25 Sep 2015 10:30
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
Extraordinary General Meeting Voting Results
With reference to the circular published by the Company on 7 September 2015 in relation to the proposed acquisition of the AUK Portfolio through its wholly-owned subsidiary, Redefine AUK (the "Circular"), Redefine International is pleased to announce that each of the Resolutions proposed at the Extraordinary General Meeting held earlier today, were duly passed without amendment by the required majority on a vote conducted by way of a poll.
Further details of the Resolutions can be found in the Circular.
The results are as set out in the table below:-
Resolution | For* | %** | Against | %** | Withheld*** | |
1. | To approve the class 1 Acquisition | 969,375,194 | 99.98 | 182,994 | 0.02 | 5,098,433 |
2. | To approve the Related Party Transactions | 526,002,013 | 99.97 | 180,994 | 0.03 | 5,102,433 |
3. | To approve the potential class 1 Disposal | 526,004,013 | 99.97 | 180,994 | 0.03 | 5,100,433 |
The Company's total issued share capital as at 25 September 2015 is 1,474,331,331 ordinary shares of 8 pence each.
Only independent shareholders voted on Resolutions 2 and 3
*Votes in favour include the discretionary votes
**Percentages are of votes cast
***A vote withheld is not a vote in law and is not counted in the calculation of the proportion of the votes for and against the resolution.
The Acquisition of the AUK Portfolio was conditional upon shareholder approval and will now proceed as detailed in the Circular, with the timing for the expected completion of the two tranches being as follows:
· Tranche 1, comprising nine properties is expected to complete on or around 2 October 2015; and
· Tranche 2, comprising 10 properties is expected to complete on or around 1 March 2016.
This announcement should be read in conjunction with the full text of the Circular published on 7 September 2015, which is available on the Company's website at www.redefineinternational.com. Defined terms used in the Circular shall have the same meanings when used in this announcement unless the context otherwise requires.
In accordance with LR 9.6.2 R of the Listing Rules of the UKLA, copies of all resolutions passed by the Company have been submitted to the UK's National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM and can also be viewed on the Company's website, www.redefineinternational.com.
For further information:
Redefine International P.L.C. |
|
Michael Watters, Stephen Oakenfull | Tel: +44 (0) 20 7811 0100 |
Peel Hunt LLP | |
Sponsor, financial adviser and joint UK broker | |
Capel Irwin, Hugh Preston | Tel: +44 (0) 20 7418 8900 |
JP Morgan Cazenove | |
Joint UK broker | |
Bronson Albery, Tara Morrison | Tel: +44 (0) 20 7742 4000 |
FTI Consulting UK Public Relations Adviser | |
Dido Laurimore, Claire Turvey, Ellie Sweeney | Tel: +44 (0) 20 3727 1000 |
FTI Consulting SA Public Relations Adviser |
|
Max Gebhardt | Tel: + 27 (0) 11 214 2402 |
JSE Sponsor Java Capital
| Tel: + 27 (0) 11 283722 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 invests in large, well developed economies with established and transparent real estate markets. Within these markets, Redefine International's £1 billion investment portfolio provides diversified exposure to the commercial, industrial, retail and hotel sectors.
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