Redefine International has announced that, following receipt of approval from the South African Reserve Bank, the Company has today posted a pre-listing statement to all the unit holders of its South African holding company, Redefine Properties International Limited, regarding the inward listing of Redefine International on the Johannesburg Stock Exchange.
RIN unit holders will also receive a circular containing a notice of a general meeting to be held on 18 October 2013 at the registered office of RIN, to approve the proposed unbundling by RIN of its sole asset, being a 61.8% holding in Redefine International following the inward listing of Redefine International on the JSE and to approve the proposed subsequent de-listing of RIN from the JSE and the winding up of RIN.
Should the transaction be approved Redefine International will secure a secondary listing on the JSE by way of introduction, following which Redefine International will hold a primary listing on the Main Market of the London Stock Exchange and a secondary listing on the “Real Estate – Real Estate Holding and Development” sector of the Main Board of the JSE.
The proposed listing date of Redefine International on the JSE is 28 October 2013.
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