13th Nov 2017 12:00
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
PDMR Share Dealing
Further to the announcement on 10 November 2017, regarding the completion of the scheme of arrangement by International Hotel Properties Limited (the "Scheme"), Mike Watters and Marc Wainer have been allotted Redefine International shares, as International Hotel Properties Limited minority shareholders under the Scheme, and their shareholdings have increased as advised below.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mike Watters | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director/ C.E.O. | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Redefine International P.L.C. | ||||
b)
| LEI
| 2138006NHZUMMRYQ1745 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Shares
2138006NHZUMMRYQ1745
| ||||
b)
| Nature of the transaction
| Issue of Redefine International P.L.C. shares, fully paid up, as consideration for the acquisition of 28,316 shares in International Hotel Properties Limited from Michael Watters, under a scheme of arrangement | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
70,790
£28,316 | ||||
e)
| Date of the transaction
| 2017-11-13 | ||||
f)
| Place of the transaction
| Johannesburg Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Marc Wainer | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Redefine International P.L.C. | ||||
b)
| LEI
| 2138006NHZUMMRYQ1745 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Shares
2138006NHZUMMRYQ1745
| ||||
b)
| Nature of the transaction
| Issue of Redefine International P.L.C. shares, fully paid up, as consideration for the acquisition of 1,263,138 shares in International Hotel Properties Limited from Marc Wainer, under a scheme of arrangement | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
3,157,846
£1,263,138 | ||||
e)
| Date of the transaction
| 2017-11-13 | ||||
f)
| Place of the transaction
| Johannesburg Stock Exchange | ||||
For further information:
Redefine International P.L.C. Mike Watters, Stephen Oakenfull |
Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser Dido Laurimore, Claire Turvey, Ellie Sweeney |
Tel: +44 (0) 20 3727 1000 |
Instinctif Partners SA Public Relations Adviser Frederic Cornet, Lizelle du Toit |
Tel: +27 (0) 11 447 3030 |
Java Capital JSE Sponsor |
Tel: +27 (0) 11 722 3050 |
Note to editors:
About Redefine International
Redefine International is a FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to becoming the UK's leading income focused REIT. The Company's income-led business model and strategic priorities are designed to offer shareholders superior, sustainable and growing income returns, with a target growth in underlying earnings per share of 3%-5% across the medium term.
Income sustainability is underpinned by a diversified portfolio and tenant base, with no overreliance on any one sector or tenant, together with an efficient capital structure. The secure and growing income stream is 39% indexed and has a WAULT of 7.4 years to first break (8.5 years to expiry). This is complemented by an average debt maturity of 7.3 years of which over 90% of interest costs are either fixed or capped. The Company is focused on all aspects impacting shareholder distributions and reports one of the lowest cost ratios in the industry whilst maintaining a low cost of debt. All figures as at 31 August 2017.
The Company owns properties independently valued at £1.5bn in the United Kingdom and Germany, Europe's two largest and most transparent property markets. Redefine International invests in assets with strong property fundamentals spread across UK shopping centres, UK retail parks, UK offices, UK logistics, UK hotels and German retail.
Redefine International holds a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange and is included within the FTSE 250, EPRA and GPR indices.
For more information on Redefine International, please refer to the Company's website www.redefineinternational.com.
Related Shares:
RDI.L