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 : 1147I
Redefine International PLC
15 June 2017
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 28 April 2017 regarding the election being offered to Redefine International shareholders to receive the interim dividend of 1.3 pence per share in respect of the six months ended 28 February 2017 as either a cash dividend or a scrip 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").
The Company is pleased to announce that election forms for 522,190,735 ordinary shares of 8 pence each in the Company ("Ordinary Shares") have been received, representing a 28.8 per cent take up by shareholders, for which 16,320,324 Scrip Dividend shares are to be issued, being 0.9 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, 26 June 2017.
This announcement is being made ahead of the proposed schedule, prior to Admission.
Following Admission, the total number of voting rights will be 1,828,060,146 ("ISC"). No Ordinary Shares are held in treasury. The figure of 1,828,060,146 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 ------------------ --------------- --------- ----------------- --------- Adrian Horsburgh 1,842 0.000 62,189 0.003 Bernard Nackan 619 0.000 20,911 0.001 ------------------ --------------- --------- ----------------- ---------
For further information:
Redefine International P.L.C. Mike Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100 FTI Consulting UK Public Relations Adviser Dido Laurimore, Claire Turvey, Ellie Tel: +44 (0) 20 Sweeney 3727 1000 Instinctif Partners SA Public Relations Adviser Frederic Cornet, Lizelle du Toit Tel: +27 (0) 11 447 3030 Java Capital JSE Sponsor Tel: +27 (0) 11 722 3050
Note to editors:
About Redefine International
Redefine International is an income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to delivering superior distributions to its shareholders throughout the property cycle.
The Company's income driven total returns are underpinned by a diversified portfolio, together with an efficient capital structure. The continued transformation of both the corporate structure and asset base offer a solid foundation to drive further value. At 28 February 2017, the diversified 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 a range of sectors, including retail, offices, distribution and hotels, which benefit from strong demand and from which they can capture income and value growth by attracting high calibre occupiers on long leases. The Company's investment philosophy is to effectively allocate recycled capital from mature assets into sectors and locations with strong occupier fundamentals and individual assets with realisable upside.
The secure income stream is supported by a diversified portfolio and tenant base, with a WAULT of 7.5 years complemented by an average debt maturity of 6.8 years of which 97% of interest costs are either fixed or capped. The Company is focused on all aspects impacting shareholder distributions and boasts one of the lowest cost ratios in the industry whilst continuously driving lower cost of debt.
Redefine International 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 and GPR indices.
For more information on Redefine International, please refer to the Company's website www.redefineinternational.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TVRLLFEERIISLID
(END) Dow Jones Newswires
June 15, 2017 02:00 ET (06:00 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