RDI REIT PLC - Director external appointment

Release Date: 09/07/2018 10:30
Code(s): RPL
 
Wrap Text
Director external appointment

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")


DIRECTOR EXTERNAL APPOINTMENT


Pursuant to Listing Rule 9.6.14, the Company confirms that Robert Orr, Non-Executive Director of RDI, has
been appointed as Chairman of the board of Tritax Eurobox PLC ("Tritax").

Robert was appointed Director and Chairman of Tritax on 5 June 2018, but the terms of his appointment only
become effective today, 9 July 2018, being the date on which the shares of Tritax were admitted to trading on
the LSE.

For further information, please contact:

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                                                                Tel: +27 (0) 11 447 3030

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

9 July 2018

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

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