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Redefine plans R500m cash call

Jul 03 2012 13:44 I-Net Bridge

Company Data

REDEFINE PROPERTIES LIMITED [JSE:RDF]

Last traded 9.82
Change -0.06
% Change -0.01
Cumulative volume 2698193
Market cap 30.16bn

Last Updated: 17/04/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg – Redefine Properties [JSE:RDF] said on Tuesday it planned to raise R500m by issuing new Redefine-linked units to SA institutional investors.

The proceeds will be used to acquire property and reduce debt‚ the property fund said.

Redefine shares fell 1.73% at R8.50.

 
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