Transaction in Own Shares

13th November 2020

RNS Number : 1945F
Real Estate Investors PLC
13 November 2020
 

Real Estate Investors Plc

(“REI” or the “Company”)

Transaction in Own Shares

Real Estate Investors Plc (AIM: RLE), the UK’s only Midlands-focused Real Estate Investment Trust (REIT) with a portfolio of 1.6 million sq ft of investment property across all sectors, announces that, on 12 November 2020, it purchased 80,000 ordinary shares of 10 pence each (the “Buyback Shares”) on the London Stock Exchange through Liberum Capital Limited (“Liberum”), in accordance with the terms of its share buyback programme announced on 20 October 2020 (the “Programme”). The Buyback Shares acquired will be held in treasury for cancellation.

Date of purchase:

12 November 2020

Aggregate number of ordinary shares purchased:

80,000

Lowest price paid per share (pence per share):

33.65

Highest price paid per share (pence per share):

33.65

Volume weighted average price paid per share (pence per share):

33.65

 

Following the purchase of the Buyback Shares, the Company will have 186,420,598 ordinary shares of 10 pence each in issue, of which 6,690,000 ordinary shares are held in treasury, all of which will be cancelled. Therefore, the total number of ordinary shares carrying voting rights will be 179,730,598.

 

The above figure of 179,730,598 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Liberum as part of the Programme.

 

Individual transactions:

 

Number of shares
purchased

Transaction price
(pence per share)

Time of transaction

Execution venue

80,000

33.65

16:33:07

AIMX

 

Enquiries:

Real Estate Investors Plc

Paul Bassi/Marcus Daly

 

 

+44 (0)121 212 3446

 

Cenkos Securities

Katy Birkin/Ben Jeynes

 

+44 (0)20 7397 8900

Liberum

Jamie Richards/William Hall

 

 

+44 (0)20 3100 2000

Allenby Capital

Nick Naylor/Asha Chotai

 

 

+44 (0)20 3328 5656

Novella Communications

Tim Robertson/Fergus Young

+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 1.59 million sq ft 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, which has enjoyed 7 years of consecutive growth.  Further information on the Company can be found at  www.reiplc.com.

 

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