Last checked at 22 Mar 2017 13:52
22 March 2017
Real Estate Investors Plc
("REI" or the "Company")
Directors Dealing
Real Estate Investors Plc (AIM: RLE), the Birmingham based property group and UK listed Real Estate Investment Trust, announces that it has been notified that today, Paul Bassi, Chief Executive of the Company, bought 100,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of 58p per share. Following this transaction Mr Bassi holds 10,120,000 Ordinary Shares, representing 5.43 per cent of the Company's issued share capital. Also today, Marcus Daly, Finance Director of the Company, bought 100,000 Ordinary Shares at a price of 58p per share. Following this transaction Mr Daly holds 1,640,000 Ordinary Shares, representing 0.88 per cent of the Company's issued 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/Ben Roberts
| +44 (0)20 3100 2000 |
Gable Communications Limited John Bick | +44 (0)20 7193 7463 +44 (0)7872 061 007 |
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted property investment company with a portfolio of 1.4 million sq ft of 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 of central Birmingham and 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 a progressive dividend policy. Further information on the Company can be found at www.reiplc.com.
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 | - | |
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 | New ordinary shares of 10p each | |
| Identification code | GB00B45XLP34 | |
b) | Nature of the transaction | Share purchase | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
58p | 100,000 | ||
d) | Aggregated information | ||
| Aggregated volume | N/A - single transaction | |
| Price | N/A - single transaction | |
e) | Date of the transaction | 22 March 2017 | |
f) | Place of the transaction | London Stock Exchange | |
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 | - | |
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 | New ordinary shares of 10p each | |
| Identification code | GB00B45XLP34 | |
b) | Nature of the transaction | Share purchase | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
58p | 100,000 | ||
d) | Aggregated information | ||
| Aggregated volume | N/A - single transaction | |
| Price | N/A - single transaction | |
e) | Date of the transaction | 22 March 2017 | |
f) | Place of the transaction | London Stock Exchange | |