Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksREI Regulatory News (RLE)

Share Price Information for REI (RLE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 33.00
Bid: 32.00
Ask: 34.00
Change: -0.50 (-1.49%)
Spread: 2.00 (6.25%)
Open: 33.50
High: 33.50
Low: 33.00
Prev. Close: 33.50
RLE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Grant and Vesting of LTIP Awards

27 Mar 2020 12:30

RNS Number : 8987H
Real Estate Investors PLC
27 March 2020
 

 

 

27 March 2020

Real Estate Investors Plc

("REI" or the "Company")

 

Grant and Vesting of LTIP Awards

 

Real Estate Investors Plc (AIM:RLE), the UK's only Midlands-focused Real Estate Investment Trust (REIT) with a portfolio of 1.59 million sq ft of investment property across all sectors, announces that on 26 March 2020 it granted annual awards to two Directors and other employees under the Real Estate Investors Plc Senior Executives Long Term Incentive Plan adopted in 2010. The awards give rights to certain Directors to acquire a total of 2,042,857 ordinary shares of 10p each in the Company ("Ordinary Shares") as detailed below at a price of 1p per share (in the case of an issue of new Ordinary Shares) or nil (in the case of a transfer of existing Ordinary Shares). The vesting of 50% of the award is subject to a performance condition based on total shareholder return, with 50% subject to a performance condition based on net asset value per share growth including dividends paid. The performance conditions will be measured over the three years up to the vesting date with full vesting if 14% levels of annual return/growth are achieved.

 

Award Holder

Number of Ordinary

Shares under Award

Expected Vesting Date

Paul Bassi

1,257,143

April 2023

Marcus Daly

785,714

April 2023

 

In addition, share awards made on 20 March 2017 to directors of the Company vested yesterday at 42.2% (based on performance conditions) in the following amounts: Paul Bassi (Chief Executive) 306,327 ordinary shares; and Marcus Daly (Finance Director) 191,454 ordinary shares. The directors now have the right to be issued with the shares awarded (for nil or nominal consideration) although such issues have not yet occurred and remain subject to the exercise by the directors of their right.

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

Enquiries:

 

Real Estate Investors Plc

Paul Bassi/Marcus Daly

 

+44 (0)121 212 3446

 

Cenkos Securities

Katy Birkin/Ben Jeynes

 

+44 (0)20 7397 8900

 

Liberum

Jamie Richards/William Hall

 

+44 (0)20 3100 2000

 

Allenby Capital

Nick Naylor/Asha Chotai

 

+44 (0)20 3328 5656

 

Novella Communications

Tim Robertson/Fergus Young

 

+44 (0)20 3151 7008

 

 

 

About Real Estate Investors Plc

 

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.59 million sq ft of mixed-use 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 across 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 its progressive dividend policy, which has enjoyed 7 years of consecutive growth. Further information on the Company can be found at www.reiplc.com.

 

 

 

 

 

 

 

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

Share award, constituting a right to acquire ordinary shares of 10p each

Identification code

GB00B45XLP34

b)

Nature of the transaction

Grant of annual award under the Real Estate Investors Plc Senior Executives Long Term Incentive Plan. The award gives rights to acquire ordinary shares in the Company ("Ordinary Shares") at a price of 1p per share (in the case of an issue of new Ordinary Shares) or nil (in the case of a transfer of existing Ordinary Shares). The vesting of 50% of the award is subject to a performance condition based on total shareholder return with 50% subject to a performance condition based on net asset value per share growth including dividends paid. The performance conditions will be measured over the three years up to the vesting date (April 2023) with full vesting if 14% levels of annual return/growth are achieved

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

nil

1,257,143

d)

Aggregated information

Aggregated volume

N/A - single transaction

Price

N/A - single transaction

e)

Date of the transaction

26 March 2020

f)

Place of the transaction

Outside of a trading venue

 

 

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

Share award, constituting a right to acquire ordinary shares of 10p each

Identification code

GB00B45XLP34

b)

Nature of the transaction

Grant of annual award under the Real Estate Investors Plc Senior Executives Long Term Incentive Plan. The award gives rights to acquire ordinary shares in the Company ("Ordinary Shares") at a price of 1p per share (in the case of an issue of new Ordinary Shares) or nil (in the case of a transfer of existing Ordinary Shares). The vesting of 50% of the award is subject to a performance condition based on total shareholder return with 50% subject to a performance condition based on net asset value per share growth including dividends paid. The performance conditions will be measured over the three years up to the vesting date (April 2023) with full vesting if 14% levels of annual return/growth are achieved

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

nil

785,714

d)

Aggregated information

Aggregated volume

N/A - single transaction

Price

N/A - single transaction

e)

Date of the transaction

26 March 2020

f)

Place of the transaction

Outside of a trading venue

 

 

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

Share award, constituting a right to acquire ordinary shares of 10p each

Identification code

GB00B45XLP34

b)

Nature of the transaction

Vesting of share award granted under the Real Estate Investors Plc Senior Executives Long Term Incentive Plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

nil

306,327

d)

Aggregated information

Aggregated volume

N/A - single transaction

Price

N/A - single transaction

e)

Date of the transaction

26 March 2020

f)

Place of the transaction

Outside of a trading venue

 

 

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

Share award, constituting a right to acquire ordinary shares of 10p each

Identification code

GB00B45XLP34

b)

Nature of the transaction

Vesting of share award granted under the Real Estate Investors Plc Senior Executives Long Term Incentive Plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

nil

191,454

d)

Aggregated information

Aggregated volume

N/A - single transaction

Price

N/A - single transaction

e)

Date of the transaction

26 March 2020

f)

Place of the transaction

Outside of a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHSEWFFWESSEID
Date   Source Headline
26th Mar 20247:00 amRNSFinal Results
29th Jan 20247:00 amRNSTrading & Strategic Update
19th Dec 202310:40 amRNSHolding(s) in Company
12th Dec 20237:00 amRNS2023 Q3 Dividend Declaration
24th Oct 20234:13 pmRNSChange of Nominated Adviser
12th Oct 20231:51 pmRNSDirector/PDMR Shareholdings
28th Sep 20237:00 amRNSHolding(s) in Company
26th Sep 202311:27 amRNSHolding(s) in Company
25th Sep 20237:00 amRNSHalf Year Results
31st Jul 20237:00 amRNSTrading Update and Notice of Interim Results
29th Jun 20231:18 pmRNSReplacement: Q1 2023 Dividend and LTIP Awards
29th Jun 20237:00 amRNSQ1 2023 Dividend Declaration and LTIP Awards
24th May 20231:56 pmRNSResult of AGM
16th May 20235:58 pmRNSHolding(s) in Company
11th May 202312:19 pmRNSPublication of Report and Accounts & Notice of AGM
4th Apr 20239:51 amRNSHolding(s) in Company
3rd Apr 20233:01 pmRNSHolding(s) in Company
3rd Apr 20237:01 amRNSHolding(s) in Company
3rd Apr 20237:00 amRNSHolding(s) in Company
31st Mar 20234:52 pmRNSDirector/PDMR Shareholding
28th Mar 202311:19 amRNSDirector/PDMR Shareholding
28th Mar 20237:00 amRNSFinal Results
13th Dec 20227:00 amRNSTrading Update
6th Dec 202212:06 pmRNSHolding(s) in Company
6th Dec 20227:00 amRNSHolding(s) in Company
2nd Dec 202211:10 amRNSDirector/PDMR Shareholdings
2nd Dec 20227:00 amRNSTransaction in Shares and Completion of Buyback
9th Nov 20225:28 pmRNSTransaction in Own Shares
9th Nov 20222:04 pmRNSShare Buyback Programme
29th Sep 20227:00 amRNSHalf Year Results
29th Jul 20224:30 pmRNSTotal Voting Rights
8th Jul 202210:14 amRNSDirector/PDMR Shareholdings
6th Jul 20227:00 amRNSH1 Trading Update and Capital Return Strategy
20th Jun 20225:10 pmRNSQ1 2022 Dividend Declaration and LTIP Awards
20th May 20221:16 pmRNSResult of AGM
26th Apr 20227:00 amRNSPublication of Report & Accounts and Notice of AGM
22nd Mar 20227:00 amRNSFinal Results
26th Jan 20227:00 amRNSTrading Update and Notice of Results
13th Dec 20217:00 amRNSQ3 Dividend Declaration
13th Oct 20217:00 amRNSPortfolio Disposals
21st Sep 20217:00 amRNSHalf-year Report
1st Sep 20217:00 amRNSChange of Broker
5th Jul 20217:00 amRNSH1 Trading Update
29th Jun 20211:57 pmRNSHolding(s) in Company
21st Jun 20217:00 amRNSQ1 2021 Dividend Declaration
28th May 202112:18 pmRNSAppointment of Non-executive Director
28th May 202112:14 pmRNSResult of AGM and Directorate Changes
19th May 20213:15 pmRNS2021 Annual General Meeting Arrangements
12th May 20212:31 pmRNSFixed Interest Switch
4th May 20211:19 pmRNSPosting of Report and Accounts and Notice of AGM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.