Real Estate Investors PLC Director/PDMR Shareholding (5682V)
April 19 2016 - 1:01AM
UK Regulatory
TIDMRLE
RNS Number : 5682V
Real Estate Investors PLC
19 April 2016
19 April 2016
Real Estate Investors plc
("REI" or the "Company")
Directors' Dealings
Real Estate Investors plc (AIM: RLE), the Birmingham based
property group and UK listed Real Estate Investment Trust,
announces that it was notified yesterday that on that day, Paul
Bassi, Chief Executive of the Company, bought 341,667 ordinary
shares of 10p each in the Company ("Ordinary Shares") at a price of
62p per share. Following this transaction (and the purchase of
375,000 Ordinary Shares announced on 22 December 2015) Mr Bassi
holds 10,000,000 Ordinary Shares, representing 5.36 per cent of the
Company's issued share capital.
Also yesterday, Marcus Daly, Finance Director of the Company,
bought 156,667 Ordinary Shares at a price of 62p per share.
Following this transaction (and the purchase of 375,000 Ordinary
Shares announced on 22 December 2015) Mr Daly holds 1,500,000
Ordinary Shares, representing 0.80 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/Tom Fyson +44 (0)20 3100 2000
Gable Communications Limited +44 (0)20 7193 7463
John Bick +44 (0)7872 061007
rei@gablecommunications.com
About Real Estate Investors plc
Real Estate Investors plc is a publicly quoted property
investment company with a portfolio of over 1,000,000 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 Real Estate
Investment Trust (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 with the view to implementing a
progressive dividend policy. Further information on the Company can
be found at www.reiplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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April 19, 2016 02:01 ET (06:01 GMT)