23 December 2014
Real Estate Investors Plc
(“Real Estate Investors” or “the Company”)
Result of General Meeting
Real Estate Investors plc (AIM:RLE), the West Midlands based property group, announces that at the general meeting held earlier today, the resolution was duly passed.
As a result, the directors intend to register the Company as a REIT with effect from 1 January 2015. The regime provides Real Estate Investors with a number of tax efficiencies, access to a global specialist investor base and is consistent with the Company’s commitment to a progressive dividend policy.
Enquiries:
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Real Estate Investors Plc Paul Bassi |
T: +44 (0)121 265 6400
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Smith & Williamson Corporate Finance Limited Azhic Basirov |
T: +44 (0)20 7131 4000
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Liberum Capital Chris Bowman / Jamie Richards |
T: +44 (0)20 3100 2000
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Gable Communications Limited John Bick |
T: +44 (0)20 7193 7463 M: +44 (0)7872 061007 |
Notes to Editors
Real Estate Investors is an AIM listed property investment company with a £100 million commercial and residential portfolio principally in the West Midlands and central England.
Real Estate Investors 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.
Real Estate Investors is led by respected property investor Paul Bassi CBE, who has over 30 years of property experience in the West Midlands. Mr Bassi is also founder and non-executive chairman of Bond Wolfe and non-executive chairman of CP Bigwood Chartered Surveyors. Real Estate Investors was admitted to trading on AIM in June 2004. Further information on Real Estate Investors can be found at www.reiplc.barques.dev.
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