Director/PDMR Shareholding

RNS Number : 1797Y

Real Estate Credit Inv. PCC Ltd

27 February 2012

 



Disclosure Transparency Rule 3.1.2

"Notification of transactions by persons discharging managerial responsibilities"; section 793 of the Companies Act 2006; and paragraph 26 of the Model Code. 

Real Estate Credit Investments PCC Limited

London, 27 February 2012 

The Company was advised on Friday, 24 February 2012 that Mr Thomas Chandos, Chairman of Real Estate Credit Investments PCC Limited,bought 220,000 Ordinary shares at a price of 84.75p per share through his pension fund.

Mr Chandos' direct interest in the Company is now therefore 280,000 Ordinary shares and 50,000 Preference shares and 24,000 European Residual Income Investments Cell ("ERII Cell") shares, in aggregate representing 0.70% of the issued Ordinary shares, 0.11% of the issued Preference shares and 0.06% of the issued ERII Cell shares.

In addition, Mr Chandos' children each bought 6,000 Ordinary shares at a price of 84.75p per share, together in aggregate they own 10,500 Ordinary shares, 5,625 Preference shares and 4,500 ERII Cell shares, representing 0.01% of the issued Ordinary shares, 0.01% of the issued Preference shares and 0.01% of the issued ERII Cell shares.

For further information please contact: 

Real Estate Credit Investments Limited Nicole von Westenholtz                                                                            Tel: [phone]

Liberum Capital (Financial Adviser) Chris Bowman / Tom Fyson / Richard Bootle                                           Tel: [phone]

M:Communications Henrietta Dehn                                                                                         Tel: [phone] Kate Ruck Keene                                                                                     Tel: [phone]

About Real Estate Credit Investments PCC Limited:

Real Estate Credit Investments PCC Limited (the "Company") is a Guernsey-incorporated investment company listed on the London Stock Exchange. The Company's investment objective is to provide ordinary shareholders with a levered exposure to a portfolio of real estate credit investments and a diversified and amortising portfolio of residual income positions, and to provide preference shareholders with stable returns in the form of quarterly dividends. The Company intends to focus on secured residential and commercial debt in the UK and Western Europe by exploiting opportunities in publically traded securities and real estate loans.  In making these investments the Company uses the expertise and knowledge of its investment manger, Cheyne Capital Management (UK) LLP. The Company has adopted a long term strategic approach to investing and focuses on identifying value.

 

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