Real Estate Investors PLC Director/PDMR Shareholding (3625T)

TIDMRLE

RNS Number : 3625T

Real Estate Investors PLC

19 March 2019

19 March 2019

Real Estate Investors Plc

("REI" or the "Company")

Directors Dealing

Real Estate Investors Plc (AIM: RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.55 million sq ft of commercial property in the Midlands property market across all sectors, announces that it has been notified that today, Marcus Daly, Finance Director of the Company, bought 101,000 Ordinary Shares at a price of 50.25p per share. Following this transaction Mr Daly holds 1,864,850 Ordinary Shares, representing 1.00 per cent of the Company's issued share capital.

Enquiries:

 
 Real Estate Investors Plc 
  Paul Bassi                     [phone] 
 Cenkos Securities plc 
  Azhic Basirov/David Jones      [phone] 
 Liberum 
  Jamie Richards/William Hall    [phone] 
 Novella Communications 
  Tim Robertson/Toby Andrew      [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 1.55 million sq ft of 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 of central Birmingham and 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 a progressive dividend which is paid quarterly. Further information on the Company can be found at www.reiplc.com

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                                      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              Ordinary shares of 10p each 
        instrument, type of instrument 
      ----------------------------------------  ------------------------------ 
       Identification code                       GB00B45XLP34 
      ----------------------------------------  ------------------------------ 
 b)    Nature of the transaction                 Share purchase 
      ----------------------------------------  ------------------------------ 
 c)    Price(s) and volumes(s)                   Price(s)        Volume(s) 
      ----------------------------------------  --------------  -------------- 
                                                 50.25p          101,000 
 ---------------------------------------------  --------------  -------------- 
 d)    Aggregated information 
      ------------------------------------------------------------------------ 
  Aggregated volume                              N/A - single transaction 
 ---------------------------------------------  ------------------------------ 
  Price                                          N/A - single transaction 
 ---------------------------------------------  ------------------------------ 
 e)    Date of the transaction                   19 March 2019 
      ----------------------------------------  ------------------------------ 
 f)    Place of the transaction                  AIMX 
      ----------------------------------------  ------------------------------ 
 

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March 19, 2019 13:39 ET (17:39 GMT)