*REDEFINE PROPERTIES LIMITED - Dealing in securiti
RDF: REDEFINE PROPERTIES LIMITED - Dealing in securities by an associate of a director of the company
RDF: REDEFINE PROPERTIES LIMITED - Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director 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" or the "company)
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY
Shareholders are referred to the announcement released on SENS on 7 September 2015 wherein shareholders were
advised that Clearwater Property Holdings No 4 (Pty) Ltd ("Clearwater"), an associate of Harish Mehta (by virtue of
his indirect holding in Clearwater), a director of the company, had entered into a zero-cost collar hedge (the "collar"),
in respect of in aggregate 8 599 650 Redefine shares, having a short put strike price of R10.4514, a long put strike
price of R11.6127 and a call strike price of R12.4953, which collar would settle on 2 September 2016 (the "settlement
date"). As the price of Redefine shares at the settlement date was lower than the long put strike price of R11.6127,
and higher than the short put strike price of R10.4514, the long put was settled off-market by way of a cash payment
to Clearwater of R1 566 843.93, with no change in Clearwater´s shareholding in Redefine.
8 September 2016
Sponsor
Java Capital
Date: 08/09/2016 05:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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2016-09-08 17:46:00 Source: JSE News Service (SENS)
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