Real Estate Investors PLC Transaction in Shares and Completion of Buyback (8329G)
November 30 2020 - 2:00AM
UK Regulatory
TIDMRLE
RNS Number : 8329G
Real Estate Investors PLC
30 November 2020
30 November 2020
Real Estate Investors Plc
(" REI " or the " Company ")
Transaction in Shares and Completion of Share Buyback
Programme
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 27 November 2020, it purchased 2,700
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").
Date of purchase: 27 November 2020
Aggregate number of ordinary shares purchased: 2,700
Lowest price paid per share (pence per share): 35.00
Highest price paid per share (pence per share): 35.00
Volume weighted average price paid per share
(pence per share): 35.00
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 Transaction Time of transaction Execution venue
purchased price
(pence per
share)
2,700 35.00 15:35:29 AIMX
Following the above transaction, the Company announces that the
Programme to purchase an aggregate market value of up to GBP2.0
million of the Company's ordinary shares of 10 pence each (the
"Ordinary Shares"), has been completed in accordance with its
terms.
In aggregate, between 20 October 2020 and 27 November 2020, the
Company repurchased 7,042,700 Ordinary Shares at an average
purchase price of 28.40 pence per share (the "Buyback Shares").
All 7,042,700 Buyback Shares purchased under the Programme
previously held in treasury have been cancelled. Therefore, the
total number of Ordinary Shares in issue and carrying voting rights
is 179,377,898 with no Ordinary Shares held in treasury.
The above figure of 179,377,898 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.
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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END
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