GRT - Growthpoint Properties Limited - Announcement of distribution
GRT
GRT
GRT - Growthpoint Properties Limited - Announcement of distribution
reinvestment ratio and confirmation of finalisation information
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Linked unit code: GRT ISIN ZAE000037669
("Growthpoint")
ANNOUNCEMENT OF DISTRIBUTION REINVESTMENT RATIO AND CONFIRMATION OF
FINALISATION INFORMATION
Further to the announcement of the declaration of the cash distribution and
distribution reinvestment alternative included in Growthpoint`s annual
results ("Results Announcement") released on the Securities Exchange News
Service on Wednesday, 24 August 2011 and in the press on Thursday, 25 August
2011, the ratio applicable to Growthpoint linked unitholders electing the
distribution reinvestment alternative and recorded in the register on Friday,
16 September 2011, equates to 3.7697 Growthpoint linked units for every 100
Growthpoint linked units held ("Ratio").
The price of R17.80 on which the Ratio is based is a 2.6% discount to the 5
day volume weighted average price (ex the distribution for the half year
ended 30 June 2011 of 67.1 cents) as at the close of business on Thursday, 1
September 2011.
The price also equates to a cum price of R18.47 which is a discount of 2.5%
to the 5 day volume weighted average price of R18.94 and a discount of 3% to
the closing price of R19.05 on 1 September 2011.
Included in the R17.80 is an antecedent divestiture of 29 cents per linked
unit for the period 1 July 2011 to 19 September 2011 in respect of the 2011
interim distribution period 1 July 2011 to 31 December 2011.
The salient dates, timetable and all other information relating to the cash
distribution and distribution reinvestment alternative disclosed in the
Results Announcement remain unchanged.
2 September 2011
Sponsor and Investment Bank to Growthpoint
Investec Corporate Finance
Date: 02/09/2011 11:30:36 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
