TIDMRDI

RNS Number : 1920H

RDI REIT PLC

02 December 2020

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 1 December 2020, regarding the vesting of deferred bonus share awards to the executive Directors and Persons Discharging Managerial Responsibility ("PDMR") 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           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 the             Shares 
       financial instrument, 
       type of instrument 
                                      2138006NHZUMMRYQ1745 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Vesting of deferred bonus awards 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)      Volume(s) 
                                        92.8 pence    115,827 
                                                     ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume             115, 827 
 
                                       GBP107,487 
       - Price 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        2020-12-02 
     -----------------------------  ------------------------------------ 
 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           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 the             Shares 
       financial instrument, 
       type of instrument 
                                      2138006NHZUMMRYQ1745 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Vesting of deferred bonus awards 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)      Volume(s) 
                                        92.8 pence    45,311 
                                                     ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume             45,311 
 
                                       GBP42,049 
       - Price 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        2020-12-02 
     -----------------------------  ------------------------------------ 
 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           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 the             Shares 
       financial instrument, 
       type of instrument 
                                      2138006NHZUMMRYQ1745 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Vesting of deferred bonus awards 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)      Volume(s) 
                                        92.8 pence    74,977 
                                                     ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume             74,977 
 
 
       - Price                         GBP69,579 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        2020-12-02 
     -----------------------------  ------------------------------------ 
 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           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 the             Shares 
       financial instrument, 
       type of instrument 
                                      2138006NHZUMMRYQ1745 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Vesting of deferred bonus awards 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)      Volume(s) 
                                        92.8 pence    38,323 
                                                     ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume             38,323 
 
                                       GBP35,564 
       - Price 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        2020-12-02 
     -----------------------------  ------------------------------------ 
 f)   Place of the transaction       Off market transaction 
     -----------------------------  ------------------------------------ 
 

For further information:

 
RDI REIT P.L.C. 
Stephen Oakenfull, Donald Grant  Tel: +44 (0) 20 7811 
                                  0100 
FTI Consulting 
UK Public Relations Adviser 
Dido Laurimore, Claire Turvey    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 Real Estate Investment Trust (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 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 

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END

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December 02, 2020 04:00 ET (09:00 GMT)

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