Wrap Text
PDMR Share Dealing
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”)
PDMR SHARE DEALING
Further to the announcement on 10 November 2017, regarding the completion of the scheme of arrangement
by International Hotel Properties Limited (the “Scheme”), Mike Watters and Marc Wainer have been allotted
Redefine International shares, as International Hotel Properties Limited minority shareholders under the
Scheme, and their shareholdings have increased as advised below.
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/ C.E.O.
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name Redefine International 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 Shares
instrument, type of
instrument
Identification code 2138006NHZUMMRYQ1745
b) Nature of the transaction Issue of Redefine International P.L.C. shares, fully paid up, as
consideration for the acquisition of 28,316 shares in International
Hotel Properties Limited from Michael Watters, under a scheme of
arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
40 pence 70,790
d) Aggregated information
- Aggregated volume 70,790
- Price £28,316
e) Date of the transaction 2017-11-13
f) Place of the transaction Johannesburg Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Marc Wainer
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name Redefine International 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 Shares
instrument, type of
instrument
Identification code 2138006NHZUMMRYQ1745
b) Nature of the transaction Issue of Redefine International P.L.C. shares, fully paid up, as
consideration for the acquisition of 1,263,138 shares in International
Hotel Properties Limited from Marc Wainer, under a scheme of
arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
40 pence 3,157,846
d) Aggregated information
- Aggregated volume 3,157,846
- Price £1,263,138
e) Date of the transaction 2017-11-13
f) Place of the transaction Johannesburg Stock Exchange
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 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 £1.5bn in the United Kingdom and Germany, Europe’s two
largest and most transparent property markets. Redefine International invests in assets with strong property
fundamentals spread across UK shopping centres, UK retail parks, UK offices, UK logistics, UK hotels and German
retail.
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.
For more information on Redefine International, please refer to the Company’s website
www.redefineinternational.com.
13 November 2017
Date: 13/11/2017 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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information disseminated through SENS.
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