Regional REIT Limited Director/PDMR Shareholding (2618A)

TIDMRGL

RNS Number : 2618A

Regional REIT Limited

22 December 2017

22 December 2017

Regional REIT Limited (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them ("PCA").

On 4 December 2017, the Board of Regional REIT Limited announced details of a share issue to raise gross proceeds of c.GBP50 million by way of a Firm Placing and additional gross proceeds of up to GBP50 million by way of a Placing, Open Offer and Offer for Subscription (together the "Share Issue").

The Company announces that the following named PDMRs or persons closely associated with such PDMRs acquired the following ordinary shares in the Company pursuant to the Share Issue.

 
 PDMR             Position    Shares acquired   Total beneficial holding 
                                                 after acquisition 
---------------  ----------  ----------------  ------------------------- 
 Kevin McGrath    Chairman    297,030           297,030 
---------------  ----------  ----------------  ------------------------- 
 Daniel 
  Taylor          NED         100,00            350,000 
---------------  ----------  ----------------  ------------------------- 
 

The Notification of Dealing Form for each PDMR can be found below.

This notification is made in accordance with the Market Abuse Regulation.

Notification of Deal Form

 
 1     Details of PDMR/PCA 
----  ----------------------------------------------------------- 
 (a)   Name                   Mr. Kevin McGrath re Olivia McGrath 
                               and Cornelius McGrath 
----  ---------------------  ------------------------------------ 
 (b)   Position /             Chairman 
        status 
----  ---------------------  ------------------------------------ 
 (c)   Initial notification   Initial notification 
        / amendment 
----  ---------------------  ------------------------------------ 
 2     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            Ordinary shares of no par value 
        of the financial 
        instrument             ISIN: GB00BYV2ZQ34 
        Identification 
        Code 
----  ---------------------  ------------------------------------ 
 (b)   Nature of the          Purchase of shares. 
        transaction 
----  ---------------------  ------------------------------------ 
 (c)   Price(s) and            Price(s)        Volume(s) 
        volume(s)              --------------  ---------- 
                                GBP 1.01 per 
                                 share          297,030 
                               --------------  ---------- 
----  ---------------------  ------------------------------------ 
 (d)  Aggregated 
       information              297,030 
       Aggregated               GBP 1.01 
       volume                   GBP 300,000.30 
       Aggregated 
       price 
       Aggregated 
       total 
----  ---------------------  ------------------------------------ 
 (e)  Date of the             21 December 2017 
       transaction 
----  ---------------------  ------------------------------------ 
 (f)  Place of the            London Stock Exchange 
       transaction 
----  ---------------------  ------------------------------------ 
 
 1     Details of PDMR/PCA 
----  ----------------------------------------------------------- 
 (a)   Name                   Mr. Daniel Taylor 
----  ---------------------  ------------------------------------ 
 (b)   Position /             Non-Executive Director 
        status 
----  ---------------------  ------------------------------------ 
 (c)   Initial notification   Initial notification 
        / amendment 
----  ---------------------  ------------------------------------ 
 2     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            Ordinary shares of no par value 
        of the financial 
        instrument             ISIN: GB00BYV2ZQ34 
        Identification 
        Code 
----  ---------------------  ------------------------------------ 
 (b)   Nature of the          Purchase of shares. 
        transaction 
----  ---------------------  ------------------------------------ 
 (c)   Price(s) and            Price(s)        Volume(s) 
        volume(s)              --------------  ---------- 
                                GBP 1.01 per 
                                 share          100,000 
                               --------------  ---------- 
----  ---------------------  ------------------------------------ 
 (d)  Aggregated 
       information              100,000 
       Aggregated               GBP 1.01 
       volume                   GBP 101,000 
       Aggregated 
       price 
       Aggregated 
       total 
----  ---------------------  ------------------------------------ 
 (e)  Date of the             21 December 2017 
       transaction 
----  ---------------------  ------------------------------------ 
 (f)  Place of the            London Stock Exchange 
       transaction 
----  ---------------------  ------------------------------------ 
 

LEI: 549300D8G4NKLRIKBX73

For further information, please contact:

 
 Link Company Matters Limited    01392 477 571 
 
 

Enquiries:

Regional REIT Limited

Press Enquiries through Headland

 
 Toscafund Asset Management      Tel: [phone] 
  Investment Manager to           6100 
  the Group 
  Adam Dickinson, Investor 
  Relations for Regional 
  REIT Limited 
 London & Scottish Investments   Tel: +44 (0) 141 
  Limited                         248 4155 
  Asset Manager to the Group 
  Stephen Inglis, Derek 
  McDonald 
 Headland                        Tel: [phone] 
  Financial PR                    4822 
  Francesca Tuckett, Bryony 
  Sym, Jack Gault 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 22, 2017 07:45 ET (12:45 GMT)