REG - Real Estate Investrs - Director/PDMR Shareholding

Real Estate InvestorsAnnouncement

14/04/2025 07:00

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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)   +44 (0)20 7220 0500

 Katy Birkin/Ben Jeynes

 Panmure Liberum Limited (Broker)                        +44 (0)20 3100 2000

 Jamie Richards/William King

 

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 (http://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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