Wrap Text
Grant of contingent awards under long term performance share plan
REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
(“Redefine International” or “the Company”)
GRANT OF CONTINGENT AWARDS UNDER LONG TERM PERFORMANCE SHARE PLAN
Redefine International, the FTSE 250 income focused UK Real Estate Investment Trust (“UK-REIT”), 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, and forms part of the
Company’s New Remuneration Policy, which was approved by shareholders at the Annual General Meeting held on
23 January 2017.
Each of the following executive directors and persons discharging managerial responsibility (“PDMR”) have, on
25 January 2017, been granted contingent share awards over the number of ordinary shares in Redefine International
under the terms of the PSP, as set out below:
Director/PDMR Number of PSP shares awarded on Total number of shares held as
25 January 2017 awards under the PSP following
grant
Mike Watters 1,698,440 5,170,205
Stephen Oakenfull 1,099,567 3,347,184
Adrian Horsburgh 1,099,567 2,677,517
Donald Grant 1,021,665 2,094,462
The awards will vest three years from date of grant, subject to continued employment and the satisfaction of
performance targets. The figures above reflect the maximum number of shares that could vest. The actual number that
will vest will depend on the extent to which the performance targets are satisfied over the performance period. 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).
25 January 2017
For further information:
Redefine International P.L.C.
Mike Watters, Stephen Oakenfull 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
Java Capital
JSE Sponsor Tel: +27 (0) 11 722 3050
Note to editors:
About Redefine International
Redefine International is an income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to
delivering superior distributions to its shareholders throughout the property cycle.
The Company’s income driven total returns are underpinned by a diversified portfolio, together with an efficient
capital structure. The continued transformation of both the corporate structure and asset base offer a solid foundation
to drive further value. The diversified portfolio, independently valued at £1.53 billion, is focused in Europe's two
strongest economies, being the United Kingdom and Germany. The portfolio is weighted towards well located
properties across a range of sectors, including retail, offices, distribution and hotels, which benefit from strong
demand and from which they can capture income and value growth by attracting high calibre occupiers on long leases.
The Company’s investment philosophy is to effectively allocate recycled capital from mature assets into sectors and
locations with strong occupier fundamentals and individual assets with realisable upside.
Currently the secure income stream is supported by a diversified portfolio and tenant base, with a WAULT of
7.8 years complemented by an average debt maturity of 6.9 years of which over 95% of interest costs are either fixed
or capped. The Company is focused on all aspects impacting shareholder distributions and boasts one of the lowest
cost ratios in the industry whilst continuously driving a lower cost of debt.
Redefine International 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.
The Company will be hosting a Capital Markets Day on Monday, 6 February 2017. The presentation and a live
webcast will be available on the Company's website at 10:30am (UK time), 12:30pm (SA time) on Monday,
6 February 2017: www.redefineinternational.com.
For more information on Redefine International, please refer to the Company’s website
www.redefineinternational.com.
Date: 25/01/2017 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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