1 Sep 2016 07:00
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
NOTICE OF RESULTS FOR THE YEAR ENDED 31 AUGUST 2016
Redefine International, the FTSE 250 income focused UK-REIT, will announce its preliminary results for the year ended 31 August 2016 on Thursday, 27 October 2016.
There will be a presentation and a live webcast for analysts at 9.00am (UK time), 10.00am (SA time) on 27 October 2016, which can be accessed via the homepage of the Company's website: www.redefineinternational.com.
Conference call dial in numbers
United Kingdom Local: 020 3059 8125
South Africa Local: 0318 197 008 or 0800 999 282
All other locations: +44 20 3059 8125
Confirmation Code: Redefine
For further information:
Redefine International P.L.C. Michael Watters, Stephen Oakenfull, Janine Ackermann | Tel: +44 (0) 20 7811 0100 |
FTI Consulting - UK Public Relations Adviser Dido Laurimore, Claire Turvey, Ellie Sweeney | Tel: +44 (0) 20 3727 1000 |
FTI Consulting - SA Public Relations Adviser Max Gebhardt | Tel: +27 (0) 11 214 2402 |
JSE Sponsor Java Capital |
Tel: +27 (0) 11 722 3050 |
Note to editors:
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. Our income driven total returns are underpinned by a diversified portfolio, together with an efficient capital structure.
The continued transformation of both our corporate structure and asset base offer a solid foundation to drive further value. Our opportunistic investment philosophy is to effectively allocate recycled capital from mature assets into sectors and locations with strong occupier fundamentals and individual assets with realisable upside.
Our diversified portfolio, independently valued at £1.5 billion, is focused in Europe's two strongest economies, being the United Kingdom and Germany. The portfolio is weighted towards well located properties across a range of sectors, including retail, offices, distribution and hotels, 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.
Currently our secure income stream is supported by a diversified portfolio and tenant base, with a WAULT of 8.1 years complemented by an average debt maturity of 7.4 years of which over 90% of interest costs are either fixed or capped.
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.