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Grant of contingent awards under long term performance share plan
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
RDI, the 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
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") has,
on 31 October 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 Total number of shares held as
shares granted awards under the PSP following
grant
Mike Watters 2,413,056 6,065,519
Stephen Oakenfull 1,716,320 4,205,692
Adrian Horsburgh 1,562,018 3,926,453
Donald Grant 1,451,632 3,648,709
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 Article 19(3) of the Market Abuse Regulation.
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
31 October 2018
About RDI
RDI is a 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
27.0% indexed and has a WAULT of 7.0 years to first break (8.4 years to expiry). This is complemented by
an average debt maturity of 6.7 years of which over 95% 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 JSE and is
included within the 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 31 August 2018
Date: 31/10/2018 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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