To view the PDF file, sign up for a MySharenet subscription.

RDI REIT PLC - Redefine International P.L.C. Name changed to RDI REIT P.L.C.

Release Date: 01/12/2017 09:00
Code(s): RPL     PDF:  
Wrap Text
Redefine International P.L.C. Name changed to RDI REIT P.L.C.

RDI REIT P.L.C.
(formerly Redefine International P.L.C.)
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
LEI: 2138006NHZUMMRYQ1745
ISIN: IM00B8BV8G91
(“RDI” or the “Company” the “Group”)


REDEFINE INTERNATIONAL P.L.C. NAME CHANGED TO RDI REIT P.L.C.


Today marks a significant event in the history of Redefine International P.L.C. as it changes its name
and rebrands to RDI REIT P.L.C., an acronym for Real Estate Diversified Income REIT. The new
brand is synonymous with the Company’s 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 be effective from 8:00am
today. The London Stock Exchange and JSE share codes, “RDI” and “RPL” respectively, will remain
unchanged, as will the ISIN and SEDOL.

All current Redefine International P.L.C. share certificates will remain valid and will not be replaced
with the new name until required.

Alongside the new name, the Company is also pleased to announce that it is relocating its London
head office to 33 Regent Street, London, SW1Y 4NE, from Friday 8 December 2017.

Mike Watters, CEO of RDI commented:

“Having surpassed our ten-year milestone of listing on the UK’s main market, we now look forward
to the next decade with a fresh brand and a renewed emphasis on strategic priorities to support our
ambition to become the UK’s leading income focused REIT. As RDI REIT, we aim to establish a
clear, independent identity, whilst maintaining some continuity through the link to our UK ticker
symbol, “RDI”. With progress well on track to deliver a higher quality portfolio and stronger balance
sheet to shareholders, we consider this rebrand timely as we enter the next phase of growth for the
business.”

For further information:

RDI REIT P.L.C. (formerly 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

1 December 2017

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 £1.5bn 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.rdireit.com

Date: 01/12/2017 09:00:00 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
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story