Real Estate Investors PLC Director/PDMR Shareholding (8821N)
May 11 2018 - 12:30PM
UK Regulatory
TIDMRLE
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 +44 (0)121 212 3446
Smith & Williamson Corporate
Finance Limited
Azhic Basirov/David Jones +44 (0)20 7131 4000
Liberum
Jamie Richards/William Hall +44 (0)20 3100 2000
Gable Communications Limited +44 (0)20 7193 7463
John Bick +44 (0)7872 061 007
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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