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RDI REIT PLC - Posting of the annual report and notice of AGM, proposed share consolidation and no change statement

Release Date: 14/12/2018 07:05
Code(s): RPL     PDF:  
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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'). 
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