Source - RNS
RNS Number : 2115K
Real Estate Investors PLC
19 September 2016
 

 

19 September 2016

 

Real Estate Investors Plc

("REI" or the "Company")

 

Directors Dealing

 

Real Estate Investors Plc (AIM: RLE), the Birmingham based property group and UK listed Real Estate Investment Trust, announces that it has been notified that today, Paul Bassi, Chief Executive of the Company, bought 20,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of 58.5p per share.  Following this transaction Mr Bassi holds 10,020,000 Ordinary Shares, representing 5.37 per cent of the Company's issued share capital.  Also today, Marcus Daly, Finance Director of the Company, bought 20,000 Ordinary Shares at a price of 58.5p per share.  Following this transaction Mr Daly holds 1,540,000 Ordinary Shares, representing 0.83 per cent of the Company's issued share capital.

 

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

 

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

-

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

New ordinary shares of 10p each

 

Identification code

GB00B45XLP34

b)

Nature of the transaction

Share purchase

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

58.5p

20,000

d)

Aggregated information

 

Aggregated volume

N/A - single transaction

 

Price

N/A - single transaction

e)

Date of the transaction

19 September 2016

f)

Place of the transaction

London Stock Exchange

 

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

-

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

New ordinary shares of 10p each

 

Identification code

GB00B45XLP34

b)

Nature of the transaction

Share purchase

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

58.5p

20,000

d)

Aggregated information

 

Aggregated volume

N/A - single transaction

 

Price

N/A - single transaction

e)

Date of the transaction

19 September 2016

f)

Place of the transaction

London Stock Exchange

 

 

Enquiries:

 

Real Estate Investors Plc

Paul Bassi

 

+44 (0)121 212 3446

Smith & Williamson Corporate Finance Limited

Azhic Basirov/David Jones

 

+44 (0)20 7131 4000

Liberum

Jamie Richards/Tom Fyson

 

+44 (0)20 3100 2000

Gable Communications Limited

John Bick

+44 (0)20 7193 7463

+44 (0)7872 061 007

[email protected]

 

About Real Estate Investors Plc

 

Real Estate Investors Plc is a publicly quoted property investment company with a portfolio of over 1,000,000 sq ft of 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 of central Birmingham and 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 Real Estate Investment Trust (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 with the view to implementing a progressive dividend policy.  Further information on the Company can be found at www.reiplc.com.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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