REG - Real Estate Investrs - Director/PDMR Shareholdings

Real Estate InvestorsAnnouncement

09/05/2024 17:45

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RNS Number : 8761N  Real Estate Investors PLC  09 May 2024

 

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)   +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)
.

 

 

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/YzjiCx1JzSJkmQDcvLpxC?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                                                         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                                                                                              1.    264,264

     2.    Nil                                                                                              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

 

 

 

 

 

 

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