Board of Directors
John Crabtree OBE (Non-Executive Chairman)
Paul Bassi CBE (Chief Executive Officer)
Marcus Daly (Finance Director)
William Wyatt (Non-Executive Director)
Peter London (Non-Executive Director)
The Board is responsible for overall Group strategy, approval of property and corporate acquisitions and disposals, approval of substantial items of capital expenditure, and consideration of significant operational and financial matters. The Board has established both an Audit and Remuneration Committee. Given the small size of the Board, it is not considered necessary to establish a separate Nominations Committee.
The Audit Committee comprises 2 Non-Executive Directors, JRA Crabtree and W Wyatt, and the Finance Director, by invitation. The committee oversees the adequacy of the Group’s internal controls, accounting policies and financial reporting and provides a forum through which the Group’s external auditor reports to the Non-Executive Directors.
The Remuneration Committee is made up of the 3 Non-Executive Directors and the Chief Executive, by invitation. The terms of reference of the Committee are to review and make recommendations to the Board regarding the terms and conditions of employment of the Executive Directors.
Country of incorporation
England and Wales
Corporate governance and the takeover code
The Board is aware of the best practice defined by the UK Corporate Governance Code and seeks to adopt procedures to institute good governance insofar as practical and appropriate for a Group of its size while retaining its focus on the entrepreneurial success of the business.
The Company is incorporated in England and Wales and is admitted to trading on AIM; as a result it is subject to the UK City Code on Takeovers and Mergers.
Marcus H P Daly
Shares in Real Estate Investors plc are only traded on AIM, a market operated by the London Stock Exchange plc.
Real Estate Investors Plc has not applied or agreed to have any of its securities admitted or traded to any other exchange or platform.
There are currently no restrictions on the transfer of securities.
AIM securities in issue
186,420,598 Ordinary 10p shares.
The securities are currently traded on AIM.
AIM securities in issue not in public hands
Shares not in public hands amounted to 44.56% of the Issued Share Capital.
Shareholders with > 3%
Perpetual Income & Growth Investment Trust – 9.99%
J O Hambro Capital Management – 9.93%
Invesco Perpetual UK Strategic Income Fund – 9.51%
Majedie Asset Management – 8.51%
Ruffer Absolute Return Fund – 6.89%
PPS Bassi – 5.43%
Invesco Perpetual UK Equity Pension Fund – 4.64%
EFG Harris Allday – 4.33%
CF Ruffer Total Return Fund – 4.16%
Miton Asset Management – 4.05%
Aberdeen Standard Investments – 3.25%
Latest financial reports
Smith & Williamson
Tel: 020 7131 4000
25 Ropemaker Street
Tel: 020 3100 2000
Grant Thornton Birmingham
Tel: 0121 212 4000
Tel: 0121 234 0000
Link Asset Services
34 Beckenham Road
Tel: 0871 664 0300
Description of business
Formed in 2004, REI Plc is a publicly quoted property investment company with a portfolio of over £200 million in commercial and residential properties, diversified by property type and occupier with a geographical focus on Birmingham and the Midlands.
On 1st January 2015, REI Plc 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.