25 October 2012
Real Estate Investors plc
(“REI” or the “Company”)
Director’s Dealing
Real Estate Investors plc (AIM: RLE), the West Midlands based property group, announces that today, John Jack, Deputy Chairman of the Company, sold 50,000 ordinary shares of 10p each in the Company (“Ordinary Shares“) at a price of 42p per share to each of Paul Bassi, Chief Executive of the Company, and Marcus Daly, Finance Director of the Company (in aggregate, 100,000 Ordinary Shares).
Following this transaction Mr Jack’s interest in the Company amounts to 100,000 Ordinary Shares, representing 0.14 per cent of the issued share capital, Mr Bassi’s interest in the Company amounts to 9,050,000 Ordinary Shares, representing 12.67 per cent of the issued share capital and Mr Daly’s interest in the Company amounts to 735,000 Ordinary Shares, representing 1.03 per cent of the issued share capital.
Enquiries:
|
Real Estate Investors PLC Paul Bassi
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+44 (0)121 212 3446 |
|
Smith & Williamson Corporate Finance Limited Azhic Basirov / Siobhan Sergeant
|
+44 (0)20 7131 4000 |
|
Liberum Chris Bowman / Richard Bootle
|
+44 (0)20 3100 2000 |
Notes to Editors
1. REI is an AIM listed property investment company specialising in commercial and residential property principally in the West Midlands and central England.
2. REI is focused on delivering shareholder value through returns generated from strong yields and capital enhancements. This is achieved by targeting investments in orphaned, distressed, part-let and underperforming commercial and residential property assets.
3. REI is led by respected property investor Paul Bassi CBE, who has over 25 years of property experience in the West Midlands. Mr Bassi is also founder and chairman of Bond Wolfe and non-executive chairman of CP Bigwood Chartered Surveyors.
4. REI was admitted to trading on AIM in June 2004. As at 30 June 2012 its portfolio and inventories were valued at £73.5 million.
5. Further information on REI can be found at www.reiplc.barques.dev.
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