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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 | 11,930 | 07:45:38 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Operators-nonres Bldgs | 13.29M | 10.93M | 0.0633 | 5.29 | 57.84M |
From Apr 2019 to Apr 2024
TIDMRLE
RNS Number : 9414T
Real Estate Investors PLC
25 March 2019
25 March 2019
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 1.55 million sq ft of commercial property in the Midlands property market across all sectors, announces that on 25 March 2019 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 1,375,000 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.
Hot Features
Premium
Award Holder Number of Ordinary Expected Vesting
Shares under Award Date
Paul Bassi 846,154 April 2022
-------------------- -----------------
Marcus Daly 528,846 April 2022
-------------------- -----------------
Enquiries:
Real Estate Investors Plc Paul Bassi +44 (0)121 212 3446 Cenkos Securities Azhic Basirov/David Jones +44 (0)20 7397 8900 Liberum Jamie Richards/William Hall +44 (0)20 3100 2000 Novella Communications Tim Robertson/Toby Andrew +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 1.55 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 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 a
instrument, type of instrument right to acquire ordinary 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 2022) with full vesting
if 14% levels of annual return/growth
are achieved
---------------------------------------- ------------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- -------------------- --------------------
nil 846,154
------------------------------------------------------------------ --------------------
d) Aggregated information
------------------------------------------------------------------------------------
Aggregated volume N/A - single transaction
---------------------------------------- -----------------------------------------------
Price N/A - single transaction
---------------------------------------- -----------------------------------------------
e) Date of the transaction 25 March 2019
---------------------------------------- ------------------------------------------
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 a
instrument, type of instrument right to acquire ordinary 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 2022) with full vesting
if 14% levels of annual return/growth
are achieved
---------------------------------------- ------------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- -------------------- --------------------
nil 528,846
------------------------------------------------------------------ --------------------
d) Aggregated information
------------------------------------------------------------------------------------
Aggregated volume N/A - single transaction
---------------------------------------- -----------------------------------------------
Price N/A - single transaction
---------------------------------------- -----------------------------------------------
e) Date of the transaction 25 March 2019
---------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------- ------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHBRGDXRGDBGCU
(END) Dow Jones Newswires
March 25, 2019 13:09 ET (17:09 GMT)
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