Redefine announces R550 million landmark B-BBEE transaction

October 11, 2007
Redefine Income Fund, the fourth largest property loan stock company listed on the JSE Limited today announced that it will give effect to a Broad-based Black Economic Empowerment (B-BBEE) transaction in terms of which 80 million Redefine linked units, constituting just under 10% of the current issued linked units in Redefine, are to be issued to selected B-BBEE parties.
"This equity transaction constitutes an integral part of Redefine's commitment to black economic empowerment and to the principles of the DTI Codes of Good Practice and the Property Charter."

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