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 22 February 2012 and 2 March
2012 relating to the declaration and finalisation of the final cash
distribution of 67.8 cents ("Cash Distribution") per Growthpoint linked unit
and distribution re-investment alternative ("Linked Unit Alternative").
Linked unitholders holding 1 168 963 857 Growthpoint linked units or 68.7% of
Growthpoint linked units qualifying to receive the distribution elected to
receive the Linked Unit Alternative, resulting in the issue of 41 714 477 new
units, retaining R792.6 million (based on the discounted issue price of
R19.00 for the new linked units) in new equity for Growthpoint. Accordingly,
a Cash Distribution of R361,0 million is payable today in respect of 532 402
584 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.
19 March 2012
Financial adviser and sponsor to Growthpoint
Investec Corporate Finance
Date: 19/03/2012 11:40:01 Produced by the JSE SENS Department.
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