RDI REIT PLC PDMR Share Dealing (5589G)

TIDMRDI

RNS Number : 5589G

RDI REIT PLC

24 July 2019

RDI REIT P.L.C.

("RDI" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00BH3JLY32

LEI: 2138006NHZUMMRYQ1745

PDMR Share Dealing

RDI advises that, on 18 July 2019, Ellwain Investments (PTY) Limited ("Ellwain") received a dividend in specie from the RBH Hotel Group Limited of 55,445 ordinary shares in RDI. Marc Wainer is a 50% shareholder in Ellwain and a Non-executive Director of RDI.

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                        Marc Wainer 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
     --------------------------  --------------------------------------------- 
 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          Shares 
       financial instrument, 
       type of instrument 
                                   2138006NHZUMMRYQ1745 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   RBH Hotel Group Limited distributed 
                                   a dividend in specie to Ellwain Investments 
                                   (PTY) Limited, of which Marc Wainer 
                                   is a 50% shareholder 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)       Volume(s) 
                                     111.80pence    27,723 
                                                   ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          27,723 
 
 
       - Price                      GBP30,994.31 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     2019-07-18 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  --------------------------------------------- 
 

For further information:

 
RDI REIT P.L.C. 
Mike Watters, Stephen Oakenfull               Tel: [phone] 
                                               0100 
 
FTI Consulting 
UK Public Relations Adviser 
Dido Laurimore, Claire Turvey, Ellie Sweeney  Tel: [phone] 
                                               1000 
Instinctif Partners 
SA Public Relations Adviser 
Frederic Cornet                               Tel: [phone] 
                                               3030 
JSE Sponsor 
Java Capital                                  Tel: + 27 (0) 11 
                                               722 3050 
 

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

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 [e-mail] or visit www.rns.com.

END

DSHRIMPTMBJTMRL

(END) Dow Jones Newswires

July 24, 2019 05:00 ET (09:00 GMT)