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By LSE RNS

RNS Number : 3294W
Redefine International PLC
13 November 2017
 

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

 

PDMR Share Dealing

Further to the announcement on 10 November 2017, regarding the completion of the scheme of arrangement by International Hotel Properties Limited (the "Scheme"), Mike Watters and Marc Wainer have been allotted Redefine International shares, as International Hotel Properties Limited minority shareholders under the Scheme, and their shareholdings have increased as advised 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

 

Director/ C.E.O.

b)

 

Initial notification /Amendment

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Redefine International 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

 

Issue of Redefine International P.L.C. shares, fully paid up, as consideration for the acquisition of 28,316 shares in International Hotel Properties Limited from Michael Watters, under a scheme of arrangement

c)

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

 40 pence

70,790

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

70,790

 

£28,316

e)

 

Date of the transaction

 

2017-11-13

f)

 

Place of the transaction

 

Johannesburg Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Marc Wainer

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Redefine International 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

 

Issue of Redefine International P.L.C. shares, fully paid up, as consideration for the acquisition of 1,263,138 shares in International Hotel Properties Limited from Marc Wainer, under a scheme of arrangement

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

 40 pence

3,157,846

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

3,157,846

 

£1,263,138

e)

 

Date of the transaction

 

2017-11-13

f)

 

Place of the transaction

 

Johannesburg Stock Exchange

 

For further information:

Redefine International 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 Redefine International

Redefine International 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. Redefine International invests in assets with strong property fundamentals spread across UK shopping centres, UK retail parks, UK offices, UK logistics, UK hotels and German retail.

Redefine International 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 Redefine International, please refer to the Company's website www.redefineinternational.com.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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