– UK, Douglas – Redefine International, the FTSE 250 UK Real Estate Investment Trust announces the following changes to the Board with effect from 3 August 2015.
Donald Grant has been appointed as the Company’s new Chief Financial Officer, as previously announced on 30 April 2015.
Elisabeth Stheeman, an independent non-executive director, is stepping down from the Board due to the emergence of a potential conflict of interest relating to another role.
The Board would like to thank her for her service and wish her well in the future.
Redefine International (RDI) is a FTSE 250 income focused UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.
The Group invests in large, well developed economies with established and transparent real estate markets. Within these markets, Redefine International’s £1 billion investment portfolio provides diversified exposure to the commercial, industrial, retail and hotel sectors.
Redefine International is focused on delivering sustainable and growing income to shareholders through investment in income yielding assets let to high quality occupiers on long leases. Capital values are enhanced and protected by asset management and other low capex development activities.
As a UK-REIT, the Group aims to distribute the majority of its earnings available for distribution on a semi-annual basis, providing investors with attractive income returns as well as exposure to capital growth opportunities.
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