Director/PDMR Shareholding

RNS Number : 8821N

Real Estate Investors PLC

11 May 2018

 

11 May 2018

Real Estate Investors Plc

("REI" or the "Company")

Vesting of awards

Real Estate Investors Plc (AIM: RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.5 million sq ft of commercial property in the Midlands property market across all sectors, announces that share awards made in June 2015 to directors of the Company vested yesterday at 16.7% (based on performance conditions) in the following amounts: Paul Bassi (Chief Executive) 146,737 ordinary shares; and Marcus Daly (Finance Director) 83,850 ordinary shares.  The directors now have the right to be issued with the shares awarded (for nil or nominal consideration) although such issues have not yet occurred and remain subject to the exercise by the directors of their right.

Enquiries:

Real Estate Investors Plc Paul Bassi	[phone]
Smith & Williamson Corporate Finance Limited Azhic Basirov/David Jones	[phone]
Liberum Jamie Richards/William Hall	[phone]
Gable Communications Limited John Bick	[phone] [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 1.5 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 policy. Further information on the Company can be found at www.reiplc.com.

 

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