GRT - Growthpoint Properties Limited - Results of distribution re-investment
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 24 August 2011 and 2 September
2011 relating to the declaration and finalisation of the final cash
distribution of 67.1 cents ("Cash Distribution") per Growthpoint linked unit
and distribution re-investment alternative ("Linked Unit Alternative").
Linked unitholders holding 249 224 142 Growthpoint linked units or 14.7% of
Growthpoint linked units qualifying to receive the distribution elected to
receive the Linked Unit Alternative, resulting in the issue of 9 395 001 new
units, retaining R167.2 million (based on the discounted issue price of
R17.80 for the new linked units) in new equity for Growthpoint.
Accordingly, a Cash Distribution of R967.5 million is payable today in
respect of 1 441 907 985 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.
Sandton
19 September 2011
Financial adviser and sponsor to Growthpoint
Investec Corporate Finance
Date: 19/09/2011 12:32:48 Produced by the JSE SENS Department.
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