RDI REIT PLC Posting of AR, Notice of AGM and Changes to Board (0251X)
17 Dicembre 2019 - 8:00AM
UK Regulatory
TIDMRDI
RNS Number : 0251X
RDI REIT PLC
17 December 2019
RDI REIT P.L.C.
("RDI" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745
Posting of the Annual Report and Notice of Annual General
Meeting
Changes to the Board and No Change Statement
RDI, the income-focused UK-REIT, is pleased to announce that the
following documents have been sent to shareholders today: -
- the Annual Report incorporating the audited financial
statements for the year ended 31 August 2019 (the "Annual
Report");
- the notice of the Annual General Meeting to be held on 23 January 2020 ("AGM"); and
- the form of proxy in respect of the AGM
(together, the "Documents").
The AGM will be held at 20 St Dunstan's Hill, London, EC3R 8HL
on Thursday, 23 January 2020 at 11.00am (UK time). The record date
to attend and vote at the AGM will be close of business on Friday,
17 January 2020 for shareholders on the South African register, and
close of business on Tuesday, 21 January 2020 for shareholders on
the UK register.
As noted in the Annual Report, the structure of the Board has
been under review and, arising from this, three of the current
Directors will not be standing for re-election at the AGM.
Marc Wainer will retire as a director of RDI following his
retirement from the Board of Redefine Properties Limited ("RDF") in
August 2019 and will not be replaced. We offer our thanks to Marc
for his considerable contribution during his eight-year tenure.
Pieter Prinsloo will act as RDF's sole representative on the RDI
Board and Andrew Konig, a Director of RDF, will be appointed his
alternate with effect from 23 January 2020.
Stephen Oakenfull and Adrian Horsburgh will step down as members
of the Board but will retain their roles and titles as Deputy CEO
and Property Director, respectively, on the executive committee.
This will result in the RDI Board comprising seven directors, which
better reflects the current size of the Company. The changes will
improve the balance between independent and non-independent
directors, aligning the composition of the Board with the
requirements of the 2018 UK Corporate Governance Code, whilst also
improving Board diversity.
Please note that the Annual Report contains no material changes
to the results for the year ended 31 August 2019 as released on RNS
and SENS on 24 October 2019.
Copies of the Documents will be submitted to the National
Storage Mechanism in the UK and will shortly be available for
inspection at: http://www.morningstar.co.uk/uk/NSM and can also be
viewed on the Company's website, www.rdireit.com
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, Tel: +44 (0) 20 3727 1000
Ellie 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
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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