REG-Custodian REIT plc Custodian REIT plc : Directors’ purchase of ordinary shares

Custodian Property Income ReitAnnouncement

12/05/2022 15:00

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   Custodian REIT plc (CREI)
   Custodian REIT plc : Directors’ purchase of ordinary shares

   12-May-2022 / 14:57 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                                                                  12 May 2022

    

                               Custodian REIT plc

                                        

                      (“Custodian REIT” or “the Company”)

                                        

                     Directors’ purchase of ordinary shares

    

   Custodian REIT (LSE: CREI), the UK property investment company focused  on
   small lot-sizes, announces the purchase of ordinary shares in the  Company
   by all of its Independent Non-Executive Directors.

    

   David Hunter,  Chairman of  the  Custodian REIT,  commented: “I  thank  my
   colleagues for  the support  they have  shown the  Company in  making  the
   purchases detailed  below which  closer align  the Independent  Directors’
   interests with  the  long-term  interests  of  our  shareholders,  without
   impacting their   independence.  These  purchases reflect  the  Directors’
   view that the Company’s current share price does not sufficiently  reflect
   the true value of its net assets.”

                                                 Consideration

   Director           Number of shares purchased          £000
   Chris Ireland                          24,542            25
   Hazel Adam                             19,566            20
   David Hunter                           10,000            10
   Matthew Thorne                         10,000            10
   Elizabeth McMeikan                     10,000            10
                                          74,108            75

    

   Following these purchases, the Directors’ interests in ordinary shares  of
   the Company are:

    

                      Number of shares % holding
                                                
   Ian Mattioli 1  1         4,842,451     1.10%
   Chris Ireland                50,345     0.01%
   David Hunter                 39,000     0.01%
   Matthew Thorne               39,000     0.01%
   Elizabeth McMeikan           20,400     0.00%
   Hazel Adam                   19,566     0.00%
                                                
                             5,010,762     1.14%

    

   The Directors of the Company are  satisfied they are not in possession  of
   any  inside  information  which  has  not  already  been  notified  via  a
   Regulatory Information Service.

    

   Disclosure required by  Article 19.3  of Regulation (EU)  No. 596/2014  on
   market abuse (the "Market Abuse Regulations") regarding these purchases is
   set out below.

    

   Notification and public disclosure of transactions by persons discharging
   managerial responsibilities and persons closely associated with them

    

   The Company was notified on 10  May 2022 of the following transactions  by
   Non-Executive Directors  of  the  Company  relating  to  the  purchase  of
   ordinary shares. 

    

      Details of the person discharging managerial responsibilities / person
   1  closely associated
    
       
                                         Chris Ireland

                                         Hazel Adam
   a) Names
                                         David Hunter
       
                                         Matthew Thorne

                                         Elizabeth McMeikan
   2  Reason for the notification

       
                                         Chris Ireland - Non-Executive
                                         Director

                                         Hazel Adam - Non-Executive Director

                                         David Hunter - Non-Executive
   a) Position/status                    Director

                                         Matthew Thorne - Non-Executive
                                         Director

                                         Elizabeth McMeikan - Non-Executive
                                         Director

                                          
   b) Initial notification /Amendment
                                         Initial Notification
       
   3  Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
    
       
   a) Name
                                         Custodian REIT plc
       
   b) LEI
                                         2138001BOD1J5XK1CX76
       
   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  
      Description of the financial       Ordinary Shares of 1 pence per share
      instruments, type of instruments
                                          
   a)  
                                          
      Identification code
                                          
       
                                         GB00BJFLFT45
   b) Nature of the transactions
                                         Purchase of Shares
       

    

                             Director           Price        Volume
                             Chris Ireland      101.35 pence 24,542
   c) Price(s) and volume(s) Hazel Adam         101.65 pence 19,566
                             David Hunter       101.60 pence 10,000
                             Matthew Thorne     101.80 pence 10,000
                             Elizabeth McMeikan 101.79 pence 10,000
                                                              

    

    

      Aggregated information
                                  
       
                                  
   d) - Aggregated volume
                                 74,108
       
                                  
      - Price
                                 101.58 pence
       
      Nature of the transactions
   e)                            Purchase of shares
       
   h) Date of the transactions
                                 10 May 2022
       
   i) Place of the transactions
                                 London Stock Exchange
       

    

   This announcement contains inside information for the purposes of  Article
   7 of EU Regulation 596/2014.  Upon publication of this announcement,  this
   information is now considered to be in the public domain. 

    

                                    - Ends -

    

   For further information, please contact:

    

   Custodian Capital Limited                                                 
   Richard Shepherd-Cross / Ed Moore / Ian           Tel: +44 (0)116 240 8740
   Mattioli MBE
                                                   2 www.custodiancapital.com

    

   Numis Securities Limited                             
   Nathan Brown / Hugh Jonathan Tel: +44 (0)20 7260 1000
                                       www.numiscorp.com
                                                        
   Camarco                                              
   Ed Gascoigne-Pees            Tel: +44 (0)20 3757 4984
                                       www.camarco.co.uk

    

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    3  1  Comprising shares  held by  Ian, his  wife and  a charitable  trust
   under his control of 2,755,461 and 2,086,990 shares held by other  persons
   closely associated.

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   ISIN:          GB00BJFLFT45
   Category Code: MSCH
   TIDM:          CREI
   LEI Code:      2138001BOD1J5XK1CX76
   Sequence No.:  161419
   EQS News ID:   1351401


    
   End of Announcement EQS News Service

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