RIN - Redefine Properties International Limited - Issue of equity
RIN
RIN
RIN - Redefine Properties International Limited - Issue of equity
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" or "the company")
ISSUE OF EQUITY
Linked unitholders are referred to the announcement released on SENS on 7 April
2011 and in the press on 8 April 2011 whereby linked unitholders were advised
that the company had through its 82% held subsidiary Redefine International plc
("RI plc") concluded an agreement with Corovest Offshore Limited in terms of
which RI plc had agreed to acquire all the issued shares in St Georges Harrow
Limited for a purchase price of GBP25 million.
Linked unitholders were further advised that the company intended to fund the
purchase price of GBP25 million, through a combination of internal resources, a
capital raising by RI plc in the AIM market and the issue of RIN linked units on
the JSE in terms of a vendor consideration placement ("the vendor consideration
placement").
In regard to the vendor consideration placement, the company advises that the
company has today issued a total of 35 731 000 new linked units at R5.80 per
linked unit and subject to receiving approval from the South African Reserve
Bank, will subscribe for 35 7310 000 new RI plc shares at R5.80 per share
divided by the ZAR/GBP exchange rate on the day of the issue of the new RI plc
shares.
28 April 2011
Sponsor to Redefine Properties International Limited
Java Capital
Date: 28/04/2011 09:00:34 Produced by the JSE SENS Department.
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