2 Dec 2019 10:00
RDI REIT P.L.C.
("RDI" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745
PDMR Share Dealing
Further to the announcement on 29 November 2019, regarding the vesting of deferred bonus share awards to the executive directors under the Company's STIP, each of the participants has today been issued with the shares shown below.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mike Watters | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO | ||||
b)
| Initial notification /Amendment
| Initial | ||||
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 the financial instrument, type of instrument
Identification code
| Shares
2138006NHZUMMRYQ1745
| ||||
b)
| Nature of the transaction
| Vesting of deferred bonus awards | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
95,258
£121,358.69 | ||||
e)
| Date of the transaction
| 2019-12-02 | ||||
f)
| Place of the transaction
| Off market transaction
| ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Stephen Oakenfull | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Deputy CEO | ||||
b)
| Initial notification /Amendment
| Initial | ||||
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 the financial instrument, type of instrument
Identification code
| Shares
2138006NHZUMMRYQ1745
| ||||
b)
| Nature of the transaction
| Vesting of deferred bonus awards | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
37,264
£47,474.34 | ||||
e)
| Date of the transaction
| 2019-12-02 | ||||
f)
| Place of the transaction
| Off market transaction
| ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Adrian Horsburgh | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Property Director | ||||
b)
| Initial notification /Amendment
| Initial | ||||
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 the financial instrument, type of instrument
Identification code
| Shares
2138006NHZUMMRYQ1745
| ||||
b)
| Nature of the transaction
| Vesting of deferred bonus awards | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
61,662
£78,557.39 | ||||
e)
| Date of the transaction
| 2019-12-02 | ||||
f)
| Place of the transaction
| Off market transaction
| ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Donald Grant | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CFO | ||||
b)
| Initial notification /Amendment
| Initial | ||||
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 the financial instrument, type of instrument
Identification code
| Shares
2138006NHZUMMRYQ1745
| ||||
b)
| Nature of the transaction
| Vesting of deferred bonus awards | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
31,516
£40,151.38 | ||||
e)
| Date of the transaction
| 2019-12-02 | ||||
f)
| Place of the transaction
| Off market transaction
| ||||
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 | Tel: +27 (0) 11 447 3030
|
JSE Sponsor | |
Java Capital | Tel: + 27 (0) 11 722 3050 |
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