Real Estate Investors PLC Director/PDMR Shareholdings (8343R)
July 08 2022 - 4:14AM
UK Regulatory
TIDMRLE
RNS Number : 8343R
Real Estate Investors PLC
08 July 2022
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 20 June 2022 of the vesting of share
awards to Paul Bassi (Chief Executive) in respect of 219,492
ordinary shares of 10p each ("Ordinary Shares") and Marcus Daly
(Finance Director) in respect of 137,183 Ordinary Shares, on 7 July
2022, these directors exercised their right to acquire such
Ordinary Shares for nil consideration.
These Ordinary Shares, together with a further 59,861 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 416,536 new Ordinary
Shares to trading on AIM ("Admission"). Admission is expected to
occur on or around 8.00 a.m. on 14 July 2022.
Following Admission, the Company's issued share capital will
comprise 179,794,434 Ordinary Shares with 26 Ordinary Shares held
in treasury. Therefore the total number of voting rights in the
Company is 179,794,408. This figure of 179,794,408 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 12,219,492
Ordinary Shares (representing 6.79% of the Company's issued
ordinary share capital) and Marcus Daly will be interested in
2,513,487 Ordinary Shares (representing 1.40% 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
Cenkos Securities (Nominated Adviser)
Katy Birkin/Ben Jeynes +44 (0)20 7397 8900
Liberum (Broker)
Jamie Richards/William King +44 (0)20 3100 2000
Novella Communications
Tim Robertson/Safia Colebrook +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
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 progressive dividend policy. 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 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 Ordinary shares of 10p each
instrument, type of instrument
------------------------------------------ -------------------------------------
Identification code GB00B45XLP34
------------------------------------------ -------------------------------------
b) Nature of the transaction Exercise of right under 2019
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 219,492
------------------------------------------------------------------ -----------------
d) Aggregated information
---------------------------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------------ ------------------------------------------
Price N/A - single transaction
------------------------------------------ ------------------------------------------
e) Date of the transaction 7 July 2022
------------------------------------------ -------------------------------------
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 Ordinary shares of 10p each
instrument, type of instrument
------------------------------------------ -------------------------------------
Identification code GB00B45XLP34
------------------------------------------ -------------------------------------
b) Nature of the transaction Exercise of right under 2019
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 137,183
------------------------------------------------------------------ -----------------
d) Aggregated information
---------------------------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------------ ------------------------------------------
Price N/A - single transaction
------------------------------------------ ------------------------------------------
e) Date of the transaction 7 July 2022
------------------------------------------ -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ -------------------------------------
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