RDI Rdi Reit P.l.c.

TIDMRDI

RNS Number : 8695W

RDI REIT PLC

28 April 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

28 April 2021

RDI REIT P.L.C. ("RDI REIT")

Application for admission of shares

Further to the announcement made by RDI REIT earlier today that the Court had sanctioned the Scheme of Arrangement (the "Scheme"), entered into between the RDI REIT and SOF-12 Cambridge BidCo Limited ("Bidco"), RDI REIT announces that applications have been made to the Financial Conduct Authority (the "FCA") and the London Stock Exchange (the "LSE") for 880,980 ordinary shares of 40 pence each in the capital of the Company (the "New Issue Shares") to be admitted to the premium listing segment of the FCA's Official List and for admission to trading on the main market of the LSE, respectively ("Admission").

The New Issue Shares are being issued and allotted to satisfy the vesting of awards pursuant to certain share plans as listed below:

   (a)        the RDI REIT Long Term Performance Share Plan; 
   (b)        the RDI REIT Restricted Stock Plan; and 
   (c)        the RDI REIT Executives Short Term Incentive Plan 

The New Issue Shares shall rank pari passu with the existing issued ordinary shares. It is expected that Admission will take place at 8.00 a.m on 29 April 2021 (London time). The New Issue Shares will be listed on the Main Board of the JSE with effect from 9.00 a.m. on 29 April 2021 (South African standard time).

Enquiries:

 
 RDI REIT       Tel: +44 (0) 207 811 
                 0100 
 Lisa Hibberd 
 
 

DISCLOSURE REQUIREMENTS OF THE TAKEOVER CODE

Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the Offer Period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th Business Day following the commencement of the Offer Period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th Business Day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Takeover Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the Business Day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3 of the Takeover Code.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4 of the Takeover Code).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk , including details of the number of relevant securities in issue, when the Offer Period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

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April 28, 2021 07:25 ET (11:25 GMT)

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