Last checked at 14 Jun 2018 13:10
14 June 2018
Real Estate Investors Plc
("REI" or the "Company")
Director/PDMR shareholdings
Real Estate Investors Plc (AIM:RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.5 million sq ft of commercial property in the Midlands property market across all sectors, announces that further to the announcement on 11 May 2018 of the vesting of share awards to Paul Bassi (Chief Executive) in respect of 146,737 ordinary shares and Marcus Daly (Finance Director) in respect of 83,850 ordinary shares, these directors have today exercised their right to acquire such shares for nil consideration. These shares, together with a further 33,540 ordinary shares in relation to share awards to other employees, were purchased by the Company on 5 June 2018 at a price of 56p per share and held in treasury until the transfer of all such shares to the relevant employees today. Following these transactions, Paul Bassi is interested in 10,266,737 ordinary shares (representing 5.51% of the Company's issued ordinary share capital) and Marcus Daly is interested in 1,763,850 ordinary shares (representing 0.95% of the Company's issued ordinary share capital).
Enquiries:
Real Estate Investors Plc Paul Bassi |
+44 (0)121 212 3446 |
Smith & Williamson Corporate Finance Limited Azhic Basirov/David Jones |
+44 (0)20 7131 4000 |
Liberum Jamie Richards/William Hall |
+44 (0)20 3100 2000 |
Gable Communications Limited John Bick |
+44 (0)20 7193 7463 +44 (0)7872 061 007 |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 | Exercise of right under annual 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) |
nil | 146,737 | ||
d) | Aggregated information | ||
Aggregated volume | N/A - single transaction | ||
Price | N/A - single transaction | ||
e) | Date of the transaction | 14 June 2018 | |
f) | Place of the transaction | XOFF | |
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 | Exercise of right under annual 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) |
nil | 83,850 | ||
d) | Aggregated information | ||
Aggregated volume | N/A - single transaction | ||
Price | N/A - single transaction | ||
e) | Date of the transaction | 14 June 2018 | |
f) | Place of the transaction | XOFF | |