1st Jul 2014 15:00
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
In accordance with 3.1.2R of the Disclosure and Transparency Rules of the UKLA, the Company has today been notified that following an accelerated book build process undertaken today by the Redefine Properties Limited group ("RDF") in Johannesburg, South Africa, RDF has disposed of 40.5 million ordinary shares in the Company at a price of R9.40 (52p) per share (the "Transaction").
Following the Transaction RDF holds 389,525,638 Redefine International ordinary shares, reducing its group shareholding in the Company from 33.18% to 30.05%.
Marc Wainer, a director of RDF who also represents RDF on the Board of Redefine International, informed the Company that this sale was a one-off event for internal capital management purposes and that RDF has no current intention to reduce its group holding in the Company to below 30%.
Mike Watters, CEO of Redefine International, comments,
"RDF's involvement and support has been of great value to the Company and we continue to recognise its significant and ongoing contribution as our major shareholder."
For further information:
Redefine International P.L.C. |
|
Michael Watters, Stephen Oakenfull | Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser |
|
Stephanie Highett, Dido Laurimore FTI Consulting SA SA Public Relations Adviser Max Gebhardt | Tel: +44 (0) 20 3727 1000
Tel: + 27 (0) 11 2142 400 |
JSE Sponsor Java Capital |
Tel: + 27 (0) 11 283 0042
|
Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.
Related Shares:
RDI.L