IERE.L Regulatory News (IERE)

14 Jan 2010 16:36



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

2.State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006)

(i) Director

3. Name of person discharging managerial responsibilities/director

TOM CHANDOS

JOHN FREDERIKSEN

DUNCAN OWEN

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

IN RESPECT OF A HOLDING OF THE PERSONS REFERRED TO IN 3

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

NEW ORDINARY SHARES OF 20 PENCE EACH, PREFERENCE SHARES OF 100 PENCE EACH WITH WARRANTS OF NIL PRICE EACH ATTACHED.

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

TOM CHANDOS - 60,000 EXISTING ORDINARY SHARES

JOHN FREDERIKSEN - 31,000 EXISTING ORDINARY SHARES

DUNCAN OWEN - 7,500 EXISTING ORDINARY SHARES

8 State the nature of the transaction

PARTICIPATION IN THE FIRM PLACING AND PLACING AND OPEN OFFER, THE TERMS OF WHICH ARE SET OUT IN THE PROSPECTUS OF INVISTA EUROPEAN REAL ESTATE TRUST SICAF DATED 16 NOVEMBER 2009.

9. Number of shares, debentures or financial instruments relating to shares acquired

TOM CHANDOS - 51,000 NEW ORDINARY SHARES, 10,200 PREFERENCE SHARES AND10,200 WARRANTS

JOHN FREDERIKSEN - 26,350 NEW ORDINARY SHARES

DUNCAN OWEN - 6,375 NEW ORDINARY SHARES

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

TOM CHANDOS - 0.0196 PER CENT. OF ORDINARY SHARES, 0.0350 PER CENT. OF PREFERENCE SHARES AND 0.0350 PER CENT. OF WARRANTS

JOHN FREDERIKSEN - 0.0101 PER CENT. OF ORDINARY SHARES

DUNCAN OWEN - 0.0025 PER CENT. OF ORDINARY SHARES

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

13. Price per share or value of transaction

NEW ORDINARY SHARES OF 20 PENCE EACH, PREFERENCE SHARES OF 100 PENCE EACH WITH WARRANTS OF NIL PRICE EACH ATTACHED.

14. Date and place of transaction

30 DECEMBER 2009, LUXEMBOURG

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

TOM CHANDOS:

111,000 ORDINARY SHARES - 0.0427 PER CENT.;

10,200 PREFERENCE SHARES - 0.0350 PER CENT.; AND 

10,200 WARRANTS - 0.0350 PER CENT.

JOHN FREDERIKSEN:

57,350 ORDINARY SHARES - 0.0221 PER CENT.;

DUNCAN OWEN:

13,875 ORDINARY SHARES - 0.0053 PER CENT.

16. Date issuer informed of transaction

30 DECEMBER 2009

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

N/A………………………………

18. Period during which or date on which exercisable

n/a………………………………

19. Total amount paid (if any) for grant of the option

n/a………………………………

20. Description of shares or debentures involved (class and number)

…n/a……………………………

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

…n/a……………………………

22. Total number of shares or debentures over which options held following notification

n/a………………………………

23. Any additional information

…n/a……………………………

24. Name of contact and telephone number for queries

Victoria Dalby - 020 7954 9527

Name and signature of duly authorised officer of issuer responsible for making notification

John Crehan, for and on behalf of Capita Company Secretarial Services Ltd, Secretary

Date of notification

14 JANUARY 2010