Last checked at 27 May 2015 16:44
27 May 2015
REAL ESTATE INVESTORS PLC
("REI" or the "Company")
Director's Dealing
Real Estate Investors plc (AIM:RLE), the West Midlands based property group, announces that today, Paul Bassi, Chief Executive of the Company, sold 200,000 ordinary shares of 10p each in the Company ("Ordinary Shares") held in his own name at a price of 60.5p per share to Issab Holdings Limited, a company in which he has a 100 per cent equity interest.
Following this transaction Mr Bassi's interest in the Company remains unchanged at 9,283,333 Ordinary Shares, representing 4.98 per cent of the Company's issued share capital.
Enquiries:
Real Estate Investors Plc | |
Paul Bassi
| T: +44 (0)121 265 6400 |
Smith & Williamson Corporate Finance Limited (Nominated Adviser) | |
Azhic Basirov / David Jones
| T: +44 (0)20 7131 4000 |
Liberum Capital (Broker) | |
Tom Fyson / Jamie Richards
| T: +44 (0)20 3100 2000 |
Gable Communications Limited | T: +44 (0)20 7193 7463 |
John Bick
| M: +44 (0)7872 061007 E: reiplc@gablecommunications.com |
Notes to Editors
Real Estate Investors is an AIM listed property investment company with a £104.4 million (as at 31 December 2014) commercial and residential portfolio principally in the West Midlands and central England.
Real Estate Investors is focused on delivering shareholder value through returns generated from strong yields and capital enhancements. This is achieved by targeting investments in orphaned, distressed, part-let and underperforming commercial and residential property assets.
Real Estate Investors is led by respected property investor Paul Bassi CBE, who has over 30 years of property experience in the West Midlands. Mr Bassi is also founder and non-executive chairman of Bond Wolfe and non-executive chairman of CP Bigwood Chartered Surveyors. Real Estate Investors was admitted to trading on AIM in June 2004. Further information on Real Estate Investors can be found at www.reiplc.com.