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RDI Rdi Reit P.l.c.

121.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

RDI REIT PLC Grant of Contingent Awards and PDMR Sharedealing (2833C)

18/01/2018 12:45pm

UK Regulatory


Rdi Reit P.l.c (LSE:RDI)
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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

END

DSHBPMBTMBABBFP

(END) Dow Jones Newswires

January 18, 2018 07:45 ET (12:45 GMT)

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