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RDI REIT PLC - Transaction in own shares

Release Date: 25/05/2018 08:00
Code(s): RPL     PDF:  
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Transaction in own shares

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” or the “Group”)


TRANSACTION IN OWN SHARES


Further to the announcement on 9 May 2018 regarding a share buy-back programme, RDI, the FTSE 250 income-
focused UK-REIT, advises that on 24 May 2018 Peel Hunt LLP on behalf of the Company, purchased 609,131 ordinary
shares, with a par value of 8 pence each, in the capital of the Company (“Ordinary Shares”) on market, at an average
price of 36.85 pence per Ordinary Share (the “Purchase”). The Ordinary Shares purchased for cancellation represent
approximately 0.03 per cent of the current issued share capital of the Company. The Company does not hold any shares
in treasury.

The Purchase was in accordance with the terms of the general authority to make market purchases of its own shares
granted by shareholders of the Company on 25 January 2018.

For the purpose of the Financial Conduct Authority’s Disclosure and Transparency Rules, the total number of Ordinary
Shares in issue as at the date of this notice (taking into account the abovementioned Ordinary Shares purchased for
cancellation by the Company) is 1,898,359,161.

This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for
the calculations by which they can determine if they are required to notify their interest in, or a change in their interest
in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below
contains a summary and a detailed information about the purchases made by Peel Hunt LLP on behalf of the Company
as part of the share buy-back programme.
For further information, please contact:

RDI REIT P.L.C.
Mike Watters, Donald Grant                                                                   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                                                                               Tel: +27 (0) 11 447 3030

JSE Sponsor
Java Capital                                                                                 Tel: + 27 (0) 11 722 3050

25 May 2018

Schedule 1: Schedule of Purchases
 Date of Purchase:                                             24/05/2018
 Number of Ordinary Shares purchased:                          609,131
 Highest price paid per share (pence):                         36.95
 Lowest price paid per share (pence):                          36.70
 Average price paid per share (pence):                         36.85
 Broker-dealer:                                                Peel Hunt LLP

Schedule 2: Individual transactions:
 Number      of     shares Transaction price                   Time of transaction            Trading venue
 purchased
 304,500                      36.95 pence                      08:23:54                       LSE
 100,000                      36.7 pence                       14:08:39                       LSE
 100,000                      36.75 pence                      15:26:49                       LSE
 104,631                      36.81 pence                      16:53:45                       LSE

Schedule 3: Aggregate information
 Venue                                    Volume-weighted average                    Aggregated volume
 LSE                                      36.85 pence                                609,131

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 25.9% indexed and has
a WAULT of 6.8 years to first break (8.2 years to expiry). This is complemented by an average debt maturity of 7.0
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.

The Company owns properties independently valued at £1.6bn in the United Kingdom and Germany, Europe’s two
largest, liquid and transparent property markets. RDI invests in assets with strong property fundamentals spread across
UK offices (including London serviced offices), UK logistics, UK shopping centres, UK retail parks, UK hotels and
German retail. RDI is well placed to take advantage of the increasing occupier requirement for real estate owners to
become high quality service providers, given its scalable operational platforms and nearly a third of the portfolio invested
in hotels and London serviced offices.

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, GPR, JSE All Property and JSE Tradeable Property indices.

For more information on RDI, please refer to the Company’s website www.rdireit.com

All figures as at 28 February 2018

Date: 25/05/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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