5 September 2016
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
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.
Redefine International Tel: +44 (0) 20 7811 0100
FTI Consulting Tel: +44 (0) 20 3727 1000
UK Public Relations Adviser
FTI Consulting Tel: + 27 (0) 11 214 2402
SA Public Relations Adviser
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 £1.5 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