Edition:
United Kingdom

Redefine Properties Ltd (RDFJ.J)

RDFJ.J on Johannesburg Stock Exchange

970.00ZAc
17 May 2019
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-9.00 (-0.92%)
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Latest Key Developments (Source: Significant Developments)

Redefine Properties Says Should Edcon Restructure Be Successful, Co's Equity Contribution Will Amount To R54,6 Mln
Friday, 1 Mar 2019 

March 1 (Reuters) - Redefine Properties Ltd ::EDCON UPDATE.INFORMED THAT BINDING AGREEMENTS HAVE BEEN CONCLUDED WITH ALL RELEVANT STAKEHOLDERS TO RESTRUCTURE AND RECAPITALISE EDCON.WILL RECEIVE 100% OF ITS RENTAL DUE FROM EDCON ON 56 788 SQM, REPRESENTING IN FORCE LEASES FOR PROFITABLE EDCON STORES.SHOULD RESTRUCTURE BE SUCCESSFULLY IMPLEMENTED, REDEFINE'S EQUITY CONTRIBUTION WILL AMOUNT TO R54,6 MILLION.HAS ALSO AGREED TO RENTAL REDUCTIONS UP TO MAXIMUM AMOUNT OF R13,8 MILLION OVER A TWO-YEAR PERIOD, IN RESPECT OF LEASES TOTALING 21 972 SQM.MAINTAINS PREVIOUS DISTRIBUTION GUIDANCE OF GROWTH OF 4% TO 5% PER SHARE ON PRIOR YEAR.  Full Article

Redefine Properties Says Domestic Trading Conditions Remain Very Challenging
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Redefine Properties Ltd ::REDEFINE PROPERTIES LTD - DOMESTIC TRADING CONDITIONS CONTINUE TO REMAIN VERY CHALLENGING.REDEFINE PROPERTIES LTD - MAINTAIN PREVIOUS 2018 DISTRIBUTION GUIDANCE OF GROWTH IN DISTRIBUTION PER SHARE.  Full Article

Redefine Properties Says •Krych Not Involved In Any Of Day-To-Day Activities Of EPP
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Echo Polska Properties Nv ::"WE ARE GIVEN TO UNDERSTAND THAT INVESTIGATION RELATES TO MR. KRYCH IN HIS PERSONAL CAPACITY AND NOT AS A NON-EXEC DIR OF EPP".KRYCH IS NOT INVOLVED IN ANY OF DAY-TO-DAY ACTIVITIES OF EPP.REDEFINE HAS REQUESTED EPP TO PROCURE MR. KRYCH'S RESIGNATION AS A NON-EXECUTIVE DIRECTOR OF EPP.  Full Article

Redefine Properties says FY ‍property asset platform expanded to 84.1 bln rand
Monday, 6 Nov 2017 

Nov 6 (Reuters) - REDEFINE PROPERTIES LTD ::‍PROPERTY ASSET PLATFORM EXPANDED BY R11.4 BILLION TO R84.1 BILLION IN FY 2017​.‍DECLARED A DISTRIBUTION OF 47.18 CENTS PER SHARE (FY16: 44.30) FOR SIX MONTHS ENDED 31 AUGUST 2017​.‍OPERATING MARGIN IMPROVED TO 82.7% IN FY 2017​​."‍POLITICAL INSTABILITY, POLICY UNCERTAINTY, AN EVER INCREASING FISCAL DEFICIT AND A VOLATILE RAND WEIGH HEAVILY ON DOMESTIC OUTLOOK"​.ANTICIPATE GROWTH IN DISTRIBUTABLE INCOME PER SHARE FOR 2018 TO RANGE BETWEEN 5.0% TO 6.0%​.FY ‍TOTAL REVENUE OF 7.79 BILLION RAND VERSUS 6.65 BILLION RAND YEAR AGO.  Full Article

UPDATE 1-South African retailer Edcon gets $191 mln recapitalisation

JOHANNESBURG, March 1 South Africa's Edcon has secured 2.7 billion rand ($191 million) in new cash and rent deductions as part of a plan to recapitalise the struggling department store chain.