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26 Jan 2018 13:00
RDI REIT P.L.C.
("RDI" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
LEI: 2138006NHZUMMRYQ1745
Changes to the Board Committees
RDI, the FTSE 250 income-focused UK-REIT, announces that it has made the following appointments to the Board Committees: -
· Liz Peace, an independent Non-executive Director, has been appointed to the Corporate Social Responsibility Committee; and
· Robert Orr, an independent Non-executive Director, has been appointed to the Nominations Committee, to assist with the search for a new Chairman, following the announcement on 15 December 2017 that Greg Clarke intends to step down from the Board during 2018.
The appointments are effective from 25 January 2018.
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, Ellie Sweeney
|
Tel: +44 (0) 20 3727 1000 |
Instinctif Partners SA Public Relations Adviser Frederic Cornet, Lizelle du Toit
|
Tel: +27 (0) 11 447 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 £1.5bn 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
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