REDEFINE PROP INTERNATIONAL LTD - Cromwell Releases Year End Results
RIN 201208230025A
Cromwell Releases Year End Results
REDEFINE PROPERTIES INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN Code: ZAE000149282
(“RIN”)
CROMWELL RELEASES YEAR END RESULTS
Set out below is an announcement which was released by Redefine International P.L.C. (formerly Wichford
P.L.C.) (“Redefine International”), the London Stock Exchange listed subsidiary of RIN, on the Regulatory
News Service (“RNS”) of the London Stock Exchange today, 23 August 2012.
__________________________________________________________________________________________________________
REDEFINE INTERNATIONAL P.L.C.
(“Redefine International” or the “Company”)
Cromwell Releases Year End Results
Redefine International is pleased to announce that its associate company, the Cromwell Property Group
(“Cromwell”), has today released its results for the year ended 30 June 2012. Cromwell is an Australian
Property Trust listed on the Australian Stock Exchange in which the Company currently has a 23.08% interest
held through its wholly-owned subsidiary Redefine Australian Investments Limited.
Cromwell’s financial report and presentation can be found on its website:
http://www.cromwell.com.au/aboutcromwell/newsroom/.
The highlights for the year are set out below:-
CROMWELL OUTPERFORMS WITH FULL YEAR OPERATING EARNINGS
- Operating earnings up 23% to a record $80.01 million (7.5 cps)
- Statutory accounting net profit of $23.1 million (2.2 cps) impacted by interest rate swap re-valuations and
the HQ North and Bundall Corporate Centre acquisition costs
- Acquisitions totalling $249.5 million increased value of portfolio to $1.72 billion with NTA of $0.67 per
security
- Full year distributions of 7.0 cps
- Offer to acquire all the units in unlisted Cromwell Property Fund (CPF) subject to CPF unitholder
approval and other conditions
- Forecast FY13 operating earnings of minimum 7.5 cps and distributions of 7.25 cps
Further enquiries:
Redefine International Property Management Limited
Investment Adviser
Michael Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100
FTI Consulting
Public Relations Adviser
Stephanie Highett, Dido Laurimore Tel: +44 (0) 20 7831 3113
23 August 2012
Sponsor to Redefine Properties International Limited
Java Capital
Date: 23/08/2012 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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