RDF Redefine Intl

TIDMRDF

RNS Number : 2873C

Redefine International PLC

04 March 2011

Redefine International plc

("Redefine International" or "the Company")

Subscription for Stapled Securities in Cromwell Property Group ("Cromwell")

On 24 February 2011 Redefine International, the AIM listed property investment and development company, advised that the Company had through its 100% held subsidiary, Redefine Australian Investments Limited ("RAIL"), entered into a call option agreement ("the call option agreement") in terms of which RAIL had agreed to subscribe for the lesser of 35 000 000 stapled securities or that number of stapled securities which would result in RAIL holding 22.9% of Cromwell ("the transaction").

Further to this announcement Redefine International is pleased to advise that Cromwell has, on 2 March 2011, called on RAIL to subscribe for 35 000 000 stapled securities and pay the subscription amount of AUD 24 748 500 in terms of the call option agreement. Accordingly, all conditions precedent to the transaction have now been fulfilled.

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 
 

4 March 2011

This information is provided by RNS

The company news service from the London Stock Exchange

END

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