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Growthpoint Properties Limited

10/07/2019 | Press release | Distributed by Public on 10/07/2019 03:47

dividend re-investment alternative

Shareholders are referred to the announcements released on the Stock Exchange News Service ('SENS') on Wednesday, 11 September 2019 and Friday, 20 September 2019 relating to the declaration of the cash dividend for the six-month period ended 30 June 2019 of 112.3 cents ('Cash Dividend') per Growthpoint share and the finalisation of the dividend re-investment alternative ('Share Alternative'), respectively.

Shareholders holding 1 008 118 485 Growthpoint shares or 33.93% of Growthpoint's issued shares qualifying to receive the dividend elected the Share Alternative, resulting in the issue of 51 515 094 new ordinary shares of no par value and the retention of R1 121 million (based on the discounted issue price of R21.75 for the new shares) of new equity for Growthpoint. Accordingly, a Cash Dividend of R2 204 million is payable today in respect of 1 962 862 803 Growthpoint shares.

Dividend cheques in respect of certificated shareholders who elected to receive the Cash Dividend are being posted today and share certificates in respect of certificated shareholders who elected the Share Alternative will be posted on Wednesday, 9 October 2019 to such certificated shareholders at their risk. The Central Securities Depository Participants ('CSDP') or broker custody accounts in respect of dematerialised shareholders who elected to receive the Cash Dividend will be credited today and the CSDP or broker custody accounts in respect of dematerialised shareholders who elected the Share Alternative will be credited with their new shares on Wednesday, 9 October 2019 in line with the settlement dates as indicated in the aforementioned SENS announcements.