RDI REIT PLC Delisting and Cancellation of RDI Shares (6603X)

TIDMRDI

RNS Number : 6603X

RDI REIT PLC

06 May 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

6 May 2021

RECOMMENDED CASH ACQUISITION

RDI REIT P.L.C.

SOF-12 CAMBRIDGE BIDCO LIMITED

(a newly formed company owned by Starwood Funds)

Delisting and cancellation of trading of RDI REIT Shares on the London Stock Exchange's Main Market

Further to the announcement made by RDI REIT and SOF-12 Cambridge BidCo Limited ("Bidco") on 4 May 2021, RDI REIT confirms that trading in RDI REIT Shares on the London Stock Exchange's Main Market and the listing of RDI REIT Shares on the Official List of the Financial Conduct Authority were cancelled with effect from 8.00 a.m. today, 6 May 2021. Full details of the Acquisition are set out in the scheme document published by RDI REIT on 25 March 2021 (the "Scheme Document").

Capitalised terms in this announcement, unless otherwise defined, have the meaning given to them in the Scheme Document.

Enquiries:

 
 RDI REIT                                        Tel: +44 (0) 207 811 
                                                  0100 
 Stephen Oakenfull 
  Donald Grant 
 J.P. Morgan Cazenove (Lead Financial Adviser    Tel: +44 (0) 207 742 
  and Joint Corporate Broker to RDI REIT)         4000 
 Bronson Albery 
  Celia Murray 
  Tara Morrison 
 Peel Hunt (Joint Financial Adviser and Joint    Tel: +44 (0) 20 7418 
  Corporate Broker to RDI REIT)                   8900 
 Capel Irwin 
  Carl Gough 
  Michael Nicholson 
  James Britton 
 Java Capital Proprietary Limited (JSE Sponsor   Tel: +27 11 722 3075 
  and Corporate Adviser to RDI REIT) 
 Kevin Joselowitz 
  Jean Tyndale- Biscoe 
 FTI Consulting (PR adviser to RDI REIT)         Tel: +44 (0) 20 3727 
                                                  1000 
 Dido Laurimore 
  Claire Turvey 
  rdireit@fticonsulting.com 
 Instinctif Partners (South Africa PR adviser    Tel: +27 (0) 11 447 
  to RDI REIT)                                    3030 
 Frederic Cornet 
  RDI@instinctif.com

Financial Advisers

J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United Kingdom by the PRA and regulated by the PRA and the FCA. J.P. Morgan Cazenove is acting as financial adviser exclusively for RDI REIT and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the Acquisition and will not be responsible to anyone other than RDI REIT for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in connection with the Acquisition or any matter referred to herein.

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser exclusively for RDI REIT and for no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than RDI REIT for providing the protections afforded to clients of Peel Hunt or for providing advice in connection with the Acquisition or any matter referred to herein.

Java Capital Proprietary Limited and Java Capital Trustees and Sponsors Proprietary Limited ("Java Capital"), which are authorised and regulated in South Africa by the JSE, are acting as JSE sponsor and corporate advisor exclusively for RDI REIT and for no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than RDI REIT for providing the protections afforded to clients of Java Capital or for providing advice in connection with the Acquisition or any matter referred to herein.

Eastdil Secured International Limited ("Eastdil Secured"), which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively as financial adviser for Bidco and Starwood and no one else in connection with the Acquisition and other matters set out in this announcement and will not be responsible to anyone other than Bidco and Starwood for providing the protections afforded to clients of Eastdil Secured, or for providing advice in connection with the Acquisition, the content of this announcement or any matter referred to herein. Neither Eastdil Secured nor any of its subsidiaries, affiliates or branches owes or accepts any duty, liability or responsibility whatsoever (whether direct, indirect, consequential, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Eastdil Secured in connection with the Acquisition, this announcement, any statement or other matter or arrangement referred to herein or otherwise.

PUBLICATION ON WEBSITE AND AVAILABILITY OF HARD COPIES

This announcement will be available free of charge by no later than 12:00 p.m. (London time) on the Business Day following the date of publication of this announcement, subject to any applicable restrictions relating to persons resident in Restricted Jurisdictions, on the following websites:

   --             www.projectcambridge.com 
   --             www.rdireit.com

Save where expressly stated in this announcement, neither the contents of Bidco's website, nor those of RDI REIT's website, nor those of any other website accessible from hyperlinks on either Bidco's or RDI REIT's website are incorporated into or form part of this announcement.

You may request a hard copy of this announcement by contacting RDI REIT's Company Secretary during business hours on +44 (0)207 811 0100 or by submitting a request in writing to info@rdireit.com. For persons that receive a copy of this announcement and any such information incorporated by reference in it electronically, it is important that you note that unless you make such a request, a hard copy of this announcement and any such information incorporated by reference in it will not be sent to you. You may also request that all future documents, announcements and information be sent to you in relation to the Acquisition should be in hard copy form.

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May 06, 2021 03:05 ET (07:05 GMT)

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