Redefine International PLC Change of Name (4377W)

TIDMRDI

RNS Number : 4377W

Redefine International PLC

14 November 2017

REDEFINE INTERNATIONAL P.L.C.

("RDI" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

LEI: 2138006NHZUMMRYQ1745

CHANGE OF NAME

Redefine International P.L.C. is pleased to announce that, on 1 December 2017, it will be changing its name and rebranding to RDI REIT P.L.C., short for Real Estate Diversified Income REIT. The abbreviated name of the Company will change to RDI. The new brand is synonymous with our intention to become the UK's leading income focused REIT delivering superior, sustainable and growing income for our shareholders which is supported by a diversified portfolio and tenant base.

The change of name, and the new website address of www.rdireit.com will take effect from 8:00am (GMT) on Friday, 1 December 2017.

Trading on the London Stock Exchange in the Company's shares will commence under the new name of RDI REIT P.L.C. on Monday, 4 December 2017. The TIDM code of RDI will remain unchanged as will the ISIN and SEDOL.

The JSE share code of RPL will remain the same, and the salient dates and times in respect of the name change on the JSE will be as follows:

 
                                                              2017 
 Last day to trade in existing 
  shares on the JSE prior to the 
  change of name                              Tuesday, 28 November 
 Trading in the new name of RDI 
  REIT P.L.C., and abbreviated name                  Wednesday, 29 
  'RDI', on the JSE commences on                          November 
 Change of name record date                     Friday, 1 December 
 CSDP and broker accounts of dematerialised 
  shareholders are expected to be 
  updated on                                    Monday, 4 December 
-------------------------------------------  --------------------- 
 

Notes:

1. Share certificates in the name of Redefine International P.L.C. may not be dematerialised or rematerialised after Tuesday, 28 November 2017.

All current Redefine International P.L.C. share certificates, will remain valid, and will not be replaced with share certificates in the new name until required.

Mike Watters, CEO of RDI commented:

"Following a decade listed on the UK main market, we look forward to the next decade with a fresh new brand and a re-focus of our strategic priorities to support our intention to become the UK's leading income focused REIT. With the new name and brand we aim to establish a clear, independent identity, whilst maintaining some continuity by keeping reference to our UK RDI ticker. Alongside the new name we are also pleased to announce that we are relocating our London head office to 33 Regent Street, London, SW1Y 4NE on Friday, 8 December 2017."

For further information:

 
 RDI 
  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.redefineinternational.com.

14 November 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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November 14, 2017 05:45 ET (10:45 GMT)