Real Estate Investors PLC Director/PDMR Shareholding (6030Y)
December 06 2017 - 9:38AM
UK Regulatory
TIDMRLE
RNS Number : 6030Y
Real Estate Investors PLC
06 December 2017
6 December 2017
Real Estate Investors Plc
("REI" or the "Company")
Directors Dealing
Real Estate Investors Plc (AIM: RLE), the Birmingham based
property group and UK listed Real Estate Investment Trust,
announces that it has been notified that today, Marcus Daly,
Finance Director of the Company, bought 40,000 Ordinary Shares at a
price of 58.5p per share. Following this transaction Mr Daly holds
1,680,000 Ordinary Shares, representing 0.90 per cent of the
Company's issued share capital.
Enquiries:
Real Estate Investors Plc
Paul Bassi +44 (0)121 212 3446
Smith & Williamson Corporate
Finance Limited
Azhic Basirov/David Jones +44 (0)20 7131 4000
Liberum
Jamie Richards/Ben Roberts +44 (0)20 3100 2000
Gable Communications Limited +44 (0)20 7193 7463
John Bick +44 (0)7872 061 007
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted property
investment company with a portfolio of 1.4 million sq ft of
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 of central Birmingham
and 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 a progressive dividend
policy. Further information on the Company can be found at
www.reiplc.com.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
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 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
instrument, type of each
instrument
---- -------------------------------- ---------------------------
Identification code GB00B45XLP34
---- -------------------------------- ---------------------------
b) Nature of the transaction Share purchase
---- -------------------------------- ---------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ------------ -------------
58.5p 40,000
------------------------------------- ------------ -------------
d) Aggregated information
---- -------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------- ---------------------------
Price N/A - single transaction
------------------------------------- ---------------------------
e) Date of the transaction 6 December 2017
---- -------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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