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RLE Real Estate Investors Plc

33.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Real Estate Investors Plc LSE:RLE London Ordinary Share GB00B45XLP34 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 33.50 33.00 34.00 33.50 33.50 33.50 104,756 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Operators-nonres Bldgs 13.29M 10.93M 0.0633 5.29 57.84M

Real Estate Investors PLC Director/PDMR Shareholding (3218J)

29/03/2018 7:02am

UK Regulatory


Real Estate Investors (LSE:RLE)
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From Mar 2019 to Mar 2024

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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

DSHBRGDXLSDBGII

(END) Dow Jones Newswires

March 29, 2018 02:02 ET (06:02 GMT)

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