Real Estate Investors PLC Director/PDMR Shareholding (3218J)
March 29 2018 - 2:02AM
UK Regulatory
TIDMRLE
RNS Number : 3218J
Real Estate Investors PLC
29 March 2018
29 March 2018
Real Estate Investors Plc
("REI" or the "Company")
Grant of awards
Real Estate Investors Plc (AIM:RLE), the London Stock Exchange
listed Real Estate Investment Trust (REIT) with a portfolio of 1.5
million sq ft of commercial property in the Midlands property
market across all sectors, announces that on 28 March 2018 it
granted annual awards to two Directors and other employees under
the Real Estate Investors Plc Senior Executives Long Term Incentive
Plan adopted in 2010. The awards give rights to certain Directors
to acquire a total of 1,336,449 ordinary shares of 10p each in the
Company ("Ordinary Shares") as detailed below at a price of 1p per
share (in the case of an issue of new Ordinary Shares) or nil (in
the case of a transfer of existing Ordinary Shares). The vesting of
50% of the award is subject to a performance condition based on
total shareholder return, with 50% subject to a performance
condition based on net asset value per share growth including
dividends paid. The performance conditions will be measured over
the three years up to the vesting date with full vesting if 14%
levels of annual return/growth are achieved.
Award Holder Number of Ordinary Expected Vesting
Shares under Date
Award
------------- ------------------- -----------------
Paul Bassi 822,430 April 2021
------------- ------------------- -----------------
Marcus Daly 514,019 April 2021
------------- ------------------- -----------------
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/William Hall +44 (0)20 3100 2000
Gable Communications Limited +44 (0)20 7193 7463
John Bick +44 (0)7872 061 007
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 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 Share award, constituting
instrument, type of a right to acquire ordinary
instrument shares of 10p each
---- -------------------------------- --------------------------------
Identification code GB00B45XLP34
---- -------------------------------- --------------------------------
b) Nature of the transaction Grant of annual award
under the Real Estate
Investors Plc Senior
Executives Long Term
Incentive Plan. The
award gives rights to
acquire ordinary shares
in the Company ("Ordinary
Shares") at a price
of 1p per share (in
the case of an issue
of new Ordinary Shares)
or nil (in the case
of a transfer of existing
Ordinary Shares). The
vesting of 50% of the
award is subject to
a performance condition
based on total shareholder
return with 50% subject
to a performance condition
based on net asset value
per share growth including
dividends paid. The
performance conditions
will be measured over
the three years up to
the vesting date (April
2021) with full vesting
if 14% levels of annual
return/growth are achieved
---- -------------------------------- --------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- --------------- ---------------
nil 822,430
----------------------------------------------------- ---------------
d) Aggregated information
---- ------------------------------------------------------------------
Aggregated volume N/A - single transaction
-------------------------------- -------------------------------------
Price N/A - single transaction
-------------------------------- -------------------------------------
e) Date of the transaction 28 March 2018
---- -------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------- --------------------------------
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 Share award, constituting
instrument, type of a right to acquire ordinary
instrument shares of 10p each
---- -------------------------------- --------------------------------
Identification code GB00B45XLP34
---- -------------------------------- --------------------------------
b) Nature of the transaction Grant of annual award
under the Real Estate
Investors Plc Senior
Executives Long Term
Incentive Plan. The
award gives rights to
acquire ordinary shares
in the Company ("Ordinary
Shares") at a price
of 1p per share (in
the case of an issue
of new Ordinary Shares)
or nil (in the case
of a transfer of existing
Ordinary Shares). The
vesting of 50% of the
award is subject to
a performance condition
based on total shareholder
return with 50% subject
to a performance condition
based on net asset value
per share growth including
dividends paid. The
performance conditions
will be measured over
the three years up to
the vesting date (April
2021) with full vesting
if 14% levels of annual
return/growth are achieved
---- -------------------------------- --------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- --------------- ---------------
nil 514,019
----------------------------------------------------- ---------------
d) Aggregated information
---- ------------------------------------------------------------------
Aggregated volume N/A - single transaction
-------------------------------- -------------------------------------
Price N/A - single transaction
-------------------------------- -------------------------------------
e) Date of the transaction 28 March 2018
---- -------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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