25th Jun 2018 07:00
RDI REIT P.L.C.
("RDI" or the "Company" or the "Group")
(Registration number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
LEI: 2138006NHZUMMRYQ1745
PDMR Share Dealing
Further to the announcement of 14 June 2018, RDI is pleased to confirm the issue and admission of 9,371,173 Scrip Dividend shares to the Premium Segment of the Official List of the United Kingdom Listing Authority, to trading on the London Stock Exchange's Main Market for listed securities and to the JSE ("Admission")
Following today's Admission, the total number of voting rights in the Company is 1,900,449,536 (the "ISC"). Details of the Directors and Persons Closely Associated who elected to take up the Scrip Dividend Shares are shown below:
Party | Scrip dividend shares allotted | % of ISC | New shareholding | % of ISC |
Adrian Horsburgh | 1,989 | 0.000 | 64,178 | 0.003 |
Bernard Nackan | 669 | 0.000 | 21,580 | 0.001 |
For further information, please contact:
RDI REIT P.L.C. | |
Mike Watters, Stephen Oakenfull, Donald Grant | 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 |
JSE Sponsor | |
Java Capital | Tel: + 27 (0) 11 722 3050 |
Note to editors
About RDI
RDI 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 25.9% indexed and has a WAULT of 6.8 years to first break (8.2 years to expiry). This is complemented by an average debt maturity of 7.0 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.
The Company owns properties independently valued at £1.6bn in the United Kingdom and Germany, Europe's two largest, liquid and transparent property markets. RDI invests in assets with strong property fundamentals spread across UK offices (including London serviced offices), UK logistics, UK shopping centres, UK retail parks, UK hotels and German retail. RDI is well placed to take advantage of the increasing occupier requirement for real estate owners to become high quality service providers, given its scalable operational platforms and nearly a third of the portfolio invested in hotels and London serviced offices.
RDI 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, GPR, JSE All Property and JSE Tradeable Property indices.
For more information on RDI, please refer to the Company's website www.rdireit.com
All figures as at 28 February 2018
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Adrian Horsburgh | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Property Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| RDI REIT 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 Scrip Dividend Shares | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,989
£704.11 | ||||
e)
| Date of the transaction
| 2018-06-25 | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Bernard Nackan | ||||
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
| RDI REIT 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 Scrip Dividend Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
669
ZAR3941.97 | ||||
e)
| Date of the transaction
| 2018-06-25 | ||||
f) | Place of Transaction | Johannesburg Stock Exchange | ||||
Related Shares:
RDI.L