Source - LSE Regulatory
RNS Number : 9690P
Real Estate Investors PLC
12 October 2023
 

12 October 2023

Real Estate Investors Plc

("REI" or the "Company" or the "Group")

 

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 29 June 2023 of the vesting of share awards to Paul Bassi (Chief Executive) in respect of 628,571 ordinary shares of 10p each ("Ordinary Shares") and Marcus Daly (Finance Director) in respect of 392,857 Ordinary Shares, on 12 October 2023, these directors exercised their right to acquire such Ordinary Shares for nil consideration. 

 

These Ordinary Shares, together with a further 171,429 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 1,192,857 new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to occur on or around 8.00 a.m. on 13 October July 2023.

 

Following Admission, the Company's issued share capital will comprise 173,844,434 Ordinary Shares  with 26 Ordinary  Shares held in treasury. Therefore the total number of voting rights in the Company is 173,844,408. 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 16,628,571 Ordinary Shares (representing 9.57% of the Company's issued ordinary share capital) and Marcus Daly will be interested in 3,906,344 Ordinary Shares (representing 2.25% 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 Securities (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

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 2020 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

628,571

 

d)

Aggregated information

 


Aggregated volume

N/A - single transaction

 


Price

N/A - single transaction

 

e)

Date of the transaction

12 October 2023

 

f)

Place of the transaction

Outside of a trading venue

 

 

 

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 2020 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

392,857

 

d)

Aggregated information

 


Aggregated volume

N/A - single transaction

 


Price

N/A - single transaction

 

e)

Date of the transaction

12 October 2023

 

f)

Place of the transaction

Outside of a trading venue

 

 

 

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