Enhanced Investments - Financial Portal

Dismissal of metro claim

Published: 2023-10-11 09:00:45 ET

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
LEI: 37890061EC026A7DA532
Debt company code: BIRDF
(Approved as a REIT by the JSE)
(“Redefine” or “the Company”)


DISMISSAL OF METRO CLAIM


Shareholders are referred to the Company’s interim results for the six months ended
28 February 2023, published on 8 May 2023, wherein shareholders were advised that the
request for arbitration instituted by and filed by Metro Properties sp.z o.o. (“Metro”) and
received by EPP N.V. (“EPP”) against 11 Polish companies owned by M1 Group S.A.R.L
(“M1 JV”), which is 50% owned by the Redefine group, demanding a reduction in the amount
of rental payable by Metro under the respective lease agreements, would be heard by the
International Court of Arbitration.

Shareholders are advised that EPP has received notification from the International Court of
Arbitration that all of Metro’s claims against M1 JV have been dismissed. This award is final
and binding on all the parties.

11 October 2023


Sponsor

Java Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.