Real Estate Investors PLC Transaction in Own Shares (8943F)

TIDMRLE

RNS Number : 8943F

Real Estate Investors PLC

09 November 2022

9 November 2022

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 commercial property across all sectors, announces that on 9 November 2022, it purchased 6,000,000 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 9 November 2022 (the "Programme"). The Buyback Shares acquired will be held in treasury for cancellation.

 
 Date of purchase:                                  9 November 2022 
 Aggregate number of ordinary shares purchased:           6,000,000 
 Lowest price paid per share (pence per share):               28.00 
 Highest price paid per share (pence per share):              28.00 
 Volume weighted average price paid per share 
  (pence per share):                                          28.00 
 

Following the purchase of the Buyback Shares, the Company will have 179,794,434 ordinary shares of 10 pence each in issue, of which 6,000,026 ordinary shares are held in treasury, all of which will be cancelled. Therefore, the total number of ordinary shares carrying voting rights will be 173,794,408.

The above figure of 173,794,408 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 as it applies in the UK (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    Transaction   Time of transaction   Execution venue 
   shares        price 
  purchased    (pence per 
                 share) 
 6,000,000       28.00           16:30:00              AIMX 
 

Enquiries:

 
Real Estate Investors Plc 
 Paul Bassi/Marcus Daly          [phone] 
Cenkos Securities 
 Katy Birkin/Ben Jeynes          [phone] 
Liberum 
 Jamie Richards/Will King        [phone] 
Novella Communications 
 Tim Robertson/Safia Colebrook   [phone] 
 

About Real Estate Investors Plc

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.47 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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November 09, 2022 12:28 ET (17:28 GMT)