August 2010
On 14 October 2010 the Board of Directors resolved to recommend a final dividend
for the period ended 31 August 2010 (the "Final Dividend"). The amount of the
Final Dividend was determined as 2.07 pence per Ordinary Share on the basis of
the Company`s Preliminary Results announced on 4 November 2010.
It is being proposed that, subject to approval of this Final Dividend at the
Extraordinary General Meeting on 24 November 2010, shareholders with Ordinary
Shares registered at close of business on 5 November 2010 will receive the whole
of their dividend entitlement in fully paid new Ordinary Shares of the Company
("Scrip Dividend"), or may elect for a cash alternative.
The Market Value for the issue of Ordinary Shares under the Scrip Dividend has
now been set at 55.6 pence for each Ordinary Share. The Market Value is
calculated as the average middle market quotation for the Ordinary Shares on the
London Stock Exchange as derived from the AIM Appendix to the Daily Official
List for the five trading days commencing on 3 November 2010 (the first day on
which the shares were quoted ex-dividend).
Copies of the Scrip Dividend Circular and Election Form can be found on the
Company`s website; www.redefineinternational.je"
For further information, please contact:
Redefine International plc +27 (0)21 683 3829
Gavin Tipper - Chairman
Nominated Adviser and Broker to Redefine +44 (0)203 205 7500
International plc
Singer Capital Markets
Jeff Keating
Redefine International Fund Managers Limited +1 (284) 494 9820
Miles Walton
11 November 2010
Sponsor to Redefine Properties International Limited
Java Capital
Date: 11/11/2010 12:00:01 Produced by the JSE SENS Department.
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