GRT - Growthpoint Properties Limited - Announcement of distribution reinvestment
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 interim results
("Results Announcement") released on the Securities Exchange News Service on
Wednesday, 22 February 2012 and in the press on Thursday, 23 February 2012, the
ratio applicable to Growthpoint linked unitholders electing the distribution
reinvestment alternative and recorded in the register on Friday, 16 March 2012,
equates to 3.5685 Growthpoint linked units for every 100 Growthpoint linked
units held ("Ratio").
The price of R19.00 on which the Ratio is based is a 4.4% discount to the
5 day volume weighted average price (ex the distribution for the half year
ended 31 December 2011 of 67.8 cents) as at the close of business on Thursday,
1 March 2012.
The price also equates to a cum price of R19.68 which is a discount of 4% to
the 5 day volume weighted average price of R20.50 and a discount of 4.9% to the
closing price of R20.70 on 1 March 2012.
Included in the R19.00 is an antecedent divestiture of 29 cents per linked unit
for the period 1 January 2012 to 19 March 2012 in respect of the 2012 final
distribution period 1 January 2012 to 30 June 2012.
The salient dates, timetable and all other information relating to the cash
distribution and distribution reinvestment alternative disclosed in the Results
Announcement remain unchanged.
Sandton
2 March 2012
Sponsor and Investment Bank to Growthpoint
Investec Corporate Finance
Date: 02/03/2012 12:14:02 Produced by the JSE SENS Department.
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