29 May 2015 07:00
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
RESULTS OF DIVIDEND ELECTION
On 29 April 2015 the Company declared an interim dividend of 1.6 pence per share in respect of the six months ended 28 February 2015 and offered shareholders an election to receive either a scrip dividend by way of an issue of new Redefine International shares credited as fully paid up (the "Scrip Dividend Shares"), or a cash dividend.
The Company is pleased to announce that election forms for 866,384,921 ordinary shares of 8 pence each in the Company ("Ordinary Shares") have been received, representing a 59.7 per cent take up by shareholders, for which 23,008,358 Scrip Dividend Shares are to be issued, being approximately 1.59 per cent of the current issued share capital of the Company ("ISC").
An application has been made for the Scrip Dividend Shares, which will rank pari passu in all respects with the Company's existing issued Ordinary Shares, to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority, to trading on the London Stock Exchange's Main Market for listed securities and to be listed on the JSE ("Admission"). It is expected that Admission will occur on 5 June 2015.
This announcement is being made ahead of the proposed schedule, prior to Admission.
Following Admission, the total number of voting rights will be 1,474,331,331. No Ordinary Shares are held in treasury. The figure of 1,474,331,331 Ordinary Shares may then be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules.
The following Directors and Connected Persons have informed the Company that they have elected to take up the Scrip Dividend Shares:
Party | Scrip Dividend Shares Allotted | % of ISC | New Shareholding | % of ISC |
Redefine Properties Ltd | 7,517,709 | 0.52% | 443,371,180 | 30.07% |
Bernard Nackan | 454 | 0.00% | 18,500 | 0.00% |
For further information:
Redefine International P.L.C. | |
Michael Watters, Stephen Oakenfull | 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 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