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
  +1.80p +1.47% 124.60p 124.00p 124.60p 124.60p 120.20p 123.80p 126,374 14:03:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 112.0 97.4 4.7 26.5 474

RDI REIT PLC Director/PDMR Shareholding

26/04/2019 3:50pm

UK Regulatory (RNS & others)


Rdi Reit P.l.c (LSE:RDI)
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6 Months : From Apr 2019 to Oct 2019

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TIDMRDI

RNS Number : 2951X

RDI REIT PLC

26 April 2019

RDI REIT P.L.C.

("RDI" or the "Company")

(Registration number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00BH3JLY32

LEI: 2138006NHZUMMRYQ1745

PDMR Share Dealing

RDI, the income-focused UK-REIT, announces that Mike Watters, the CEO of RDI, has acquired 28,550 ordinary shares in the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                       Mike Watters 
      ----------------------------------------  -------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)    Position/status                           Director/CEO 
      ----------------------------------------  -------------------------------------- 
 b)    Initial notification                      Initial 
        /Amendment 
      ----------------------------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------- 
 a)    Name                                      RDI REIT P.L.C. 
      ----------------------------------------  -------------------------------------- 
 b)    LEI                                       2138006NHZUMMRYQ1745 
      ----------------------------------------  -------------------------------------- 
 4     Details of the transaction(s): section to be repeated for (i) 
        each type of instrument; (ii) each type of transaction; (iii) 
        each date; and (iv) each place where transactions have been conducted 
      -------------------------------------------------------------------------------- 
 a)    Description of the                        Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                       2138006NHZUMMRYQ1745 
 
 b)    Nature of the transaction                 Acquisition 
      ----------------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s) 
                                                 -------------------  -------------- 
                                                  Price(s)             Volume(s) 
                                                 -------------------  -------------- 
    GBP 1.28336                                                        16,000 
   -----------------------------------------------------------------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                       16,000 
 
  - Price                                   GBP 20,533.76 
 
 e)    Date of the transaction                   25 April 2019 
      ----------------------------------------  -------------------------------------- 
 f)    Place of the transaction                  London Stock Exchange 
      ----------------------------------------  -------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                         Mike Watters 
      ------------------------------------------  ------------------------------------ 
 2     Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)    Position/status                             Director/CEO 
      ------------------------------------------  ------------------------------------ 
 b)    Initial notification                        Initial 
        /Amendment 
      ------------------------------------------  ------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------- 
 a)    Name                                        RDI REIT P.L.C. 
      ------------------------------------------  ------------------------------------ 
 b)    LEI                                         2138006NHZUMMRYQ1745 
      ------------------------------------------  ------------------------------------ 
 4     Details of the transaction(s): section to be repeated for (i) 
        each type of instrument; (ii) each type of transaction; (iii) 
        each date; and (iv) each place where transactions have been conducted 
      -------------------------------------------------------------------------------- 
 a)    Description of the                          Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                         2138006NHZUMMRYQ1745 
 
 b)    Nature of the transaction                   Acquisition 
      ------------------------------------------  ------------------------------------ 
 c)    Price(s) and volume(s) 
                                                   ----------------  --------------- 
                                                    Price(s)          Volume(s) 
                                                   ----------------  --------------- 
    ZAR 23.90                                                         12,550 
   ----------------------------------------------------------------  --------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                         12,550 
 
  - Price                                     ZAR 299,945 
 
 e)    Date of the transaction                     26 April 2019 
      ------------------------------------------  ------------------------------------ 
 f)    Place of the transaction                    Johannesburg Stock Exchange 
      ------------------------------------------  ------------------------------------ 
 

For further information, please contact:

 
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,  Tel: +44 (0) 20 3727 1000 
 Ellie Sweeney 
Instinctif Partners 
SA Public Relations Adviser 
Frederic Cornet                  Tel: +27 (0) 11 447 3030 
JSE Sponsor 
Java Capital                    Tel: + 27 (0) 11 722 3050 
 

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 26.7% indexed and has a WAULT of 6.5 years to first break (8.1 years to expiry). This is complemented by an average debt maturity of 7.1 years of which over 90% 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 GBP1.6bn 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 28 February 2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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