RIN - Redefine Properties International Limited - Results of the General Meeting
RIN
RIN
RIN - Redefine Properties International Limited - Results of the General Meeting
of RIN Linked Unitholders
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")
RESULTS OF THE GENERAL MEETING OF RIN LINKED UNITHOLDERS
A general meeting of RIN linked unitholders convened in terms of the notice of
general meeting contained in the RIN circular issued on 15 July 2011 and
regarding the proposed disposal by RIN of its entire shareholding in Redefine
International plc ("RI plc") in consideration for 7.2 shares in Wichford P.L.C.
("Wichford") for every one RI plc share held, pursuant to an offer by Wichford
("the offer") to acquire all RI plc shares held by RI plc shareholders,
including RIN("the merger"), was held today, Thursday, 18 August 2011.
The special and ordinary resolutions tabled at the general meeting were passed
unanimously by linked unitholders.
The South African Takeover Regulation Panel has issued the necessary clearance
certificate in accordance with the Companies Act of South Africa (Act 71 of
2008), as amended, and the Takeover Regulations thereto.
RIN will now notify Wichford of its acceptance of the offer.
Implementation of the offer and the resultant merger of Wichford and RI plc is
conditional on Wichford receiving acceptances from at least 90% of shareholders
of RI plc (of which RIN comprises 82%).
Accordingly, upon reaching the 90% acceptance level Wichford will release a
separate announcement regarding implementation of the offer and the merger.
RIN will simultaneously release an announcement to its linked unitholders
confirming the implementation of the merger.
18 August 2011
Sponsor to Redefine Properties International Limited
Java Capital
Date: 18/08/2011 16:30:01 Produced by the JSE SENS Department.
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