REG - Real Estate Investrs - Transaction in Shares and Completion of Buyback

Real Estate InvestorsAnnouncement

30/11/2020 08:14

RNS Number : 8329G
  
Real Estate Investors PLC
  
30 November 2020
  
 

30 November 2020 
Real Estate Investors Plc
(" REI " or the " Company ") 
Transaction in Shares and Completion of Share Buyback Programme
Real Estate Investors Plc (AIM: RLE), the UK's only Midlands-focused Real Estate Investment Trust (REIT) with a portfolio of 1.6 million sq ft of investment property across all sectors, announces that, on 27 November 2020, it purchased 2,700 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 20 October 2020 (the "Programme"). 



Date of purchase:


27 November 2020




Aggregate number of ordinary shares purchased:


2,700




Lowest price paid per share (pence per share):


35.00




Highest price paid per share (pence per share):


35.00




Volume weighted average price paid per share (pence per share):


35.00



 
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (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

purchased


Transaction price

(pence per share)


Time of transaction


Execution venue





2,700


35.00


15:35:29


AIMX



 
Following the above transaction, the Company announces that the Programme to purchase an aggregate market value of up to £2.0 million of the Company's ordinary shares of 10 pence each (the "Ordinary Shares"), has been completed in accordance with its terms.
In aggregate, between 20 October 2020 and 27 November 2020, the Company repurchased 7,042,700 Ordinary Shares at an average purchase price of 28.40 pence per share (the "Buyback Shares").
All 7,042,700 Buyback Shares purchased under the Programme previously held in treasury have been cancelled. Therefore, the total number of Ordinary Shares in issue and carrying voting rights is 179,377,898 with no Ordinary Shares held in treasury.
The above figure of 179,377,898 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.
 Enquiries:



Real Estate Investors Plc
Paul Bassi/Marcus Daly
 


+44 (0)121 212 3446




Cenkos Securities
Katy Birkin/Ben Jeynes
 


+44 (0)20 7397 8900




 
Liberum
Jamie Richards/William Hall
  


+44 (0)20 3100 2000




Allenby Capital
Nick Naylor/Asha Chotai
 


+44 (0)20 3328 5656




Novella Communications
Tim Robertson/Fergus Young


 
+44 (0)20 3151 7008
 



 
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.59 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.
 
 

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