Redefine International has successfully placed 168,1-million linked units (private placement units), amounting to £84-million, under the private placement. A maximum of 180-million private placement units at a price of 50-pence per unit were available under the private placement. The company received applications for 153% of the minimum subscription amount of £55-million . The private placement precedes the listing of Redefine International in the “Real Estate – Real Estate Holdings and Development” sector of the Main Board of the JSE on 7 September 2010.
...read moreRedefine Properties’ mandatory offer to Hyprop unitholders has closed and an additional 926 593 linked units (0.56%) were acquired by Redefine at the offer price of R50 per linked unit. The low acceptance was expected as the offer price was below the trading price of Hyprop’s units.
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