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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRDI
RNS Number : 2833C
RDI REIT PLC
18 January 2018
RDI REIT P.L.C.
("RDI" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
LEI: 2138006NHZUMMRYQ1745
GRANT OF CONTINGENT AWARDS UNDER LONG TERM PERFORMANCE SHARE PLAN
AND PDMR SHAREDEALING
RDI, the FTSE 250 income focused UK Real Estate Investment Trust ("UK-REIT"), announces that contingent share awards have been granted to certain executive directors under the RDI Long Term Performance Share Plan ("PSP"), which was approved by shareholders in November 2013, and forms part of the Company's New Remuneration Policy, which was approved by shareholders at the Annual General Meeting held on 23 January 2017.
Each of the following executive directors and persons discharging managerial responsibility ("PDMR") have, on 18 January 2018, been granted contingent share awards over the number of ordinary shares in RDI under the terms of the PSP, as set out below:
Director/PDMR Number of PSP shares Total number of awarded on 18 January shares held as 2018 awards under the PSP following grant Mike Watters 1,954,023 5,350,978 Stephen Oakenfull 1,389,805 3,588,989 Adrian Horsburgh 1,264,868 3,464,052 Donald Grant 1,175,412 3,269,874
The awards will vest three years from date of grant, subject to continued employment and the satisfaction of performance targets. The figures above reflect the maximum number of shares that could vest. The actual number that will vest will depend on the extent to which the performance targets are satisfied over the performance period. No consideration was paid for any of the awards and no consideration is due on vesting. This notification is made in accordance with DTR 3.1.4R (1)(a).
In addition to the above contingent awards, the following executive directors have acquired additional shares in the Company, the details of which are shown below: -
Mike Watters Donald Grant Position Chief Executive Chief Financial Officer Officer Shares Acquired 67,000 25,000 Acquisition GBP0.3594 GBP0.3595 Price Aggregate Price GBP24,079.80 GBP8,987.50 Place LSE LSE Date 17/01/2018 16/01/2018 Total Shareholding in RDI 6,653,428 75,000 % of Issued 0.35% Less than 0.01% Share Capital
For further information:
RDI REIT P.L.C. Mike Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100 FTI Consulting UK Public Relations Adviser Dido Laurimore, Claire Turvey, Tel: +44 (0) 20 Ellie Sweeney 3727 1000 Instinctif Partners SA Public Relations Adviser Frederic Cornet, Lizelle du Tel: +27 (0) 11 Toit 447 3030 Java Capital JSE Sponsor Tel: +27 (0) 11 722 3050
Note to editors:
About RDI
RDI is a FTSE 250 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 39% indexed and has a WAULT of 7.4 years to first break (8.5 years to expiry). This is complemented by an average debt maturity of 7.3 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. All figures as at 31 August 2017.
The Company owns properties independently valued at GBP1.5bn in the United Kingdom and Germany, Europe's two largest and most transparent property markets. RDI invests in assets with strong property fundamentals spread across UK shopping centres, UK retail parks, UK offices, UK logistics, UK hotels and German retail.
RDI 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 RDI, please refer to the Company's website www.rdireit.com
1 Details of the person discharging managerial responsibilities / person closely associated --- ------------------------------------------------------ a) Name Mike Watters --- ------------------------- --------------------------- 2 Reason for the notification --- ------------------------------------------------------ a) Position/status Director/C.E.O. --- ------------------------- --------------------------- 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 Shares the financial instrument, type of instrument 2138006NHZUMMRYQ1745 Identification code --- ------------------------- --------------------------- b) Nature of the Acquisition of shares transaction --- ------------------------- --------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ------------- ---------- 35.94 pence 67,000 ------------- ---------- --- ------------------------- --------------------------- d) Aggregated information - Aggregated volume 67,000 - Price GBP24,079.80 --- ------------------------- --------------------------- e) Date of the transaction 2018-01-17 --- ------------------------- --------------------------- f) Place of the transaction London Stock Exchange --- ------------------------- --------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- ------------------------------------------------------- a) Name Donald Grant --- ------------------------- ---------------------------- 2 Reason for the notification --- ------------------------------------------------------- a) Position/status Director/Chief Financial Officer --- ------------------------- ---------------------------- 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 Shares the financial instrument, type of instrument 2138006NHZUMMRYQ1745 Identification code --- ------------------------- ---------------------------- b) Nature of the Acquisition of shares transaction --- ------------------------- ---------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ------------- ---------- 35.95 pence 25,000 ------------- ---------- --- ------------------------- ---------------------------- d) Aggregated information - Aggregated volume 25,000 - Price GBP8,987.50 --- ------------------------- ---------------------------- e) Date of the transaction 2018-01-16 --- ------------------------- ---------------------------- f) Place of the transaction London Stock Exchange --- ------------------------- ----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
January 18, 2018 07:45 ET (12:45 GMT)
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