Director/PDMR Shareholding

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.£50 million by way of a Firm Placing and additional gross proceeds of up to £50 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 / status	Chairman
(c)	Initial notification / amendment	Initial notification
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 of the financial instrument Identification Code	Ordinary shares of no par value ISIN: GB00BYV2ZQ34
(b)	Nature of the transaction	Purchase of shares.
(c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 1.01 per share 297,030
(d)	Aggregated information Aggregated volume Aggregated price Aggregated total	297,030 GBP 1.01 GBP 300,000.30
(e)	Date of the transaction	21 December 2017
(f)	Place of the transaction	London Stock Exchange
1	Details of PDMR/PCA
(a)	Name	Mr. Daniel Taylor
(b)	Position / status	Non-Executive Director
(c)	Initial notification / amendment	Initial notification
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 of the financial instrument Identification Code	Ordinary shares of no par value ISIN: GB00BYV2ZQ34
(b)	Nature of the transaction	Purchase of shares.
(c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 1.01 per share 100,000
(d)	Aggregated information Aggregated volume Aggregated price Aggregated total	100,000 GBP 1.01 GBP 101,000
(e)	Date of the transaction	21 December 2017
(f)	Place of the transaction	London Stock Exchange

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 Investment Manager to the Group Adam Dickinson, Investor Relations for Regional REIT Limited	Tel: [phone]
London & Scottish Investments Limited Asset Manager to the Group Stephen Inglis, Derek McDonald	Tel: [phone]
Headland Financial PR Francesca Tuckett, Bryony Sym, Jack Gault	Tel: [phone]

 

END

 

 

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