Wrap Text
Admission of new ordinary shares following vesting of share awards
RDI REIT P.L.C.
(“RDI” or the “Company”)
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745
ADMISSION OF NEW ORDINARY SHARES FOLLOWING VESTING OF SHARE AWARDS
On 29 November 2019, deferred bonus awards made to executive directors under the Company’s STIP (which
was approved by shareholders at the Annual General Meeting held on 23 January 2017) vested in full. The
vesting price per ordinary share was 127.40p
The ordinary shares were issued to participants for nil consideration and for certain individual directors,
a number of shares were settled by the Company in cash to meet tax and national insurance liabilities. The
number of new ordinary shares in RDI issued to each executive director (the “New Shares”) is set out below:
Director/PDMR 40p Ordinary Number of Shares New Shares issued
Shares vested settled in cash on 2 Dec 2019
Mike Watters 95,258 - 95,258
Stephen Oakenfull 67,753 30,489 37,264
Adrian Horsburgh 61,662 - 61,662
Donald Grant 57,301 25,785 31,516
Total 281,974 56,274 225,700
Executive Directors Interests
Following the issue of the New Shares, executive directors’ interests in RDI shares are as follows:
Name Total holding after the Percentage of issued
issue of New Shares share capital
Mike Watters 1,446,129 0.38
Stephen Oakenfull 161,971 0.04
Adrian Horsburgh 74,498 0.02
Donald Grant 46,516 0.01
Total 1,729,114 0.45
Total Voting Rights
An application has been made for the admission of 225,700 New Shares to the Premium Segment of the
Official List and to trading on the London Stock Exchange's main market for listed securities, (“Admission”).
Admission is expected to take place at 8.00 a.m. (UK time) on 2 December 2019. The New Shares will be
listed on the Main Board of the JSE with effect from 9.00 a.m. on 2 December 2019 (South African time).
Following Admission, the total number of voting rights will be 380,315,623. No ordinary shares are held in
treasury. The figure of 380,315,623 ordinary shares in the Company may be used by shareholders as the
denominator for the calculations by which they will determine if they are required to notify their interest in,
or a change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.
For further information:
RDI REIT P.L.C.
Mike Watters, Donald Grant Tel: +44 (0) 20 7811 0100
FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie Tel: +44 (0) 20 3727 1000
Sweeney
rdireit@fticonsulting.com
Instinctif Partners
SA Public Relations Adviser
Frederic Cornet Tel: +27 (0) 11 447 3030
RDI@instinctif.com
JSE Sponsor
Java Capital Tel: + 27 (0) 11 722 3050
29 November 2019
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
Date: 29-11-2019 11:30:00
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