Redefine Properties (JSE: RDF) received the green light from shareholders to finalise the delisting and takeover of EPP (JSE: EPP), Poland\u2019s largest retail landlord, in January.\u00a0 This followed the 29 November 2021 share-for-share offer to acquire all of the remaining shares in EPP N.V. not already owned by Redefine.<\/p>\n
Redefine confirms that the offer by Redefine, which closed on March 4, was accepted by EPP shareholders holding a total of 381 651 727 EPP shares, representing 90.79% of the EPP shares in issue (excluding EPP shares held by Redefine and I Group).<\/p>\n
Following the implementation of the Redefine offer and the repurchase by EPP of 74 993 917 EPP shares from I Group, Redefine will hold 794 220 512 EPP shares, representing 95.35% of EPP shares in issue (excluding any EPP treasury shares ).\u00a0 A total of 1 030 459 642 new Redefine shares will be issued as a result of the Redefine offer.<\/p>\n
The listing of EPP shares on the Main Board of the JSE and the official list of the LuxSE will be terminated at the commencement of trade on Tuesday, 8 March 2022. The deal amounts to an estimated R7.2 billion in additional equity for Redefine and adds around R19.7 billion of total assets onto its balance sheet.<\/p>\n","protected":false},"excerpt":{"rendered":"
Redefine Properties (JSE: RDF) received the green light from shareholders to finalise the delisting and takeover of EPP (JSE: EPP), Poland\u2019s largest retail landlord, in January.\u00a0 This followed the 29 November 2021 share-for-share offer to acquire all of the remaining shares in EPP N.V. not already owned by Redefine. Redefine confirms that the offer by […]<\/p>\n","protected":false},"author":4,"featured_media":4341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-4340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-members-news"],"featured_image_src":{"landsacpe":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2022\/03\/Redefine-EPP-buyout-receives-overwhelming-shareholder-support-8-March-202218-1140x445.jpg",1140,445,true],"list":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2022\/03\/Redefine-EPP-buyout-receives-overwhelming-shareholder-support-8-March-202218-463x348.jpg",463,348,true],"medium":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2022\/03\/Redefine-EPP-buyout-receives-overwhelming-shareholder-support-8-March-202218-300x78.jpg",300,78,true],"full":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2022\/03\/Redefine-EPP-buyout-receives-overwhelming-shareholder-support-8-March-202218.jpg",1920,500,false]},"_links":{"self":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts\/4340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/comments?post=4340"}],"version-history":[{"count":0,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts\/4340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/media\/4341"}],"wp:attachment":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/media?parent=4340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/categories?post=4340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/tags?post=4340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}