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Today (28 October 2011) Redefine linked unitholders approved the unbundling of Arrowhead Properties Limited ("Arrowhead") units to Redefine linked unitholders.
Marc Wainer, CEO of Redefine, confirmed that a condition for Arrowhead listing its "A" and "B" linked units in the "Real Estate Holdings and Development" sector of the JSE, is that more than half (in value) of the owned properties sold by Redefine to Arrowhead must be registered into their name.
A further announcement setting out the date of the Arrowhead listing and distribution of Arrowhead linked units to Redefine linked unitholders (in the ratio of 3,15 Arrowhead units for every 100 Redefine linked units held) will be made once the condition has been fulfilled. <<Back to Press Releases
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