GRT - Growthpoint Properties Limited - Results of distribution re-
GRT
GRT
GRT - Growthpoint Properties Limited - 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 23 February 2011 and 4 March
2011 relating to the declaration and finalisation of the final cash
distribution of 63.9 cents ("Cash Distribution") per Growthpoint linked
unit and distribution re-investment alternative ("Linked Unit
Alternative").
Linked unitholders holding 518,559,123 Growthpoint linked units or 33% of
Growthpoint linked units qualifying to receive the distribution elected to
receive the Linked Unit Alternative, resulting in the issue of 20,454,048
new units, retaining R331.4 million (based on the discounted issue price of
R16.20 for new the linked units) in new equity for Growthpoint.
Accordingly, a Cash Distribution of R671.9 million is payable today in
respect of 1,051,503,487 Growthpoint linked units. Distribution cheques in
respect of certificated unitholders who elected to receive the Cash
Distribution and unit certificates in respect of certificated unitholders
who elected the Linked Unit Alternative were posted today to certificated
linked unitholders at their risk. The Central Securities Depository
Participants or broker custody accounts of dematerialised linked
unitholders were credited today with their new linked units.
22 March 2011
Financial adviser and sponsor to Growthpoint
Investec Corporate Finance
Date: 22/03/2011 11:40:01 Produced by the JSE SENS Department.
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