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SENS announcement

Dealings in securities by an associate of a director of the company

Published: 05 Apr 2018
Dealings in securities by an associate of a director of the company
Dealings in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are referred to the announcement released on SENS on 31 March 2017 wherein shareholders were
advised that Clearwater Capital (Holdings) (Pty) Ltd ("Clearwater"), an associate of Harish Mehta (by virtue of
the fact that Manton No. 1 Proprietary Limited, which is wholly owned by The HKM Family Trust (of which
Harish Mehta is a trustee and beneficiary), is a shareholder of Clearwater, and that Harish Mehta is the sole
director of Clearwater Capital (Pty) Ltd (the sole shareholder of which is the HKM Family Trust No 2 (of which
Harish Mehta is a trustee and beneficiary), and which is also a shareholder of Clearwater), a director of the
company, had entered into a zero-cost collar hedge (the "collar") in respect of in aggregate 6 100 000 Redefine
shares, having a short put strike price of R10.4400, a long put strike price of R11.6000 and a call strike price of
R12.1220, which collar would settle on 29 March 2018 (the "settlement date"). As the price of Redefine shares
at the settlement date was lower than the long put strike price of R11.6000, and higher than the short put strike
price of R10.4400, the long put was settled off-market by way of a cash payment to Clearwater of R100 040.00,
with no change in Clearwater´s shareholding in Redefine.

5 April 2018


Sponsor
Java Capital

Date: 05/04/2018 01:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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