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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) +44 (0)20 7220 0500
Katy Birkin/Ben Jeynes
Liberum (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 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 (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 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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