Source - RNS
RNS Number : 4366R
Real Estate Investors PLC
14 June 2018
 

 

 

14 June 2018

Real Estate Investors Plc

("REI" or the "Company")

 

Director/PDMR shareholdings

 

Real Estate Investors Plc (AIM:RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.5 million sq ft of commercial property in the Midlands property market across all sectors, announces that further to the announcement on 11 May 2018 of the vesting of share awards to Paul Bassi (Chief Executive) in respect of 146,737 ordinary shares and Marcus Daly (Finance Director) in respect of 83,850 ordinary shares, these directors have today exercised their right to acquire such shares for nil consideration.  These shares, together with a further 33,540 ordinary shares in relation to share awards to other employees, were purchased by the Company on 5 June 2018 at a price of 56p per share and held in treasury until the transfer of all such shares to the relevant employees today.  Following these transactions, Paul Bassi is interested in 10,266,737 ordinary shares (representing 5.51% of the Company's issued ordinary share capital) and Marcus Daly is interested in 1,763,850 ordinary shares (representing 0.95% of the Company's issued ordinary share capital).

 

 

 

 

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/William Hall

 

+44 (0)20 3100 2000

 

Gable Communications Limited

John Bick

 

+44 (0)20 7193 7463

+44 (0)7872 061 007

 

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

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 annual 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)

nil

146,737

d)

Aggregated information


Aggregated volume

N/A - single transaction


Price

N/A - single transaction

e)

Date of the transaction

14 June 2018

f)

Place of the transaction

XOFF

 

 

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

Ordinary shares of 10p each


Identification code

GB00B45XLP34

b)

Nature of the transaction

Exercise of right under annual 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)

nil

83,850

d)

Aggregated information


Aggregated volume

N/A - single transaction


Price

N/A - single transaction

e)

Date of the transaction

14 June 2018

f)

Place of the transaction

XOFF

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
DSHBDGDLIGBBGIS