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