RDI REIT PLC - Results of dividend election

Release Date: 14/06/2018 08:00
Code(s): RPL
Wrap Text
Results of dividend election

(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”)


RDI shareholders are referred to the announcement released on 21 May 2018 regarding the election being offered to
receive the interim dividend of 1.35 pence per share in respect of the six months ended 28 February 2018 as either a
cash dividend or a scrip dividend by way of an issue of new RDI shares (of the same class as existing shares) credited
as fully paid up (“Scrip Dividend”).

The Company is pleased to announce that election forms for 282,107,974 ordinary shares of 8 pence each in the
Company (“Ordinary Shares”) have been received, representing a 14.9 per cent take up by shareholders, for which
9,371,173 Scrip Dividend shares are to be issued, being 0.5 per cent of the current issued share capital of the Company.

An application will be made for the Scrip Dividend shares, which will rank pari passu in all respects with the Company’s
existing issued Ordinary Shares, to be admitted to the Premium Segment of the Official List of the United Kingdom
Listing Authority, to trading on the London Stock Exchange’s Main Market for listed securities and to be listed on the
JSE (“Admission”). It is expected that Admission will occur on Monday, 25 June 2018.

This announcement is being made ahead of the proposed schedule, prior to Admission.

Following Admission, and further to the share buyback programme which has now completed, the total number of voting
rights will be 1,900,449,536. All shares acquired under the buyback programme have been cancelled and no Ordinary
Shares are held in treasury. The figure of 1,900,449,536 Ordinary Shares may then be used by shareholders in the
Company as the denominator for the calculations by which they will 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.

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

14 June 2018

Note to editors

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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