Real Estate Investors Plc
("REI" or the "Company" or the "Group")
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 on 1 December 2022, Paul Bassi, Chief Executive and Marcus Daly, Finance Director purchased 3,780,508 and 1,000,000 ordinary shares of 10p each ("Ordinary Shares"), respectively, at 28 pence per Ordinary Share.
Following these transactions, Paul Bassi is interested in 16,000,000 Ordinary Shares (representing 9.26% of the Company's issued ordinary share capital) and Marcus Daly is interested in 3,513,487 Ordinary Shares (representing 2.04% 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 |
|
Cenkos Securities (Nominated Adviser) Katy Birkin/Ben Jeynes |
+44 (0)20 7397 8900 |
|
Liberum (Broker) Jamie Richards/William King |
+44 (0)20 3100 2000 |
|
Novella Communications Tim Robertson/Safia Colebrook |
+44 (0)20 3151 7008
|
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 progressive 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 | Paul Bassi
| |
| 2 | Reason for the notification
| ||
| a) | Position/status | PDMR (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 | Purchase of Ordinary Shares
| |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
| £0.28 | 3,780,502
| ||
| d) | Aggregated information
| ||
| | Aggregated volume | N/A - single transaction
| |
| | Price | N/A - single transaction
| |
| e) | Date of the transaction | 1 December 2022
| |
| f) | Place of the transaction | AIMX
| |
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | Marcus Daly
| |
| 2 | Reason for the notification
| ||
| a) | Position/status | PDMR (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 | Purchase of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
| £0.28 | 1,000,000
| ||
| d) | Aggregated information
| ||
| | Aggregated volume | N/A - single transaction
| |
| | Price | N/A - single transaction
| |
| e) | Date of the transaction | 1 December 2022
| |
| f) | Place of the transaction | AIMX
| |
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