| Fri 11 May 2012, 10:45 | | RIN - Redefine Properties International Limited - Issue of linked units |
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RIN
RIN
RIN - Redefine Properties International Limited - Issue of linked units
Redefine Properties International Limited
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN Code: ZAE000149282
("RIN" or "the company")
ISSUE OF LINKED UNITS
Linked unitholders are advised that the company has, pursuant to a vendor
consideration placing, raised a total of R49.5 million through the issue of
10,000,000 new linked units ("vendor consideration units") at an issue price
of R4.95 per linked unit, being a 10% discount to the 30 business day volume
weighted average traded price prior to the date that the vendor consideration
placing was approved by the directors of RIN.
The total proceeds were utilised by RIN to subscribe for 10,000,000 ordinary
shares in Redefine International P.L.C., its London Stock Exchange-listed
subsidiary as announced on SENS on 3 May 2012.
The vendor consideration units were issued and commenced trading on the JSE
with effect from today, 11 May 2012 and will rank pari passu with existing
RIN linked units in issue.
Following the issue and listing of the vendor consideration units, RIN`s
linked capital will consist of 415,507,157 linked units with voting rights.
11 May 2012
Sponsor
Java Capital
Date: 11/05/2012 10:45:05 Produced by the JSE SENS Department.
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