Aim Rule 26

The information referred to in this section is being disclosed for the purposes of AIM Rule 26 and was last updated on 31 August 2018.

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)

Board committees

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.

Audit 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.

 

Remuneration Committee

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 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.

Company secretary

Marcus H P Daly

Email:    marcus@reiplc.com

Admission documents

Trading information

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 43.95% 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 – 8.90%

Ruffer Absolute Return Fund – 6.89%

Majedie Asset Management – 5.91%

M&G Investment Management – 5.60%

PPS Bassi – 5.51%

EFG Harris Allday – 4.81%

Invesco Perpetual UK Equity Pension Fund – 4.64%

CF Ruffer Total Return Fund – 4.16%

Miton Asset Management – 4.13%

Aberdeen Standard Investments – 3.25%

Latest financial reports

Circulars

Nominated adviser

Smith & Williamson
25 Moorgate
London
EC2R 6AY

Tel:         020 7131 4000

Brokers

Liberum Capital
Ropemaker Place
Level 12
25 Ropemaker Street
London
EC2Y 9LY

Tel:      020 3100 2000

Auditors

Grant Thornton Birmingham
Colmore Plaza
Colmore Circus
Birmingham
B4 6AT

Tel:      0121 212 4000

Solicitors

Gateley
One Eleven
Edmund Street
Birmingham
B3 2HJ

Tel:      0121 234 0000

Registrars

Link Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU

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.

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