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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Secure Income Reit Plc | LSE:SIR | London | Ordinary Share | GB00BLMQ9L68 | 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% | 461.00 | 461.00 | 461.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSIR
RNS Number : 5227J
Secure Income REIT PLC
22 December 2020
22 December 2020
Secure Income REIT Plc
(the "Company" or "SIR")
GBP5.3 million increased personal holdings in shareholding by
Prestbury management team
Notification and disclosure of transactions by persons discharging managerial responsibilities
The members of the Management Team of Secure Income REIT Plc (the "Management Team") announce that they have today increased their personal holdings in the Company by way of an agreed buy-out of the ownership interests of a retiring non-executive director of the Prestbury management entities (the "Purchases").
Following the Purchases, the Management Team has, in aggregate, invested a further GBP5.3 million in cash, increasing their ownership of the Prestbury management entities and thereby increasing their personal indirect holdings in SIR. Following the transaction, the total ownership of SIR shares held by the management entities is unchanged, at 12.4% of SIR's issued share capital.
The SIR shares held by the management entities are subject to certain restrictions, both by way of their being controlled by people involved with the management of SIR and also by way of formal restriction on selling shares received in payment of incentive fees. These restrictions are unaffected by the transaction and continue to apply.
The Prestbury management entities are now wholly owned by Nick Leslau, Mike Brown, Sandy Gumm, Tim Evans and Ben Walford, who have together increased their effective interests in SIR in the amount of 1,994,290 shares, which were previously held indirectly by the retiring non-executive director.
The Management Team holdings following the Purchases are as follows:
Hot Features
Premium
Shares held (direct Shares held (direct
and indirect) prior and indirect) after
to the Purchases the Purchases
Nick Leslau 30,161,067 31,039,459
--------------------- ---------------------
Mike Brown 4,277,248 4,611,750
--------------------- ---------------------
Sandy Gumm 1,755,682 1,924,355
--------------------- ---------------------
Retiring shareholder 1,994,290 -
--------------------- ---------------------
Other management team
members 1,976,469 2,019,591
--------------------- ---------------------
Total held by the Management
Team 40,164,756 40,164,756
--------------------- ---------------------
Total held by the Management
Team as a percentage
of SIR's issued share
capital 12.4% 12.4%
--------------------- ---------------------
For further information on the Company, please contact:
Secure Income REIT Plc +44 20 7647 7647
Nick Leslau enquiries@SecureIncomeREIT.co.uk
Mike Brown
Sandy Gumm
Stifel Nicolaus Europe +44 20 7710 7600
Limited StifelSecureIncomeREIT@stifel.com
(Nominated Adviser)
Stewart Wallace
FTI Consulting +44 20 3727 1000
(PR Adviser) SecureIncomeREIT@fticonsulting.com
Dido Laurimore
Claire Turvey
Eve Kirmatzis
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nick Leslau
--------------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status PDMR
--------------------------------------- ----------------------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
a) Name Secure Income REIT Plc
--------------------------------------- ----------------------------------------------
b) LEI 213800M1VI451RU17H40
--------------------------------------- ----------------------------------------------
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 Ordinary shares (indirect interest)
financial instrument,
type of instrument
Identification code GB00BLMQ9L68
b) Nature of the transaction Reorganisation of ownership of Prestbury
management entities resulting in an
increase in indirect holdings
c) Price(s) and volume(s)
-------------------- ---------------------
Price(s) Volume(s)
-------------------- ---------------------
265.2 p 878,392
-------------------- ---------------------
d) Aggregated information
- Aggregated volume 878,392 shares
- Price 265.2p
e) Date of the transaction 22 December 2020
f) Place of the transaction Off market
--------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mike Brown
--------------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status PDMR
--------------------------------------- ----------------------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
a) Name Secure Income REIT Plc
--------------------------------------- ----------------------------------------------
b) LEI 213800M1VI451RU17H40
--------------------------------------- ----------------------------------------------
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 Ordinary shares (indirect interest)
financial instrument,
type of instrument
Identification code GB00BLMQ9L68
b) Nature of the transaction Reorganisation of ownership of Prestbury
management entities resulting in an
increase in indirect holdings
c) Price(s) and volume(s)
-------------------- ---------------------
Price(s) Volume(s)
-------------------- ---------------------
265.2 p 334,502
-------------------- ---------------------
d) Aggregated information
- Aggregated volume 334,502 shares
- Price 265.2p
e) Date of the transaction 22 December 2020
f) Place of the transaction Off market
--------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sandy Gumm
--------------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status PDMR
--------------------------------------- ----------------------------------------------
b) Initial notification Initial
/Amendment
--------------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
a) Name Secure Income REIT Plc
--------------------------------------- ----------------------------------------------
b) LEI 213800M1VI451RU17H40
--------------------------------------- ----------------------------------------------
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 Ordinary shares (indirect interest)
financial instrument,
type of instrument
Identification code GB00BLMQ9L68
b) Nature of the transaction Reorganisation of ownership of Prestbury
management entities resulting in an
increase in indirect holdings
c) Price(s) and volume(s)
-------------------- ---------------------
Price(s) Volume(s)
-------------------- ---------------------
265.2 p 168,673
-------------------- ---------------------
d) Aggregated information
- Aggregated volume 168,673 shares
- Price 265.2 p
e) Date of the transaction 22 December 2020
f) Place of the transaction Off market
--------------------------------------- ----------------------------------------------
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.
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END
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(END) Dow Jones Newswires
December 22, 2020 05:08 ET (10:08 GMT)
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