Real Estate Investors
Plc
("REI" or
the "Company")
Director/PDMR
Shareholdings
Real Estate Investors Plc (AIM:RLE),
the UK's only Midlands-focused Real Estate Investment Trust (REIT),
with a portfolio of commercial property across all
sectors, announces that further to the announcement on 9 May
2024 of the vesting of share awards to Paul Bassi (Chief Executive)
in respect of 264,264 ordinary shares of 10p each ("Ordinary
Shares") and Marcus Daly (Finance Director) in respect of 165,165
Ordinary Shares, on 9 May 2024, these directors exercised their
right to acquire such Ordinary Shares for nil
consideration.
These Ordinary Shares, together with
a further 108,108 Ordinary Shares in relation to share awards to
other employees, have been issued and allotted by the Company.
Application has been made to the London Stock Exchange for
the admission of 537,537 new Ordinary Shares to trading on AIM
("Admission"). Admission is expected to occur on or around
8.00 a.m. on 16 May 2024.
Following Admission, the Company's
issued share capital will comprise 174,381,971 Ordinary Shares with
26 Ordinary Shares held in treasury. Therefore the total number of
voting rights in the Company is 174,381,945. This figure may
be used by shareholders in the Company as the denominator for the
calculation by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure, Guidance and Transparency
Rules.
Following Admission, Paul Bassi will
be interested in 16,892,835 Ordinary Shares (representing 9.69% of
the Company's issued ordinary share capital) and Marcus Daly will
be interested in 4,071,509 Ordinary Shares (representing 2.33% of
the Company's issued ordinary share capital).
The notifications below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provide further detail.
Enquiries:
|
Real Estate Investors Plc
Paul Bassi/Marcus Daly
|
+44 (0)121 212 3446
|
|
Cavendish Capital Markets Limited (Nominated
Adviser)
Katy Birkin/Ben Jeynes
|
+44 (0)20 7220 0500
|
|
Liberum (Broker)
Jamie Richards/William
King
|
+44 (0)20 3100 2000
|
About Real Estate Investors Plc
Real Estate Investors Plc is a
publicly quoted, internally managed property investment company and
REIT with a portfolio of mixed-use commercial property, managed by
a highly-experienced property team with over 100 years of combined
experience of operating in the Midlands property market across all
sectors. The Company's strategy is to invest in well located,
real estate assets in the established and proven markets across the
Midlands, with income and capital growth potential, realisable
through active portfolio management, refurbishment, change of use
and lettings. The portfolio has no material reliance on a
single asset or occupier. On 1st January 2015, the Company
converted to a REIT. Real Estate Investment Trusts are listed
property investment companies or groups not liable to corporation
tax on their rental income or capital gains from their qualifying
activities. The Company aims to deliver capital growth and
income enhancement from its assets, supporting its dividend
policy. Further information on the Company can be found
at www.reiplc.com.
Enquiries:
|
Real Estate Investors Plc
Paul Bassi/Marcus Daly
|
+44 (0)121 212 3446
|
|
Cavendish Capital Markets Limited (Nominated
Adviser)
Katy Birkin/Ben Jeynes
|
+44 (0)20 7220 0500
|
|
Liberum (Broker)
Jamie Richards/William
King
|
+44 (0)20 3100 2000
|
About Real Estate Investors Plc
Real Estate Investors Plc is a
publicly quoted, internally managed property investment company and
REIT with a portfolio of mixed-use commercial property, managed by
a highly-experienced property team with over 100 years of combined
experience of operating in the Midlands property market across all
sectors. The Company's strategy is to invest in well located,
real estate assets in the established and proven markets across the
Midlands, with income and capital growth potential, realisable
through active portfolio management, refurbishment, change of use
and lettings. The portfolio has no material reliance on a
single asset or occupier. On 1st January 2015, the Company
converted to a REIT. Real Estate Investment Trusts are listed
property investment companies or groups not liable to corporation
tax on their rental income or capital gains from their qualifying
activities. The Company aims to deliver capital growth and
income enhancement from its assets, supporting its dividend
policy. Further information on the Company can be found
at www.reiplc.com.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1. Paul
Bassi
2. Marcus
Daly
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
1. Chief
Executive
2. Finance
Director
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Real Estate Investors Plc
|
|
b)
|
LEI
|
21380015X5JMEGUHPD83
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Ordinary shares of 10p
each
|
|
|
Identification code
|
GB00B45XLP34
|
|
b)
|
Nature of the transaction
|
Exercise of right under 2021 share
award pursuant to the Real Estate Investors Plc Senior Executives
Long Term Incentive Plan
|
|
c)
|
Price(s) and volumes(s)
|
Price(s)
|
Volume(s)
|
|
1. Nil
2. Nil
|
1.
264,264
2.
165,165
|
|
d)
|
Aggregated information
|
|
|
Aggregated volume
|
N/A
|
|
|
Price
|
N/A
|
|
e)
|
Date of the transaction
|
9 May 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
