Real Estate Investors Plc
("REI" or the "Company")
Director/PDMR Shareholdings
Real Estate Investors Plc (AIM:RLE), the UK's only Midlands-focused Real Estate Investment Trust (REIT), with a portfolio of commercial property across all sectors, announces that further to the announcement on 9 May 2024 of the vesting of share awards to Paul Bassi (Chief Executive) in respect of 264,264 ordinary shares of 10p each ("Ordinary Shares") and Marcus Daly (Finance Director) in respect of 165,165 Ordinary Shares, on 9 May 2024, these directors exercised their right to acquire such Ordinary Shares for nil consideration.
These Ordinary Shares, together with a further 108,108 Ordinary Shares in relation to share awards to other employees, have been issued and allotted by the Company. Application has been made to the London Stock Exchange for the admission of 537,537 new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to occur on or around 8.00 a.m. on 16 May 2024.
Following Admission, the Company's issued share capital will comprise 174,381,971 Ordinary Shares with 26 Ordinary Shares held in treasury. Therefore the total number of voting rights in the Company is 174,381,945. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure, Guidance and Transparency Rules.
Following Admission, Paul Bassi will be interested in 16,892,835 Ordinary Shares (representing 9.69% of the Company's issued ordinary share capital) and Marcus Daly will be interested in 4,071,509 Ordinary Shares (representing 2.33% of the Company's issued ordinary share capital).
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Enquiries:
| Real Estate Investors Plc Paul Bassi/Marcus Daly |
+44 (0)121 212 3446 |
|
Cavendish Capital Markets Limited (Nominated Adviser) Katy Birkin/Ben Jeynes |
+44 (0)20 7220 0500 |
|
Liberum (Broker) Jamie Richards/William King |
+44 (0)20 3100 2000 |
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio 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 dividend policy. Further information on the Company can be found at www.reiplc.com.
Enquiries:
| Real Estate Investors Plc Paul Bassi/Marcus Daly |
+44 (0)121 212 3446 |
|
Cavendish Capital Markets Limited (Nominated Adviser) Katy Birkin/Ben Jeynes |
+44 (0)20 7220 0500 |
|
Liberum (Broker) Jamie Richards/William King |
+44 (0)20 3100 2000 |
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio 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 dividend policy. 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 | 1. Paul Bassi 2. Marcus Daly
| |
| 2 | Reason for the notification
| ||
| a) | Position/status | 1. Chief Executive 2. Finance 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 2021 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)
|
| 1. Nil
2. Nil | 1. 264,264
2. 165,165 | ||
| d) | Aggregated information
| ||
| | Aggregated volume | N/A
| |
| | Price | N/A
| |
| e) | Date of the transaction | 9 May 2024
| |
| f) | Place of the transaction | Outside of a trading venue
| |
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