Wrap Text
PDMR share dealing
RDI REIT P.L.C.
("RDI" or the "Company")
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745
PDMR SHARE DEALING
RDI, the income-focused UK-REIT, announces that Mike Watters, the CEO of RDI, has acquired 28,550
ordinary shares in the Company.
Notification and public disclosure of transactions by persons discharging managerial responsibilities
and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Mike Watters
2 Reason for the notification
a) Position/status Director/CEO
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name RDI REIT P.L.C.
b) LEI 2138006NHZUMMRYQ1745
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial Ordinary Shares
instrument, type of
instrument
Identification code 2138006NHZUMMRYQ1745
b) Nature of the transaction Acquisition
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 1.28336 16,000
d) Aggregated information
- Aggregated volume 16,000
- Price GBP 20,533.76
e) Date of the transaction 25 April 2019
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Mike Watters
2 Reason for the notification
a) Position/status Director/CEO
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name RDI REIT P.L.C.
b) LEI 2138006NHZUMMRYQ1745
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial Ordinary Shares
instrument, type of
instrument
Identification code 2138006NHZUMMRYQ1745
b) Nature of the transaction Acquisition
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR 23.90 12,550
d) Aggregated information
- Aggregated volume 12,550
- Price ZAR299,945
e) Date of the transaction 26 April 2019
f) Place of the transaction Johannesburg Stock Exchange
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
26 April 2019
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
26.7% indexed and has a WAULT of 6.5 years to first break (8.1 years to expiry). This is complemented by
an average debt maturity of 7.1 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 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 28 February 2019
Date: 26/04/2019 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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