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20 Dec 2019 17:45
20 December 2019
Regional REIT Limited (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them ("PCA").
The Company announces that Stephen Inglis, CEO of the asset manager to the Company sold 350,000 Ordinary Shares in the Company on 20 December 2019 at a price of £1.115195 per share. These shares have been sold to meet the tax obligations and charitable commitments of the Inglis family.
Following the transaction, the Inglis family retains a holding of 2,523,231 Ordinary Shares in the Company (0.59% of the available share capital).
This notification is made in accordance with the Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Stephen J Inglis | ||||
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
| Regional REIT Limited
| ||||
b)
| LEI
| 549300D8G4NKLRIKBX73 | ||||
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
Identification code
| Ordinary Shares of no par value
ISIN: GG00BYV2ZQ34
| ||||
b)
| Nature of the transaction
| Sale of Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
- Total
|
350,000
GBP1.115195
GBP 390,318.25 | ||||
e)
| Date of the transaction
| 20 December 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
LEI: 549300D8G4NKLRIKBX73
Enquiries:
Regional REIT Limited | |
Toscafund Asset Management | Tel: +44 (0) 20 7845 6100 |
Investment Manager to the Group | |
Adam Dickinson, Investor Relations, Regional REIT Limited | |
London & Scottish Property Investment Management | Tel: +44 (0) 141 248 4155 |
Asset Manager to the Group | |
Stephen Inglis | |
Buchanan Communications | Tel: +44 (0) 20 7466 5000 |
Financial PR | regional@buchanan.uk.com |
Charles Ryland / Victoria Hayns / Henry Wilson |
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