We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rdi Reit P.l.c. | LSE:RDI | London | Ordinary Share | IM00BH3JLY32 | ORD 40P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 121.20 | 121.20 | 121.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRDI
RNS Number : 1116Q
Redefine International PLC
25 November 2016
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
RESULTS OF DIVIDEND ELECTION
Redefine International shareholders are referred to the announcement released on 27 October 2016, and the subsequent finalisation announcement released on 8 November 2016, wherein they were advised that the board of directors of the Company (the "board") had approved a second interim dividend of 1.575 pence per share in respect of the year ended 31 August 2016 (the "dividend"), with the board offering shareholders the election to receive a dividend by way of an issue of new Redefine International shares (of the same class as existing shares) credited as fully paid up ("scrip dividend").
Of the total dividend of 1.575 pence to be paid, whether as a cash dividend or scrip dividend: -
- 1.1025 pence (70%) will comprise a property income distribution ("PID"), subject to a deduction of 20% UK withholding tax unless exemptions apply; and
- 0.4725 pence (30%) will comprise a non-PID, which will be treated as an ordinary UK company dividend, with no withholding tax deducted.
The Company is pleased to announce that election forms for 489,086,495 ordinary shares of 8 pence each in the Company ("ordinary shares") have been received, representing a 27.3% take up by shareholders, for which 17,141,172 scrip dividend shares are to be issued, being approximately 0.96% 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, 12 December 2016.
This announcement is being made ahead of the proposed schedule, prior to Admission.
Following Admission, the total number of voting rights will be 1,811,739,822 ("ISC"). No ordinary shares are held in treasury. The figure of 1,811,739,822 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 and Transparency Rules.
The following Directors and Persons Closely Associated have informed the Company that they have elected to take up the Scrip Dividend Shares:
Scrip dividend shares Party allotted % of ISC New shareholding % of ISC ------------------ ---------------------- --------- ----------------- --------- Bernie Nackan 682 0.000 20,292 0.001 Adrian Horsburgh 347 0.000 10,347 0.000 ------------------ ---------------------- --------- ----------------- ---------
For further information:
Redefine International P.L.C.
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
FTI Consulting
SA Public Relations Adviser
Max Gebhardt Tel: + 27 (0) 11 214 2402
JSE Sponsor
Java Capital Tel: + 27 (0) 11 722 3050
Redefine International is an opportunistic, income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to delivering superior distributions to its shareholders throughout the property cycle. Our income driven total returns are underpinned by a diversified portfolio, together with an efficient capital structure.
The property portfolio, independently valued at GBP1.5 billion, is focused in Europe's two strongest economies, being the United Kingdom and Germany. The portfolio is weighted towards well-located properties across retail, commercial and hotel sectors, which benefit from strong demand and from which we believe we can capture income and value growth by attracting high calibre occupiers on long leases.
We hold a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange and are included within the FTSE 250 and EPRA indices.
www.redefineinternational.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFSELSLSFIR
(END) Dow Jones Newswires
November 25, 2016 02:00 ET (07:00 GMT)
1 Year Rdi Reit P.l.c Chart |
1 Month Rdi Reit P.l.c Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions