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Redefine Properties Ltd (RDFJ.J)

RDFJ.J on Johannesburg Stock Exchange

1,182.45ZAc
25 Apr 2018
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2.45 (+0.21%)
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Latest Key Developments (Source: Significant Developments)

Cromwell Property Group Says ARA Asset Management To Buy 19.5% Stake In Co
Wednesday, 7 Mar 2018 04:45pm EST 

March 8 (Reuters) - Cromwell Property Group ::RECEIVED CONFIRMATION THAT ARA ASSET MANAGEMENT TO BUY 19.5% STAKE IN CROMWELL FROM REDEFINE PROPERTIES​.  Full Article

Redefine Properties Announces ‍Disposal Of Cromwell Securities​
Wednesday, 7 Mar 2018 08:57am EST 

March 7 (Reuters) - Redefine Properties Ltd ::‍DISPOSAL OF CROMWELL SECURITIES​.‍CONCLUDED AN AGREEMENT TO DISPOSE OF 386.5 MILLION STAPLED SECURITIES IN CROMWELL PROPERTY GROUP FOR AN CONSIDERATION OF AUD 405.8 MILLION.‍TO DISPOSE OF STAPLED SECURITIES IN CROMWELL PROPERTY GROUP TO ARA REAL ESTATE INVESTORS XXI PTE LTD​.PROCEEDS WILL BE USED TO REDUCE REDEFINE'S LOCAL DEBT FACILITIES, REDUCING LOAN TO VALUE RATIO AND BOLSTERING LIQUIDITY.  Full Article

Redefine Properties Says •Krych Not Involved In Any Of Day-To-Day Activities Of EPP
Wednesday, 20 Dec 2017 08:28am EST 

Dec 20 (Reuters) - Echo Polska Properties Nv ::"WE ARE GIVEN TO UNDERSTAND THAT INVESTIGATION RELATES TO MR. KRYCH IN HIS PERSONAL CAPACITY AND NOT AS A NON-EXEC DIR OF EPP".KRYCH IS NOT INVOLVED IN ANY OF DAY-TO-DAY ACTIVITIES OF EPP.REDEFINE HAS REQUESTED EPP TO PROCURE MR. KRYCH'S RESIGNATION AS A NON-EXECUTIVE DIRECTOR OF EPP.  Full Article

Redefine Properties says FY ‍property asset platform expanded to 84.1 bln rand
Monday, 6 Nov 2017 12:30am EST 

Nov 6 (Reuters) - REDEFINE PROPERTIES LTD ::‍PROPERTY ASSET PLATFORM EXPANDED BY R11.4 BILLION TO R84.1 BILLION IN FY 2017​.‍DECLARED A DISTRIBUTION OF 47.18 CENTS PER SHARE (FY16: 44.30) FOR SIX MONTHS ENDED 31 AUGUST 2017​.‍OPERATING MARGIN IMPROVED TO 82.7% IN FY 2017​​."‍POLITICAL INSTABILITY, POLICY UNCERTAINTY, AN EVER INCREASING FISCAL DEFICIT AND A VOLATILE RAND WEIGH HEAVILY ON DOMESTIC OUTLOOK"​.ANTICIPATE GROWTH IN DISTRIBUTABLE INCOME PER SHARE FOR 2018 TO RANGE BETWEEN 5.0% TO 6.0%​.FY ‍TOTAL REVENUE OF 7.79 BILLION RAND VERSUS 6.65 BILLION RAND YEAR AGO.  Full Article

Redefine Properties appoints Bridgitte Mathews as deputy chairperson and lead independent director
Friday, 4 Aug 2017 11:11am EDT 

Aug 4 (Reuters) - REDEFINE PROPERTIES LTD ::APPOINTED BRIDGITTE MATHEWS AS DEPUTY CHAIRPERSON AND LEAD INDEPENDENT DIRECTOR OF BOARD WITH IMMEDIATE EFFECT.  Full Article

Redefine Properties posts HY pre-tax profit 3.74 billion rand
Monday, 8 May 2017 01:15am EDT 

May 8 (Reuters) - Redefine Properties Ltd ::HY profit before taxation R3.74 billion versus R937.6 million year ago.Declared distribution of 44,82 (HY2016: 41,70) cents per share for HY 2017.Property portfolio revenue for HY contributed 99.6% (HY2016: 98.7%) of total revenue.HY total revenue R3.58 billion versus R3.307 billion year ago.  Full Article

Pivotal says scheme conditions for Redefine deal fulfilled
Thursday, 22 Dec 2016 04:09am EST 

Pivotal Fund Ltd :All outstanding conditions precedent to redefine/pivotal deal scheme have now either been fulfilled or waived.  Full Article

Pivotal Fund says Setso Holdco buys unit
Thursday, 22 Dec 2016 04:08am EST 

Pivotal Fund Ltd : Setso Holdco has acquired 100% of issued share capital of Setso Property Fund Proprietary Limited, a subsidiary of Pivotal . Proceeds of 1.207 billion rand to Pivotal will be used to advance Pivotal loan and balance, being about 797 million rand, will be used to pay down existing debt facilities .Setso Holdco has secured capital of approximately 1.207 billion rand, which includes 410 million rand of long-term debt funding from Pivotal.  Full Article

S.A's Competition Tribunal amends Commission, AMSA settlement
Wednesday, 16 Nov 2016 12:32pm EST 

S.Africa's Competition Tribunal: Confirmed settlement agreement between Competition Commission and ArcelorMittal South Africa, but made 2 amendments . Removed clause allowing co to exceed EBIT margin cap of 10 pct upto max margin gap 15 pct if raw materials basket seen above $350 per ton for any 3 months . New clause inserted that co engagement in exchange with govt depts, subject always to compliance with the Competition Act . Co committed to 4.6 bln rand capex over next 5 years; Commission agreed settlement would cover all pending cases against co . Has approved, without conditions, the large merger whereby Redefine will acquire Pivotal . Merger between FPT Group, logistical services company Tradekor has been approved by the tribunal without conditions . Has approved the merger of Unitrans Automotive and Koos Nel Group Further company coverage: [ACLJ.J] [PIVJ.J][RDFJ.J] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Pivotal Fund says Redefine Properties LTd to acquire co via scheme
Tuesday, 30 Aug 2016 08:52am EDT 

Pivotal Fund Ltd : Firm intention by Redefine to make an offer to acquire all of issued ordinary shares of Pivotal . Redefine will acquire all of scheme shares in exchange for allotment and issue of 460 million redefine shares . Deal for assumed swap ratio of 1.38537 Redefine shares per scheme share . Pivotal will declare a distribution to scheme participants in an amount equal to market value of Pivotal's 31.2 million epp shares .Sees net asset value growth will be negatively impacted whilst current economic conditions remain difficult.  Full Article