13 Nov 2015 15:45
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
CORRECTION: FINALISATION ANNOUNCEMENT IN RESPECT OF THE SECOND INTERIM DIVIDEND
FOR THE YEAR ENDED 31 AUGUST 2015
Redefine International shareholders are referred to the finalisation announcement in respect of the second interim dividend for the year ended 31 August 2015, released on 5 November 2015 (the "finalisation announcement"), and are advised that the tables set out in paragraph (ii)(b) and (ii)(c) thereof have been updated as follows:
(b) Share entitlement: Shareholders on the UK share register:
Non-PID element | PID element (Gross) | PID element (Net) | |
No. of shares required to be held for one new Redefine International share | 39.67045 | 158.68182 | 198.35227 |
(c) Share entitlement: Shareholders on the South African share register:
Non-PID element | PID element (Gross) | PID element (Net) | |
No. of shares required to be held for one new Redefine International share | 39.61390 | 158.45550 | 198.06924 |
By way of illustration of the above, the scrip dividend share calculation will be as follows for a shareholder who holds 100 shares:
Shareholders on the UK share register | Shareholders on the SA share register | |
Amount of non-PID dividend entitled to receive: | 132.0 pence | R28.14966 |
No. of shares entitled to receive for every 100 shares held: | ||
Calculation: | 132.0 pence/52.365 pence | R28.14966/R11.15118 |
No. of new shares: | 3 | 3 |
Amount of PID dividend entitled to receive: | 26.4 pence | R5.62994 |
No. of shares entitled to receive for every 100 shares held: | ||
Calculation: | 26.4 pence/52.365 pence | R5.62994/R11.15118 |
No. of new shares: | 1 | 1 |
The changes have no impact on the remainder of the finalisation announcement, nor on the circular to shareholders issued and declaration announcement released on 30 October 2015, the contents of which remain as previously published.
Shareholders who have already taken action to elect to receive the scrip dividend but would now prefer to receive cash in light of the above, should proceed as follows:
Shareholders on the UK share register
· Certificated shareholders should contact Capita Asset Services in writing at Capita Asset Services, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU; and
· Uncertificated shareholders should cancel their CREST Dividend Election Input Message election.
Shareholders on the SA share register
· Certificated shareholders should contact Computershare at +27 11 370 5000 or email corporate.events@computershare.co.za to cancel their election; and
· Dematerialised shareholders should contact their CSDP, broker or custodian to cancel their election.
Shareholders who wish to receive the scrip dividend, calculated as set out above, should:
· if they have already validly elected to receive the scrip dividend, take no action; or
· if they have not yet elected to receive the scrip dividend, follow the instructions set out in the circular dated 30 October 2015.
For further information:
Redefine International P.L.C. |
|
Donald Grant
| Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser | |
Dido Laurimore, Claire Turvey, Ellie Sweeney
FTI Consulting SA Public Relations Adviser Max Gebhardt
| Tel: +44 (0) 20 3727 1000
Tel: +27 (0) 11 214 2402 |
JSE Sponsor Java Capital
|
Tel: +27 (0) 11 722 3050
|
Notes to editors:
Redefine International (RDI) is a FTSE 250 income focused UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.
The Group's investment portfolio is diversified across the retail, commercial and hotel sectors in the UK and Germany with an aggregate value in excess of £1.3 billion.
Redefine International is focused on delivering sustainable and growing income to shareholders through investment in income yielding assets let to high quality occupiers on long leases. Capital values are enhanced and protected by asset management and other low capex development activities.
As a UK-REIT, the Group aims to distribute the majority of its earnings available for distribution on a semi-annual basis, providing investors with attractive income returns as well as exposure to capital growth opportunities.
www.redefineinternational.com