28 June 2011
REAL ESTATE INVESTORS PLC
(“REI” or the “Company” or the “Group”)
Result of AGM
Real Estate Investors plc (AIM:RLE), the West Midlands based property group, announces that, at the Annual General Meeting held earlier today, all resolutions were duly passed.
For further information:
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Real Estate Investors PLC Paul Bassi |
+44 (0)121 265 6400 |
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Liberum Capital Limited Chris Bowman / Richard Bootle |
+44 (0)20 3100 2000
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Smith & Williamson Corporate Finance Limited Azhic Basirov / Siobhan Sergeant |
+44 (0)20 7131 4000
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Tavistock Communications Jeremy Carey |
+44 (0)20 7920 3150 |
Notes to Editors
1. REI is an AIM listed property investment company specialising in commercial and residential property principally in the West Midlands and central England.
2. REI is focused on delivering shareholder value through returns generated from strong yields and capital enhancements. This is achieved by targeting investments in orphaned, distressed, part-let and underperforming commercial and residential property assets.
3. REI is led by respected property investor Paul Bassi CBE, who has over 25 years of property experience in the West Midlands. Mr Bassi is also founder and chairman of Bond Wolfe and chairman of CP Bigwood Chartered Surveyors.
4. REI was admitted to trading on AIM in June 2004 and has subsequently raised a total of £35 million in further equity issues as well as debt financing to grow its property portfolio. As at 31 December 2010, its portfolio and inventories were valued at £56 million.
5. Further information on REI can be found at www.reiplc.barques.dev.
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