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Posting of the annual report and notice of AGM, proposed share consolidation and no change statement
RDI REIT 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")
POSTING OF THE ANNUAL REPORT AND NOTICE OF AGM, PROPOSED SHARE CONSOLIDATION AND NO CHANGE STATEMENT
RDI, the income-focused UK-REIT, is pleased to announce that the following documents have been sent to
shareholders today: -
- the Annual Report incorporating the audited financial statements for the year ended 31 August 2018 (the
"Annual Report")
- the notice of the Annual General Meeting to be held on 24 January 2019 ("AGM"); and
- the form of proxy in respect of the AGM
(together, the "Documents").
The AGM will be held at 20 St Dunstan's Hill, London, EC3R 8HL on Thursday, 24 January 2019 at 11.00am
(UK time). The record date to attend and vote at the AGM will be close of business on Friday, 18 January 2019 for
shareholders on the South African register, and close of business on Tuesday, 22 January 2019 for shareholders on
the UK register.
Resolution 19 of the Notice of AGM proposes that every five Ordinary Shares of 8 pence each be consolidated into
one Ordinary Share of 40 pence each (the "Consolidation"). If the resolution is approved by shareholders on 24
January 2019, the timetable for the Consolidation will be as shown in the tables below.
For shareholders on the United Kingdom share register
2019
Date of AGM Thursday, 24 January
Results of AGM released on RNS Thursday, 24 January
Finalisation announcement released on RNS Friday, 25 January
Record date for consolidation Friday, 8 February
CREST shareholders accounts at CSDP/broker updated to reflect the
consolidated RDI shares Monday, 11 February
Trading in the consolidated share commences under new ISIN IM00BH3JLY32 Monday, 11 February
UK balance share certificates dispatched by
(Old UK share certificates will automatically be cancelled and replaced within 10
working days). Monday, 25 February
Notes:
1. All dates and times quoted above are local dates and times in the United Kingdom. The above dates and
times are subject to change. Any changes will be released on RNS.
For shareholders on the South African share register
2019
Date of AGM Thursday, 24 January
Results of AGM released on SENS Thursday, 24 January
Finalisation announcement released on SENS Friday, 25 January
Last day to trade prior to the consolidation
Tuesday, 5 February
Trading in the consolidated share commences under new ISIN IM00BH3JLY32 Wednesday, 6 February
Record date for consolidation Friday, 8 February
Dematerialised shareholders accounts at CSDP/broker updated to reflect the
consolidated RDI shares Monday, 11 February
Issue of replacement share certificates to certificated shareholders, provided that
the old share certificates have been lodged with the South African transfer
secretaries by 12:00 on Friday, 8 February 2019 (share certificates received after
this time will be posted within 5 business days of receipt) Monday, 11 February
Notes:
1. All dates and times quoted above are local dates and times in South Africa. The above dates and times are
subject to change. Any changes will be released on SENS.
2. Share certificates may not be dematerialised or rematerialised between Wednesday, 6 February 2019 and
Friday, 8 February 2019, both days inclusive.
3. Transfers of shares between sub-registers in South Africa and the UK may not take place between Thursday,
24 January 2019 and Friday, 8 February 2019, both days inclusive.
The Consolidation will be such that shareholders will not be allocated a fraction of a new RDI share and as such
any entitlement to receive a fraction of a new RDI share by virtue of the consolidation which:
- is less than one-half of a new RDI share, will be rounded down to the nearest whole number; and
- is equal to or greater than one-half of a new RDI share but less than a whole new RDI share, will be rounded
up to the nearest whole number.
Please note that the Annual Report contains no material changes to the results for the year ended 31 August 2018
as released on RNS and SENS on 25 October 2018.
Copies of the Documents will be submitted to the National Storage Mechanism in the UK and will shortly be
available for inspection at: http://www.morningstar.co.uk/uk/NSM and can also be viewed on the Company's
website, www.rdireit.com
For further information:
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
14 December 2018
Note to editors:
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: 14/12/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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information disseminated through SENS.