Redefine International P.L.C., which has a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange has commenced trading as a UK-REIT on both bourses today.
Redefine International P.L.C., which is dual listed on the London and Johannesburg Stock Exchanges, announced that it intends converting to a UK-REIT and internalising its management function.
Redefine International today reported full year distributable income growth of 18% and a total shareholder return of 58,9% to shareholders for the year to 31 August 2013.
Redefine International PLC, which is listed on the London Stock Exchange, will also list and begin trading on the main board of the JSE when the bourse opens on Monday 28 October 2013.
The South African holding company of Redefine International PLC (RI PLC), Redefine Properties International Limited (RIN), today announced that its unitholders had endorsed the unbundling of RIN to inward list RI PLC on the JSE.
Redefine International sees the move as part of a broader strategy to address negative market perceptions and raise the company’s profile in the UK.
Redefine Properties International is to seek shareholder approval to unbundle RIN and inward list RI PLC on the JSE.
Showcasing the opportunity for South African investors to invest in a reliable Rand hedge, Redefine International (PLC) today announced it has acquired three prime retail properties in Germany.

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