Real Estate Investors PLC Director/PDMR Shareholding (2258A)
March 22 2017 - 9:52AM
UK Regulatory
TIDMRLE
RNS Number : 2258A
Real Estate Investors PLC
22 March 2017
22 March 2017
Real Estate Investors Plc
("REI" or the "Company")
Directors Dealing
Real Estate Investors Plc (AIM: RLE), the Birmingham based
property group and UK listed Real Estate Investment Trust,
announces that it has been notified that today, Paul Bassi, Chief
Executive of the Company, bought 100,000 ordinary shares of 10p
each in the Company ("Ordinary Shares") at a price of 58p per
share. Following this transaction Mr Bassi holds 10,120,000
Ordinary Shares, representing 5.43 per cent of the Company's issued
share capital. Also today, Marcus Daly, Finance Director of the
Company, bought 100,000 Ordinary Shares at a price of 58p per
share. Following this transaction Mr Daly holds 1,640,000 Ordinary
Shares, representing 0.88 per cent of the Company's issued share
capital.
Enquiries:
Real Estate Investors Plc
Paul Bassi +44 (0)121 212 3446
Smith & Williamson Corporate
Finance Limited
Azhic Basirov/David Jones +44 (0)20 7131 4000
Liberum
Jamie Richards/Ben Roberts +44 (0)20 3100 2000
Gable Communications Limited +44 (0)20 7193 7463
John Bick +44 (0)7872 061 007
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted property
investment company with a portfolio of 1.4 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
policy. 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 Paul Bassi
---- -------------------------------- ---------------------------
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 -
---- -------------------------------- ---------------------------
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 New ordinary shares
instrument, type of of 10p each
instrument
---- -------------------------------- ---------------------------
Identification code GB00B45XLP34
---- -------------------------------- ---------------------------
b) Nature of the transaction Share purchase
---- -------------------------------- ---------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ------------ -------------
58p 100,000
------------------------------------- ------------ -------------
d) Aggregated information
---- -------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------- ---------------------------
Price N/A - single transaction
------------------------------------- ---------------------------
e) Date of the transaction 22 March 2017
---- -------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------------- ---------------------------
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 -
---- -------------------------------- ---------------------------
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 New ordinary shares
instrument, type of of 10p each
instrument
---- -------------------------------- ---------------------------
Identification code GB00B45XLP34
---- -------------------------------- ---------------------------
b) Nature of the transaction Share purchase
---- -------------------------------- ---------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ------------ -------------
58p 100,000
------------------------------------- ------------ -------------
d) Aggregated information
---- -------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------- ---------------------------
Price N/A - single transaction
------------------------------------- ---------------------------
e) Date of the transaction 22 March 2017
---- -------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
---- -------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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