Custodian Property Income REIT plc: Directors’ purchase of ordinary shares
February 08 2024 - 7:06AM
EQS Regulatory News
Custodian Property Income REIT plc (CREI)
Custodian Property Income REIT plc: Directors’ purchase of ordinary
shares
08-Feb-2024 / 12:06 GMT/BST
8 February 2024
Custodian
Property Income REIT plc
(“the Company”)
Directors’
purchase of ordinary shares
Custodian Property Income REIT plc
(LSE: CREI), which seeks to deliver an enhanced income return by
investing in a diversified portfolio of smaller, regional
properties with strong income characteristics across the UK,
announces the purchase of ordinary shares in the Company by certain
of its Independent Non-Executive Directors.
Director
|
Number of shares
purchased
|
Consideration
£000
|
David MacLellan
|
144,500
|
101
|
Chris Ireland
|
72,155
|
50
|
Malcolm Cooper
|
70,300
|
50
|
|
286,955
|
201
|
Following these purchases, the
Directors’ interests in ordinary shares of the Company
are:
|
Number of
shares
|
% holding
|
|
|
|
Ian Mattioli[1]
|
6,069,506
|
1.38%
|
David MacLellan
|
144,500
|
0.03%
|
Chris Ireland
|
122,500
|
0.03%
|
Malcolm Cooper
|
115,300
|
0.03%
|
Elizabeth McMeikan
|
20,400
|
0.00%
|
Hazel Adam
|
19,566
|
0.00%
|
|
|
|
|
6,491,772
|
1.47%
|
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 7
February 2024 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
|
a)
|
Names
|
David MacLellan
Chris Ireland
Malcolm Cooper
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
David MacLellan - Non-Executive
Director
Chris Ireland - Non-Executive
Director
Malcolm Cooper - 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 Property Income 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
|
a)
|
Description of the financial
instruments, type of instruments
Identification code
|
Ordinary Shares of 1 pence per
share
GB00BJFLFT45
|
b)
|
Nature of the
transactions
|
Purchase of Shares
|
c)
|
Price(s) and volume(s)
|
Director
|
Price
|
Volume
|
David MacLellan
|
70.1 pence
|
144,500
|
Chris Ireland
|
69.3 pence
|
72,155
|
Malcolm Cooper
|
70.8 pence
|
70,300
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Weighted average price
|
286,955
70.1 pence
|
e)
|
Nature of the
transactions
|
Purchase of shares
|
h)
|
Date of the transactions
|
7 February 2024
|
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 / George
Shiel
|
Tel: +44 (0)20 7260 1000
|
|
www.numiscorp.com
|
|
|
FTI
Consulting
|
|
Richard Sunderland / Andrew Davis /
Oliver Parsons
|
Tel: +44 (0)20 3727 1000
|
|
custodianreit@fticonsulting.com
|
|
Tel: +44 (0)20 3727 1000
custodianreit@fticonsulting.com
|
[1] Comprising
shares held by Ian, his close family and a charitable trust under
his control.
Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group.
The issuer is solely responsible for the content of this
announcement.
|
| |
ISIN: |
GB00BJFLFT45 |
Category Code: |
MSCH |
TIDM: |
CREI |
LEI Code: |
2138001BOD1J5XK1CX76 |
OAM Categories: |
3.1. Additional regulated information required to be disclosed
under the laws of a Member State |
Sequence No.: |
302641 |
EQS News ID: |
1833629 |
|
End of Announcement |
EQS News Service |
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