REG - Real Estate Investrs - Director/PDMR Shareholding

Real Estate InvestorsAnnouncement

24/06/2024 17:15

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RNS Number : 6593T  Real Estate Investors PLC  24 June 2024

 

24 June 2024

 

Real Estate Investors Plc

("REI" or the "Company")

 

Director/PDMR Shareholding

 

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 it has today been notified that on 21 June 2024
Paul Bassi, the Company's Chief Executive, purchased 107,165 ordinary shares
in the Company ("Ordinary Shares") at a price of 36.25 pence per Ordinary
Share.

 

Following this purchase, Paul Bassi is now beneficially interested in a total
of 17,000,000 Ordinary Shares, representing 9.75% of the Company's issued
ordinary share capital.

 

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.

 

Enquiries:

 

 Real Estate Investors Plc

 Paul Bassi/Marcus Daly                                  +44 (0)121 212 3446

 Cavendish Capital Markets Limited (Nominated Adviser)   +44 (0)20 7220 0500

 Katy Birkin/Ben Jeynes

 Liberum (Broker)                                        +44 (0)20 3100 2000

 Jamie Richards/William King

 

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
(https://url.uk.m.mimecastprotect.com/s/HLIgCx1JzSJkBN3CvQep_?domain=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                                              Chief Executive

 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)

     36.25 pence                                                                               107,165
 d)  Aggregated information

     Aggregated volume                                            N/A

     Price                                                        N/A

 e)  Date of the transaction                                      21 June 2024

 f)  Place of the transaction                                     AIMX

 

 

 

 

 

 

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