5th Jun 2014 16:45
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
In accordance with 3.1.2R of the Disclosure and Transparency Rules of the UKLA, Michael Watters, the CEO and Director of Redefine International, informed the Company on 4 June 2014 that he has transferred his indirect beneficial interest of 6,512,697 ordinary shares of 8 pence each in Redefine International ("Ordinary Shares") to a pension fund structure in which Mr Watters is a beneficiary.
As part of the restructuring, 350,000 Ordinary Shares were disposed on 4 June 2014 for cash at an average price of 57.15 pence per share to create liquidity in the pension fund structure for future investment purposes.
Mr Watters' resulting indirect beneficial interest post this transaction is 6,162,697 Ordinary Shares, representing approximately 0.48 per cent. of the Company's issued share capital.
For further information:
Redefine International P.L.C. |
|
Michael Watters, Stephen Oakenfull | Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser |
|
Stephanie Highett, Dido Laurimore Marketing Concepts SA Public Relations Adviser Suren Naidoo | Tel: +44 (0) 20 3727 1000
Tel: + 27 (0) 11 783 0700 |
JSE Sponsor Java Capital |
Tel: + 27 (0) 11 283 0042
|
Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.
Related Shares:
RDI.L