RDI REIT PLC Correction Announcement: PDMR Share Dealing (4344X)
April 29 2019 - 8:00AM
UK Regulatory
TIDMRDI
RNS Number : 4344X
RDI REIT PLC
29 April 2019
RDI REIT P.L.C.
("RDI" or the "Company")
(Registration number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745
Correction Announcement: PDMR Share Dealing
On Friday 26 April 2019, the Company advised that Mike Watters,
the CEO of RDI, had acquired a total of 28,550 ordinary shares in
the Company:-
-- 16,000 ordinary shares in the Company were acquired on 25 April 2019; and
-- 12,550 ordinary shares in the Company were acquired on 26 April 2019.
Please be advised that the acquisition on 26 April 2019 was for
4,185 ordinary shares only, and therefore the total shares acquired
by Mike Watters was 20,185 ordinary shares in the Company.
Amended 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/CEO
------------------------------------------ ------------------------------------
b) Initial notification Amendment
/Amendment
------------------------------------------ ------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code 2138006NHZUMMRYQ1745
b) Nature of the transaction Acquisition
------------------------------------------ ------------------------------------
c) Price(s) and volume(s)
---------------- ---------------
Price(s) Volume(s)
---------------- ---------------
ZAR 23.90 4,185
---------------------------------------------------------------- ---------------
d) Aggregated information
- Aggregated volume 4,185
- Price ZAR100,021.50
e) Date of the transaction 26 April 2019
------------------------------------------ ------------------------------------
f) Place of the transaction Johannesburg Stock Exchange
------------------------------------------ ------------------------------------
For further information, please contact:
RDI REIT P.L.C.
Mike Watters, Donald Grant Tel: +44 (0) 20 7811 0100
FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie Tel: +44 (0) 20 3727 1000
Sweeney
Instinctif Partners
SA Public Relations Adviser
Frederic Cornet Tel: +27 (0) 11 447 3030
JSE Sponsor
Java Capital Tel: + 27 (0) 11 722 3050
About RDI
RDI is a 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 26.7% indexed and has a WAULT of 6.5 years
to first break (8.1 years to expiry). This is complemented by an
average debt maturity of 7.1 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 GBP1.6bn 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 JSE and is included within the 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 2019
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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