Investment Acquisition and Issue of Equity (4976A)
02 Fevereiro 2011 - 5:00AM
UK Regulatory
TIDMRDF
RNS Number : 4976A
Redefine International PLC
02 February 2011
Redefine International plc
("Redefine International" or "the Company")
Investment Acquisition and Issue of Equity
Redefine International, the AIM listed property investment and
development company, announces that it has acquired the remaining
19.54% of Kalihora Holdings Limited ("Kalihora") which it did not
already hold for a total purchase price of GBP1,007,169. The total
purchase price will be settled in a combination of cash and the
issue of ordinary shares in the Company.
The Company has placed 1,694,000 new Redefine International
shares ("the Placing Shares") at a subscription price of 54.5 pence
per share with the minority shareholders of Kalihora ("the
Placing"). The Placing Shares represent approximately 0.4 per cent.
of the current issued share capital of the Company. The balance of
the purchase price of GBP83,930 will be settled in cash.
Kalihora, a company that owns two COOP stores in Switzerland,
was 80.46% owned by the Company, prior to the Placing.
Commenting on the transaction, Chairman Gavin Tipper said:
"This acquisition is in line with the Company's stated strategy
of simplifying the group ownership structure by acquiring minority
shareholder interests in underlying investments over time".
An application has been made for the Placing Shares to be
admitted to trading on AIM and it is expected that such admission
will occur on or around 4 February 2011 and these shares will rank
pari passu in all respects with the existing ordinary shares in
issue.
In accordance with Rule 2.10 of the Takeover Code in the UK,
Redefine International confirms that, once the Placing Shares have
been admitted to trading on the AIM market of the London Stock
Exchange, there will be 412,898,995 ordinary shares of 1 pence each
in issue under International Securities Number GB00B13PT348.
For further information, please contact:
Redefine International plc +27 (0)21 683
Gavin Tipper - Chairman 3829
Nominated Adviser and Broker to Redefine International
plc
Singer Capital Markets +44 (0)203 205
Jeff Keating 7500
Redefine International Fund Managers Limited
Miles Walton +1 (284) 494 9820
2 February 2011
This information is provided by RNS
The company news service from the London Stock Exchange
END
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