Redefine International PLC Change of Name (4377W)
November 14 2017 - 4:45AM
UK Regulatory
TIDMRDI
RNS Number : 4377W
Redefine International PLC
14 November 2017
REDEFINE INTERNATIONAL P.L.C.
("RDI" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
LEI: 2138006NHZUMMRYQ1745
CHANGE OF NAME
Redefine International P.L.C. is pleased to announce that, on 1
December 2017, it will be changing its name and rebranding to RDI
REIT P.L.C., short for Real Estate Diversified Income REIT. The
abbreviated name of the Company will change to RDI. The new brand
is synonymous with our intention to become the UK's leading income
focused REIT delivering superior, sustainable and growing income
for our shareholders which is supported by a diversified portfolio
and tenant base.
The change of name, and the new website address of
www.rdireit.com will take effect from 8:00am (GMT) on Friday, 1
December 2017.
Trading on the London Stock Exchange in the Company's shares
will commence under the new name of RDI REIT P.L.C. on Monday, 4
December 2017. The TIDM code of RDI will remain unchanged as will
the ISIN and SEDOL.
The JSE share code of RPL will remain the same, and the salient
dates and times in respect of the name change on the JSE will be as
follows:
2017
Last day to trade in existing
shares on the JSE prior to the
change of name Tuesday, 28 November
Trading in the new name of RDI
REIT P.L.C., and abbreviated name Wednesday, 29
'RDI', on the JSE commences on November
Change of name record date Friday, 1 December
CSDP and broker accounts of dematerialised
shareholders are expected to be
updated on Monday, 4 December
------------------------------------------- ---------------------
Notes:
1. Share certificates in the name of Redefine International
P.L.C. may not be dematerialised or rematerialised after Tuesday,
28 November 2017.
All current Redefine International P.L.C. share certificates,
will remain valid, and will not be replaced with share certificates
in the new name until required.
Mike Watters, CEO of RDI commented:
"Following a decade listed on the UK main market, we look
forward to the next decade with a fresh new brand and a re-focus of
our strategic priorities to support our intention to become the
UK's leading income focused REIT. With the new name and brand we
aim to establish a clear, independent identity, whilst maintaining
some continuity by keeping reference to our UK RDI ticker.
Alongside the new name we are also pleased to announce that we are
relocating our London head office to 33 Regent Street, London, SW1Y
4NE on Friday, 8 December 2017."
For further information:
RDI
Mike Watters, Stephen Oakenfull Tel: +44 (0) 20
7811 0100
FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Tel: +44 (0) 20
Ellie Sweeney 3727 1000
Instinctif Partners
SA Public Relations Adviser
Frederic Cornet, Lizelle du Tel: +27 (0) 11
Toit 447 3030
Java Capital
JSE Sponsor 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 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 GBP1.5bn in
the United Kingdom and Germany, Europe's two largest and most
transparent property markets. RDI invests in assets with strong
property fundamentals spread across UK shopping centres, UK retail
parks, UK offices, UK logistics, UK hotels and German retail.
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 and GPR indices.
For more information on RDI, please refer to the Company's
website www.redefineinternational.com.
14 November 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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