| Thu 16 Sep 2004, 8:59 | | REDEFINE INCOME FUND LIMITED - ODD-LOT OFFER - OFF |
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REDEFINE INCOME FUND LIMITED - ODD-LOT OFFER - OFFER PRICES AND SALIENT DATES
AND TIMES ANNOUNCEMENT
Redefine Income Fund Limited
(Registration No. 1999/018591/06)
Share code: RDF ISIN code: ZAE000023503
(Redefine or the company)
ODD-LOT OFFER - OFFER PRICES AND SALIENT DATES AND TIMES ANNOUNCEMENT
Introduction
Unitholders are referred to the announcement on 17 August 2004 in which it was
announced that the board of directors of Redefine has resolved to implement an
odd-lot offer (the odd-lot offer) subject to the terms and conditions in that
announcement.
Offer price
The offer prices in respect of the odd-lot offer comprise:
- the purchase offer price of 285.5 cents, being the price at which the linked
units will be purchased by a Redefine linked unitholder. The five day traded
volume weighted average price of a Redefine linked unit immediately prior to
today was utilised to calculate the purchase offer price; and
-the sale offer price of 314.0 cents, being the price at which the linked units
will be sold by a Redefine linked unitholder. A 10% premium to the five day
traded volume weighted average price of a Redefine linked unit immediately prior
to today was utilised to calculate the sale offer price.
Salient dates and times
The circular to linked unitholders containing, inter alia, full details of the
odd-lot offer, notices of general meetings, forms of proxy, forms of election
and forms of surrender, was posted to linked unitholders today.
The salient dates and times with respect to the odd-lot offer are as follows:
2004
Posting of circular on Thursday, 16 September
Election period for the odd-lot offer
opens on Thursday, 16 September
Offer prices finalised and announced
on SENS at commencement of business on Thursday, 16 September
Offer prices published in the press on Friday, 17 September
Forms of proxy for the shareholder
general meeting to be received by
the transfer secretaries by 11:00 on Thursday, 7 October
Forms of proxy for the debentureholder
general meeting to be received by the
transfer secretaries by 11:30 on Thursday, 7 October
Shareholder general meeting to be
held at 11:00 on Monday, 11 October
Debentureholder general meeting
to be held at 11:30 on Monday, 11 October
Results of general meetings and
finalisation announcement released
on SENS on Monday, 11 October
Results of general meetings and
finalisation announcement published
in the press on Tuesday, 12 October
Last day to trade in Redefine linked
units and be eligible to participate
in the odd-lot offer Friday, 22 October
Linked units trade ex the odd-lot
offer on Monday, 25 October
Record date to determine those
linked unitholders entitled to
participate in the odd-lot offer,
at the close of business on Friday, 29 October
Election period for the odd-lot offer
closes at 12:00 on Friday, 29 October
Forms of election and surrender for
the odd-lot offer (together with
relevant documents of title/cheque/
bankers draft, as applicable) in
respect of certificated linked
unitholders to be received by the
transfer secretaries by 12:00 on Friday, 29 October
New linked unit certificates and
cheques in respect of certificated
linked unitholders posted against
surrender of existing documents of
title from Monday, 1 November
Dematerialised linked unitholders
will have their safe custody accounts
held at their CSDP or broker updated
with their new linked unitholding
and debited/credited with the cash
amount, as the case may be, in respect
of the odd-lot offer on Monday, 1 November
Implementation of the odd-lot offer
takes effect at the commencement of
business on Monday, 1 November
Results of the odd-lot offer released
on SENS on Monday, 1 November
Results of the odd-lot offer published
in the press on Tuesday, 2 November
Notes:
1. The abovementioned dates and times are subject to change. Any such change
will be released on SENS and published in the press.
2. Dematerialised linked unitholders are required to notify their duly appointed
CSDP or broker of their acceptance of the odd-lot offer in the manner and time
stipulated in the agreement governing the relationship between the linked
unitholder and the CSDP or broker.
3. Linked unitholders may not dematerialise or rematerialise their linked units
between Monday, 25 October 2004 and Friday, 29 October 2004, both days
inclusive.
Rosebank
16 September 2004
Legal and corporate advisor
Java Capital
Sponsor
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