24 June 2024
Real Estate Investors Plc
(“REI” or the “Company”)
Director/PDMR Shareholding
Real Estate Investors Plc (AIM:RLE), the UK’s only Midlands-focused Real Estate Investment Trust (REIT), with a portfolio of commercial property across all sectors, announces that it has today been notified that on 21 June 2024 Paul Bassi, the Company’s Chief Executive, purchased 107,165 ordinary shares in the Company (“Ordinary Shares”) at a price of 36.25 pence per Ordinary Share.
Following this purchase, Paul Bassi is now beneficially interested in a total of 17,000,000 Ordinary Shares, representing 9.75% of the Company’s issued ordinary share capital.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
Enquiries:
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Real Estate Investors Plc Paul Bassi/Marcus Daly |
+44 (0)121 212 3446 |
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Cavendish Capital Markets Limited (Nominated Adviser) Katy Birkin/Ben Jeynes |
+44 (0)20 7220 0500 |
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Liberum (Broker) Jamie Richards/William King |
+44 (0)20 3100 2000 |
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use 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 across 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 its dividend policy. Further information on the Company can be found at www.reiplc.com.
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 |
Paul Bassi
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2 |
Reason for the notification
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a) |
Position/status |
Chief Executive
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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 |
Purchase of ordinary shares
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s)
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36.25 pence |
107,165 |
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d) |
Aggregated information
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Aggregated volume |
N/A
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Price |
N/A
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e) |
Date of the transaction |
21 June 2024
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f) |
Place of the transaction |
AIMX
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