Director/PDMR Shareholding

19th March 2019
RNS Number : 3625T
Real Estate Investors PLC
19 March 2019
 

 

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:

 

Real Estate Investors Plc

Paul Bassi

 

+44 (0)121 212 3446

Cenkos Securities plc

Azhic Basirov/David Jones

 

+44 (0)20 7397 8900

Liberum

Jamie Richards/William Hall

 

+44 (0)20 3100 2000

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.com

 

 

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

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marcus Daly

2

Reason for the notification

a)

Position/status

PDMR (Director)

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Real Estate Investors Plc

b)

LEI

21380015X5JMEGUHPD83

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

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10p each


Identification code

GB00B45XLP34

b)

Nature of the transaction

Share purchase

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

50.25p

101,000

d)

Aggregated information


Aggregated volume

N/A – single transaction


Price

N/A – single transaction

e)

Date of the transaction

19 March 2019

f)

Place of the transaction

AIMX

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 

END

 
 

DSHBRGDXIXBBGCC