Redefine International PLC Response to Redefine Properties exchangeable bond (9426I)
September 05 2016 - 4:25AM
UK Regulatory
TIDMRDI
RNS Number : 9426I
Redefine International PLC
05 September 2016
5 September 2016
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
Response to Redefine Properties Limited launch of exchangeable
bond
Redefine International, the FTSE 250 income focused UK-REIT
notes the announcement made by Redefine Properties Limited
("Redefine Properties") released at 7am (UK time) this morning in
respect of the issuance of EUR 150 million secured bonds
exchangeable into shares of Redefine International (the
"Exchangeable Bond").
Redefine Properties is listed on the Johannesburg Stock Exchange
and currently has a 30.07 per cent. interest in Redefine
International. The Exchangeable Bond is being independently issued
by Redefine Properties and Redefine International has not been
involved in the issuance. The Exchangeable Bond has no impact on
the capital structure, business plan or strategy for Redefine
International.
The Redefine Properties Limited announcement is available on
Bloomberg and will be available on their website at
http://www.redefine.co.za/ later today.
Further enquiries:
Redefine International Tel: +44 (0) 20 7811 0100
Michael Watters
Stephen Oakenfull
FTI Consulting Tel: +44 (0) 20 3727 1000
UK Public Relations Adviser
Dido Laurimore
Claire Turvey
Ellie Sweeney
FTI Consulting Tel: + 27 (0) 11 214 2402
SA Public Relations Adviser
Max Gebhardt
Trevor Jones
Note to editors:
About Redefine International
Redefine International is an opportunistic, income focused FTSE
250 UK Real Estate Investment Trust (UK-REIT) committed to
delivering superior distributions to its shareholders throughout
the property cycle, enabled by a diversified portfolio.
Our income driven total returns are underpinned by a quality and
segmented portfolio, together with an efficient capital structure.
We are committed to delivering superior distributions to our
shareholders, as is evidenced in our proven track record in
delivering market-leading dividends throughout the property
cycle.
The property portfolio, independently valued at GBP1.5 billion,
is focused in Europe's two strongest economies, being the United
Kingdom and Germany, within the retail, commercial and hotel
sectors. The portfolio is weighted towards well-located properties
across a range of asset classes, which benefit from strong demand
and from which we believe we can capture income and value growth by
attracting high calibre occupiers on long leases.
We hold a primary listing on the London Stock Exchange and a
secondary listing on the Johannesburg Stock Exchange and are
included within the FTSE 250 and EPRA 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
END
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