Custodian REIT plc : Directors' purchase of ordinary shares (1351401)
May 12 2022 - 9:57AM
UK Regulatory
Custodian REIT plc (CREI) Custodian REIT plc : Directors'
purchase of ordinary shares 12-May-2022 / 14:57 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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12 May 2022
Custodian REIT plc
("Custodian REIT" or "the Company")
Directors' purchase of ordinary shares
Custodian REIT (LSE: CREI), the UK property investment company
focused on small lot-sizes, announces the purchase of ordinary
shares in the Company by all of its Independent Non-Executive
Directors.
David Hunter, Chairman of the Custodian REIT, commented: "I
thank my colleagues for the support they have shown the Company in
making the purchases detailed below which closer align the
Independent Directors' interests with the long-term interests of
our shareholders, without impacting their independence. These
purchases reflect the Directors' view that the Company's current
share price does not sufficiently reflect the true value of its net
assets."
Consideration
Director Number of shares purchased GBP000
Chris Ireland 24,542 25
Hazel Adam 19,566 20
David Hunter 10,000 10
Matthew Thorne 10,000 10
Elizabeth McMeikan 10,000 10
74,108 75
Following these purchases, the Directors' interests in ordinary
shares of the Company are:
Number of shares % holding
Ian Mattioli[1] 4,842,451 1.10%
Chris Ireland 50,345 0.01%
David Hunter 39,000 0.01%
Matthew Thorne 39,000 0.01%
Elizabeth McMeikan 20,400 0.00%
Hazel Adam 19,566 0.00%
5,010,762 1.14%
The Directors of the Company are satisfied they are not in
possession of any inside information which has not already been
notified via a Regulatory Information Service.
Disclosure required by Article 19.3 of Regulation (EU) No.
596/2014 on market abuse (the "Market Abuse Regulations") regarding
these purchases is set out below.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
The Company was notified on 10 May 2022 of the following
transactions by Non-Executive Directors of the Company relating to
the purchase of ordinary shares.
1 Details of the person discharging managerial responsibilities / person closely associated
Chris Ireland
Hazel Adam
a) Names
David Hunter
Matthew Thorne
Elizabeth McMeikan
2 Reason for the notification
Chris Ireland - Non-Executive Director
Hazel Adam - Non-Executive Director
a) Position/status David Hunter - Non-Executive Director
Matthew Thorne - Non-Executive Director
Elizabeth McMeikan - Non-Executive Director
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a) Name
Custodian REIT plc
b) LEI
2138001BOD1J5XK1CX76
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
Ordinary Shares of 1 pence per share
Description of the financial instruments, type of instruments
a)
Identification code
GB00BJFLFT45
b) Nature of the transactions
Purchase of Shares
Director Price Volume
Chris Ireland 101.35 pence 24,542
Hazel Adam 101.65 pence 19,566
c) Price(s) and volume(s)
David Hunter 101.60 pence 10,000
Matthew Thorne 101.80 pence 10,000
Elizabeth McMeikan 101.79 pence 10,000
Aggregated information
d) - Aggregated volume
74,108
- Price
101.58 pence
Nature of the transactions
e) Purchase of shares
h) Date of the transactions
10 May 2022
i) Place of the transactions
London Stock Exchange
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon publication of this
announcement, this information is now considered to be in the
public domain.
- Ends -
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740
www.custodiancapital.com
Numis Securities Limited
Nathan Brown / Hugh Jonathan Tel: +44 (0)20 7260 1000
www.numiscorp.com
Camarco
Ed Gascoigne-Pees Tel: +44 (0)20 3757 4984
www.camarco.co.uk
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[1] Comprising shares held by Ian, his wife and a charitable
trust under his control of 2,755,461 and 2,086,990 shares held by
other persons closely associated.
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ISIN: GB00BJFLFT45
Category Code: MSCH
TIDM: CREI
LEI Code: 2138001BOD1J5XK1CX76
Sequence No.: 161419
EQS News ID: 1351401
End of Announcement EQS News Service
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