Wrap Text
Grant of contingent awards under share plans
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
GRANT OF CONTINGENT AWARDS UNDER SHARE PLANS
RDI, the income focused UK Real Estate Investment Trust (“UK-REIT”), announces in accordance with
Article 19(3) of the Market Abuse Regulation, the following share awards to executive directors.
Awards under the long term performance share plan
Contingent share awards have been granted to the executive directors under the RDI Long Term Performance
Share Plan 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 (the "PSP").
Each of the following executive directors and persons discharging managerial responsibility (“PDMR”) has,
on 2 December 2019, been granted contingent share awards under the terms of the PSP over the number of
ordinary shares in RDI set out below:
Director/PDMR Number of shares granted Total number of shares held as
under the PSP awards under the PSP following
grant
Mike Watters 601,154 1,474,570
Stephen Oakenfull 427,500 1,048,725
Adrian Horsburgh 389,135 954,513
Donald Grant 361,586 886,994
The awards will vest three years from date of grant, subject to continued employment and the satisfaction of
performance targets as set out in the Company’s Annual Report. The figures above reflect the maximum
number of ordinary shares which could vest. The actual number which 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.
Awards under the Short-Term Incentive Plan
Deferred bonus share awards have been granted to the executive directors and certain PDMRs under the short-
term incentive plan, which was approved by shareholders at the Annual General Meeting held on 23 January
2017 ("STIP").
Each of the following executive directors has, on 2 December 2019, been awarded deferred bonus shares in
the Company under the terms of the STIP, as set out below:
Director/PDMR Number of deferred shares Total number of shares held as
granted under the STIP awards under the STIP
following grant
Mike Watters 50,644 166,471
Stephen Oakenfull 39,551 121,934
Adrian Horsburgh 36,764 111,741
Donald Grant 31,249 100,927
Under the STIP, executives may receive a bonus of up to 150% of their salary, subject to the achievement of
certain performance targets. 40 per cent of such award is made in shares, deferred for two years. The awards
will vest two years from date of grant, subject only to continuous employment.
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 Tel: +44 (0) 20 3727 1000
Sweeney
rdireit@fticonsulting.com
Instinctif Partners
SA Public Relations Adviser
Frederic Cornet Tel: +27 (0) 11 447 3030
RDI@instinctif.com
JSE Sponsor
Java Capital Tel: + 27 (0) 11 722 3050
2 December 2019
Note to editors:
About RDI
RDI is an income focused UK-REIT with a diversified portfolio invested principally in the UK. The
investment approach is driven by an in depth understanding of occupational demand including the impact of
technology, transport and infrastructure investment. The portfolio has been repositioned in recent years to
increase its weighting to London and the South East and to provide greater exposure to our leading hotel and
serviced office operating platforms.
RDI is committed to delivering attractive income led total returns across the real estate cycle. The current
strategic objectives of a lower leverage capital structure and more focused allocation of capital are targeted at
delivering an industry leading and sustainable income return.
RDI is a UK Real Estate Investment Trust (UK-REIT) and holds a primary listing on the London Stock
Exchange and a secondary listing on the JSE. The Company 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
Date: 02-12-2019 12:00:00
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