Wrap Text
Grant of contingent awards under Long Term Performance Share Plan and PDMR Sharedealing
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”)
GRANT OF CONTINGENT AWARDS UNDER LONG TERM PERFORMANCE SHARE PLAN AND PDMR SHAREDEALING
RDI, 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 RDI 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 18 January 2018, been granted contingent share awards over the number of ordinary shares in RDI
under the terms of the PSP, as set out below:
Director/PDMR Number of PSP shares awarded Total number of shares held as
on 18 January 2018 awards under the PSP following
grant
Mike Watters 1,954,023 5,350,978
Stephen Oakenfull 1,389,805 3,588,989
Adrian Horsburgh 1,264,868 3,464,052
Donald Grant 1,175,412 3,269,874
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).
In addition to the above contingent awards, the following executive directors have acquired additional shares
in the Company, the details of which are shown below: -
Mike Watters Donald Grant
Position Chief Executive Officer Chief Financial Officer
Shares Acquired 67,000 25,000
Acquisition Price £0.3594 £0.3595
Aggregate Price £24,079.80 £8,987.50
Place LSE LSE
Date 17/01/2018 16/01/2018
Total Shareholding in RDI 6,653,428 75,000
% of Issued Share Capital 0.35% Less than 0.01%
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
18 January 2018
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 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 financial Shares
instrument, type of
instrument
Identification code 2138006NHZUMMRYQ1745
b) Nature of the transaction Acquisition of shares
c) Price(s) and volume(s) Price(s) Volume(s)
35.94 pence 67,000
d) Aggregated information
- Aggregated volume 67,000
- Price £24,079.80
e) Date of the transaction 2018-01-17
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Donald Grant
2 Reason for the notification
a) Position/status Director/Chief Financial Officer
b) Initial notification Initial
/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 financial Shares
instrument, type of
instrument
Identification code 2138006NHZUMMRYQ1745
b) Nature of the transaction Acquisition of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
35.95 pence 25,000
d) Aggregated information
- Aggregated volume 25,000
- Price £8,987.50
e) Date of the transaction 2018-01-16
f) Place of the transaction London Stock Exchange
Date: 18/01/2018 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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