19 March 2019
Real Estate Investors Plc
(“REI” or the “Company”)
Directors Dealing
Real Estate Investors Plc (AIM: RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.55 million sq ft of commercial property in the Midlands property market across all sectors, announces that it has been notified that today, Marcus Daly, Finance Director of the Company, bought 101,000 Ordinary Shares at a price of 50.25p per share. Following this transaction Mr Daly holds 1,864,850 Ordinary Shares, representing 1.00 per cent of the Company’s issued share capital.
Enquiries:
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Real Estate Investors Plc Paul Bassi
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+44 (0)121 212 3446 |
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Cenkos Securities plc Azhic Basirov/David Jones
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+44 (0)20 7397 8900 |
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Liberum Jamie Richards/William Hall
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+44 (0)20 3100 2000 |
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Novella Communications Tim Robertson/Toby Andrew |
+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 1.55 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 which is paid quarterly. Further information on the Company can be found at www.reiplc.barques.dev
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
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Marcus Daly |
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2 |
Reason for the notification |
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a) |
Position/status |
PDMR (Director) |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Real Estate Investors Plc |
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b) |
LEI |
21380015X5JMEGUHPD83 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 10p each |
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Identification code |
GB00B45XLP34 |
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b) |
Nature of the transaction |
Share purchase |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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50.25p |
101,000 |
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d) |
Aggregated information |
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Aggregated volume |
N/A – single transaction |
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Price |
N/A – single transaction |
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e) |
Date of the transaction |
19 March 2019 |
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f) |
Place of the transaction |
AIMX |
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END
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