REG - Real Estate Investrs - Transaction in Own Shares

Real Estate InvestorsAnnouncement

09/11/2022 17:30

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RNS Number : 8943F  Real Estate Investors PLC  09 November 2022

9 November 2022

Real Estate Investors Plc

("REI" or the "Company")

 

Transaction in Own Shares

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 on 9 November 2022, it purchased 6,000,000
ordinary shares of 10 pence each (the "Buyback Shares") on the London Stock
Exchange through Liberum Capital Limited ("Liberum"), in accordance with the
terms of its share buyback programme announced on 9 November 2022 (the
"Programme"). The Buyback Shares acquired will be held in treasury for
cancellation.

 Date of purchase:                                                9 November 2022
 Aggregate number of ordinary shares purchased:                   6,000,000
 Lowest price paid per share (pence per share):                   28.00
 Highest price paid per share (pence per share):                  28.00
 Volume weighted average price paid per share (pence per share):  28.00

 

Following the purchase of the Buyback Shares, the Company will have
179,794,434 ordinary shares of 10 pence each in issue, of which 6,000,026
ordinary shares are held in treasury, all of which will be cancelled.
Therefore, the total number of ordinary shares carrying voting rights will be
173,794,408.

 

The above figure of 173,794,408 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it
applies in the UK (the Market Abuse Regulation), the table below contains
detailed information of the individual trades made by Liberum as part of the
Programme.

 

Individual transactions:

 

 Number of shares  Transaction price   Time of transaction  Execution venue

purchased
(pence per share)
 6,000,000         28.00               16:30:00             AIMX

 

Enquiries:

 Real Estate Investors Plc       +44 (0)121 212 3446

 Paul Bassi/Marcus Daly

 Cenkos Securities               +44 (0)20 7397 8900

 Katy Birkin/Ben Jeynes

 Liberum                         +44 (0)20 3100 2000

 Jamie Richards/Will King

 Novella Communications          +44 (0)20 3151 7008

 Tim Robertson/Safia Colebrook

 

About Real Estate Investors Plc

Real Estate Investors Plc is a publicly quoted, internally managed property
investment company and REIT with a portfolio of 1.47 million sq ft 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, which has enjoyed
7 years of consecutive growth.  Further information on the Company can be
found at www.reiplc.com (http://www.reiplc.com/) .

 

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