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 29 November 2023.

Board of Directors

William Wyatt  (Non-Executive Chairman)

Paul Bassi CBE (Chief Executive Officer)

Marcus Daly (Finance Director)

Ian Stringer (Non-Executive Director)

Peter London (Non-Executive Director)

Directors & Management Bios – https://reiplc.com/about/directors-management/

 

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, W Wyatt and I Stringer, 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.barques.dev

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

173,844,434 Ordinary 10p shares. The securities are currently traded on AIM. There are currently no restrictions on the transfer of the Company’s ordinary shares.

AIM securities in issue not in public hands

The information below is correct at 29 November 2023.

Shares not in public hands amounted to 32.66% of the Issued Share Capital.

Shareholders with > 3%

The information below is correct at 29 November 2023.

Issued Share Capital

173,844,434 Ordinary 10p shares.

The securities are currently traded on AIM.

There are currently no restrictions on the transfer of securities.

Major shareholders (3% or over)

Hargreaves Lansdown – 10.46%

J O Hambro Capital Management – 10.01%

PPS Bassi – 9.57%

Harwood Capital – 9.48%

Premier Miton Investors – 8.74%

Interactive Investors – 6.63%

Aberdeen Standard Investments – 4.30%

EFG Harris Allday – 3.47%

AJ Bell – 3.28%

Shares not in public hands amounted to 32.66% of the Issued Share Capital.

REI PLC – REAL ESTATE INVESTORS PLC – AIM listed

Latest financial reports

Circulars

Nominated adviser

Cavendish Securities plc, One Bartholomew Close, London, EC1A 7BL   
Tel:  020 7220 0500

Brokers

Liberum Capital, Ropemaker Place, Level 12, 25 Ropemaker Street, London, EC2Y 9LY
Tel:      020 3100 2000

Auditors

Cooper Parry, One Central Boulevard, Blythe Valley Business Park, Solihull, B90 8BG
Tel:      0121 456 4456

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 £190 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.

Regulatory news

Articles of Association