RNS Number : 7914E
Real Estate Investors PLC
14 April 2025
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 Paul Bassi, Chief Executive Officer, purchased 314,346 ordinary shares of 10p each ("Ordinary Shares") on 10 April 2025.
Following this purchase, Paul Bassi is interested in 18,000,000 Ordinary Shares, representing 10.29% 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
Panmure Liberum Limited (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
Paul Bassi
2
Reason for the notification
a)
Position/status
Chief Executive
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)
£0.29875
314,346
d)
Aggregated information
Aggregated volume
N/A
Price
N/A
e)
Date of the transaction
10 April 2025
f)
Place of the transaction
AIMX
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