3rd Feb 2015 15:45
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
GRANT OF CONTINGENT AWARDS UNDER LONG TERM PERFORMANCE SHARE PLAN
Redefine International announces that contingent share awards have been granted to certain executive directors under the Redefine International P.L.C. Long-Term Performance Share Plan ("PSP") which was approved by shareholders in November 2013.
Each of the following executive directors and persons discharging managerial responsibility ("PDMR") have, on 3 February 2015, been granted contingent share awards over the number of ordinary shares in Redefine International set out below under the terms of the PSP:
Director/PDMR | Number of PSP shares awarded on 3 February 2015
| Total number of shares held under awards under the PSP following grant |
Michael Watters
| 1,773,250 | 3,503,250 |
Stephen Oakenfull | 1,148,000 | 2,268,000 |
Adrian Horsburgh | 478,333 | 478,333 |
The awards granted will vest three years from grant subject to continued employment and the satisfaction of performance targets. The figures above reflect the maximum number of shares that might vest - the actual number vesting will depend on the extent to which the performance targets are satisfied over the performance period. The awards are subject to two total shareholder return related performance targets. No consideration was paid for any of the awards and no consideration is due on vesting. This notification is made in accordance with DTR 3.1.4R (1)(a).
For further information:
Redefine International P.L.C. |
|
Michael Watters, Stephen Oakenfull
| Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser | |
Dido Laurimore, Claire Turvey, Ellie Sweeney
FTI Consulting SA Public Relations Adviser Max Gebhardt
| Tel: +44 (0) 20 3727 1000
Tel: +27 (0) 11 214 2402 |
JSE Sponsor Java Capital
|
Tel: +27 (0) 11 283 0042
|
Notes to editors:
Redefine International (RDI) is a FTSE 250 income focused UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.
The Group invests in large, well developed economies with established and transparent real estate markets. Within these markets, Redefine International's £1 billion investment portfolio provides diversified exposure to the commercial, industrial, retail and hotel sectors.
Redefine International is focused on delivering sustainable and growing income to shareholders through investment in income yielding assets let to high quality occupiers on long leases. Capital values are enhanced and protected by asset management and other low capex development activities.
As a UK-REIT, the Group aims to distribute of the majority of its earnings available for distribution on a semi-annual basis, providing investors with attractive income returns as well as exposure to capital growth opportunities.
www.redefineinternational.com
Related Shares:
RDI.L