7 Jan 2005 12:21
Real Estate Investors PLC07 January 2005 Real Estate Investors PLC ("REI" or the "Company") Issue of Equity REI, the fast expanding commercial property investment company which floated onAIM in June 2004, announced on 22 November 2004 that it had exchangedconditional contracts to acquire the entire ordinary share capital of 3147398Limited (formerly known as Bacchus Estates Limited), which owns thirteen retailand A3 leisure trading properties, for which a total consideration of £9,000,000has been paid. Following completion of the acquisition on 6 January 2005, the Company announcesthe issue today of 5,853,658 new ordinary shares in REI at a price of 10.25p pershare to the vendors as part of the consideration. Application has been made for these new shares (which will rank pari passu withthe Company's existing issued ordinary shares) to be admitted to trading on AIMand this is expected to take place on 13 January 2005. Further information: Peter Lewin - CEO 01923 776633Malcolm Lewin - FDReal Estate Investors PLC Christopher Joll 020 7491 7776mj2 ltd 7 January 2005 This information is provided by RNS The company news service from the London Stock Exchange