| Fri 28 Nov 2014, 11:00 | | REDEFINE PROPERTIES LIMITED - Dealings in securities by directors of the company |
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RDF 201411280014A
Dealings in securities by directors of the company
REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
(“Redefine”)
DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY
Shareholders are advised of the following information relating to the grant and acceptance of shares offered under The
Redefine Long-term Incentive Scheme: Restricted Unit Scheme (“the scheme”) in accordance with the following
conditions:
- upon acceptance of the award of restricted shares under the scheme (“the restricted shares”), vesting will occur on 30
November 2017; and
- 60% of each tranche is subject to certain performance conditions relating to growth in distributions per share in relation
to peer companies, performance relative to approved budget and achievement of strategic objectives.
Name of director: Marc Wainer
Transaction date: 26 November 2014
Class of securities: Shares
Number of securities: 300 000
Price per security: Rnil
Total value of transaction: R2 976 000, being the total deemed value
calculated using the closing price of Redefine
shares on 27 November 2014 of R9.92
Nature of transaction: Off-market acceptance of the restricted shares
offered in terms of the scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Andrew Konig
Transaction date: 26 November 2014
Class of securities: Shares
Number of securities: 225 000
Price per security: Rnil
Total value of transaction: R2 232 000, being the total deemed value
calculated using the closing price of Redefine
shares on 27 November 2014 of R9.92
Nature of transaction: Off-market acceptance of the restricted shares
offered in terms of the scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: David Rice
Transaction date: 26 November 2014
Class of securities: Shares
Number of securities: 225 000
Price per security: Rnil
Total value of transaction: R2 232 000, being the total deemed value
calculated using the closing price of Redefine
shares on 27 November 2014 of R9.92
Nature of transaction: Off-market acceptance of the restricted shares
offered in terms of the scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Shareholders are further advised of the following information relating to the grant and acceptance of shares offered under
the scheme in accordance with the following conditions:
- upon acceptance of the award of restricted shares under the scheme, vesting will occur in 4 equal tranches from the date
of award to 30 November 2014, 30 November 2015, 30 November 2016 and 30 November 2017; and
- save for the first tranche vesting on 30 November 2014, 60% of each tranche is subject to certain performance
conditions relating to growth in distributions per share in relation to peer companies, performance relative to approved
budget and achievement of strategic objectives.
Name of director: Mike Ruttell
Transaction date: 26 November 2014
Class of securities: Shares
Number of securities: 600 000
Price per security: Rnil
Total value of transaction: R5 952 000, being the total deemed value
calculated using the closing price of Redefine
shares on 27 November 2014 of R9.92
Nature of transaction: Off-market acceptance of the restricted shares
offered in terms of the scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Leon Kok
Transaction date: 26 November 2014
Class of securities: Shares
Number of securities: 640 000
Price per security: Rnil
Total value of transaction: R6 348 800, being the total deemed value
calculated using the closing price of Redefine
shares on 27 November 2014 of R9.92
Nature of transaction: Off-market acceptance of the restricted shares
offered in terms of the scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
28 November 2014
Sponsor
Java Capital
Date: 28/11/2014 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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