Real Estate Investors PLC Director/PDMR Shareholding
26 Juin 2024 - 5:11PM
RNS Regulatory News
RNS Number : 0231U
Real Estate Investors PLC
26 June 2024
26 June 2024
Real Estate Investors
Plc
("REI" or
the "Company")
Director/PDMR
Shareholding
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 it has been notified that today,
Marcus Daly, the Company's Finance Director, purchased 250,000
ordinary shares in the Company ("Ordinary Shares") at a price of
36.9 pence per Ordinary Share.
Following this purchase, Marcus Daly
is now beneficially interested in a total of 4,321,509 Ordinary
Shares, representing 2.48% of the Company's issued ordinary share
capital.
The notification below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provides 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 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 announced in January 2024 that it
would be undertaking an orderly strategic sale of the Company's
portfolio over three years, disposing of assets individually or
collectively, at or above book value, to optimise returns to
shareholders. The pace of the disposal programme will be
dictated by market conditions, with an initial focus on repaying
the Company's debt. In the meantime, it is the Board's
intention to continue paying a fully covered quarterly dividend.
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
|
Marcus Daly
|
2
|
Reason for the notification
|
a)
|
Position/status
|
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
|
Purchase of Ordinary
Shares
|
c)
|
Price(s) and volumes(s)
|
Price(s)
|
Volume(s)
|
36.9 pence
|
250,000
|
d)
|
Aggregated information
|
|
Aggregated volume
|
N/A
|
|
Price
|
N/A
|
e)
|
Date of the transaction
|
26 June 2024
|
f)
|
Place of the transaction
|
AIMX
|
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END
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