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