Real Estate Investors PLC Transaction in Own Shares (7949F)
19 November 2020 - 6:00PM
UK Regulatory
TIDMRLE
RNS Number : 7949F
Real Estate Investors PLC
19 November 2020
Real Estate Investors Plc
("REI" or the "Company")
Transaction in Own Shares
Real Estate Investors Plc (AIM: RLE), the UK's only
Midlands-focused Real Estate Investment Trust (REIT) with a
portfolio of 1.6 million sq ft of investment property across all
sectors, announces that, on 18 November 2020, it purchased 50,000
ordinary shares of 10 pence each (the "Buyback Shares") on the
London Stock Exchange through Liberum Capital Limited ("Liberum"),
in accordance with the terms of its share buyback programme
announced on 20 October 2020 (the "Programme"). The Buyback Shares
acquired will be held in treasury for cancellation.
Date of purchase: 18 November 2020
Aggregate number of ordinary shares purchased: 50,000
Lowest price paid per share (pence per share): 33.50
Highest price paid per share (pence per share): 33.50
Volume weighted average price paid per share
(pence per share): 33.50
Following the purchase of the Buyback Shares, the Company will
have 186,420,598 ordinary shares of 10 pence each in issue, of
which 6,890,000 ordinary shares are held in treasury, all of which
will be cancelled. Therefore, the total number of ordinary shares
carrying voting rights will be 179,530,598.
The above figure of 179,530,598 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), the table below contains
detailed information of the individual trades made by Liberum as
part of the Programme.
Individual transactions:
Number of shares Transaction Time of transaction Execution venue
purchased price
(pence per
share)
50,000 33.50 13:24:20 AIMX
Enquiries:
Real Estate Investors Plc
Paul Bassi/Marcus Daly +44 (0)121 212 3446
Cenkos Securities
Katy Birkin/Ben Jeynes +44 (0)20 7397 8900
Liberum
Jamie Richards/William Hall +44 (0)20 3100 2000
Allenby Capital
Nick Naylor/Asha Chotai +44 (0)20 3328 5656
Novella Communications
Tim Robertson/Fergus Young +44 (0)20 3151 7008
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted, internally
managed property investment company and REIT with a portfolio of
1.59 million sq ft of mixed-use 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 across 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 its dividend policy, which has enjoyed 7
years of consecutive growth. Further information on
the Company can be found at www.reiplc.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
POSVVLFFBFLBFBD
(END) Dow Jones Newswires
November 19, 2020 02:00 ET (07:00 GMT)
Real Estate Investors (LSE:RLE)
Historical Stock Chart
From Apr 2024 to May 2024
Real Estate Investors (LSE:RLE)
Historical Stock Chart
From May 2023 to May 2024