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RDI REIT PLC - Finalisation announcement in respect of the cash dividend for the year ended 31 August 2020

Release Date: 24/11/2020 09:00
Code(s): RPL     PDF:  
Wrap Text
Finalisation announcement in respect of the cash dividend for the year ended 31 August 2020

(“RDI” or the “Company”)
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
LEI: 2138006NHZUMMRYQ1745


RDI shareholders are referred to the announcement released on 5 November 2020 regarding the interim
dividend of 5.00 pence per share in respect of the year ended 31 August 2020 (the “cash dividend”).

Shareholders are advised that the GBP to Rand conversion rate is 20.29000. Accordingly, the Rand
equivalent of the cash dividend of 5.00 pence is 101.45000 ZAR cents.

Shareholders will receive the cash dividend as a Property Income Distribution (“PID”), calculated as

                                            Shareholders on the                    Shareholders on the
                                      UK share register (pence)              SA share register (cents)
PID element (gross)                                        5.00                              101.45000
Less 20% UK withholding tax*                               1.00                               20.29000
PID element (net of 20%)                                   4.00                               81.16000
Less 5% SA withholding tax**                                N/A                                5.07250
PID element (net of 25%)                                    N/A                               76.08750

* Certain categories of UK shareholders may apply for exemption, in which case the PID element will be 
paid gross.

**  A 5% rebate is reclaimable from the UK’s HM Revenue & Customs, resulting in an effective UK withholding 
    tax rate of 15%. Therefore, an additional 5% South African withholding tax is to be deducted by the 
    relevant regulated intermediary on all cash PIDs paid to persons who are not exempt from dividends tax 
    in South Africa and paid to the South African Revenue Service on the beneficial owner’s behalf. 
    As a result, the initial withholding tax rate on cash PIDs for non-exempt South African  shareholders 
    will be 25%.

The cash dividend will be paid out of the Company’s operating profits.

The salient dates for payment of the cash dividend published in the announcement dated 5 November 2020,
remain unchanged.

As at the date of this announcement, the Company has 380 315 623 ordinary shares of 40 pence each in

For further information:

Stephen Oakenfull, 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

Instinctif Partners
SA Public Relations Adviser
Frederic Cornet                                              Tel: +27 (0) 11 447 3030

JSE Sponsor
Java Capital                                                Tel: + 27 (0) 11 722 3050

24 November 2020

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

Date: 24-11-2020 09:00:00
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