RDI REIT PLC - Transaction in own shares

Release Date: 11/06/2018 08:00
Code(s): RPL
Wrap Text
Transaction in own shares

(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
("RDI" or the "Company" or the "Group')


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 8 June 2018 Peel Hunt LLP on behalf of the Company, purchased
905,000 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 35.70 pence per Ordinary Share (the "Purchase"). The Ordinary Shares
purchased for cancellation represent approximately 0.048 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 1,891,078,363.

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:
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

11 June 2018

Schedule 1: Schedule of Purchases
 Date of Purchase:                                      08/06/2018
 Number of Ordinary Shares purchased:                   905,000
 Highest price paid per share (pence):                  35.80
 Lowest price paid per share (pence):                   35.60
 Average price paid per share (pence):                  35.70
 Broker-dealer:                                         Peel Hunt LLP

Schedule 2: Individual transactions:
 Number      of    shares Transaction price             Time of transaction         Trading venue
 230,000                    35.80 pence                 10:50:26                    LSE
 350,000                    35.70 pence                 13:31:17                    LSE
 125,000                    35.65 pence                 14:37:47                    LSE
 200,000                    35.60 pence                 16:35:15                    LSE

Schedule 3: Aggregate information
 Venue                            Volume-weighted average                  Aggregated volume
 LSE                              35.70 pence                              905,000

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

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

All figures as at 28 February 2018

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