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Posting of the annual report, notice of AGM and no change statement
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”)
POSTING OF THE ANNUAL REPORT, NOTICE OF AGM AND NO CHANGE STATEMENT
RDI, the income-focused FTSE 250 UK-REIT, is pleased to announce that the following documents have
been sent to shareholders today: -
- the Annual Report incorporating the audited annual financial results for the year ended 31 August 2017
(the “Annual Report”)
- the notice of the Annual General Meeting to be held on 25 January 2018 (“AGM”); and
- the form of proxy in respect of the AGM
(together, the “Documents”).
Please note that the Annual Report contains no material changes to the results for the year ended 31 August
2017, released on SENS and RNS on 26 October 2017.
The AGM will be held at the Company’s UK Head Office at 33 Regent Street, London SW1Y 4NE on
Thursday 25 January 2018 at 11.00am (UK time). The record date to attend and vote at the AGM will be close
of business on Friday, 19 January 2018 for shareholders on the South African register, and close of business
on Tuesday, 23 January 2018 for shareholders on the UK register.
The Company advises that, as Redefine Properties Limited (“RDF”) is no longer considered to be a controlling
shareholder of the Company due to its shareholding in RDI now being below 30%, the relationship agreement
between RDF and RDI has ceased to operate and the dual election of Independent Non-executive Directors at
the AGM will therefore no longer be required under LR 9.2.2E.
The Company also wishes to draw shareholders’ attention to Greg Clarke’s statement in the Annual Report
that he intends to step down as Chairman of the Company during the course of 2018. The exact timing will
be determined by the process to recruit a new Chairman and execute an appropriate handover. Michael
Farrow, the Company’s Senior Independent Director, will be appointed the Chair of the Nominations
Committee, with immediate effect, and will oversee the appointment of a new Chairman. An announcement
in this regard will be released as soon as a successor to Greg Clarke has been appointed,
Copies of the Documents will be submitted to the National Storage Mechanism in the UK and will shortly be
available for inspection at: http://www.morningstar.co.uk/uk/NSM and can also be viewed on the Company’s
website, www.rdireit.com
15 December 2017
For further information:
RDI REIT 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 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: 15/12/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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