Real Estate Investors PLC Q1 2022 Dividend Declaration and LTIP Awards (5370P)
20 Giugno 2022 - 6:10PM
UK Regulatory
TIDMRLE
RNS Number : 5370P
Real Estate Investors PLC
20 June 2022
Real Estate Investors Plc
("REI" or the "Company")
Q1 2022 Dividend Declaration / Grant and Vesting of LTIP
Awards
Real Estate Investors Plc (AIM:RLE), the UK's only
Midlands-focused Real Estate Investment Trust (REIT), with a
portfolio of 1.5 million sq ft of commercial property across all
sectors, is pleased to announce that in accordance with its
progressive dividend policy, REI will pay a fully covered Q1 2022
dividend of 0.8125 pence per share for the period 1 April 2022 to
30 June 2022 (Q1 2021: 0.75 pence per share). The payment will be
made on 22 July 2022 to all shareholders on the register as at 1
July 2022. The ex-dividend date will be 30 June 2022. This dividend
will be a Property Income Distribution (PID).
The Company also announces that on 20 June 2022 it granted
annual awards to two Directors and other employees under the Real
Estate Investors Plc Senior Executives Long Term Incentive Plan
adopted in 2021. The awards under the Plan give rights to certain
Directors to acquire a total of 1,810,127 ordinary shares of 10p
each in the Company ("Ordinary Shares") as detailed below at a
price of 1p per share (in the case of an issue of new Ordinary
Shares) or nil (in the case of a transfer of existing Ordinary
Shares). The vesting of 50% of the award is subject to a
performance condition based on total shareholder return, with 50%
subject to a performance condition based on net asset value per
share growth including dividends paid. The performance conditions
will be measured over the three years up to the vesting date with
full vesting if 12% levels of annual return/growth are
achieved.
Award Holder Number of Ordinary Expected Vesting Date
Shares under Award
Paul Bassi 1,113,924 April 2025
Marcus Daly 696,203 April 2025
In addition, share awards made on 25 March 2019 to directors of
the Company vested yesterday at 25.9% (based on performance
conditions) in the following amounts: Paul Bassi (Chief Executive)
219,492 ordinary shares; and Marcus Daly (Finance Director) 137,183
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.
The notifications below, made in accordance with the
requirements of the UK Market Abuse Regulation, provides further
detail.
Enquiries:
Real Estate Investors Plc
Paul Bassi/Marcus Daly +44 (0)121 212 3446
Cenkos Securities (Nominated Adviser)
Katy Birkin/Ben Jeynes +44 (0)20 7397 8900
Liberum (Broker)
Jamie Richards/William King +44 (0)20 3100 2000
Novella Communications
Tim Robertson/Safia Colebrook +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
1.5 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 progressive dividend policy. Further
information on the Company can be found at www.reiplc.com .
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Paul Bassi
------------------------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status PDMR (Director)
------------------------------------------ ------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------ ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Real Estate Investors Plc
------------------------------------------ ------------------------------------------
b) LEI 21380015X5JMEGUHPD83
------------------------------------------ ------------------------------------------
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 Share award, constituting a
instrument, type of instrument right to acquire ordinary shares
of 10p each
------------------------------------------ ------------------------------------------
Identification code GB00B45XLP34
------------------------------------------ ------------------------------------------
b) Nature of the transaction Grant of annual award under
the Real Estate Investors Plc
Senior Executives Long Term
Incentive Plan. The award gives
rights to acquire ordinary
shares in the Company ("Ordinary
Shares") at a price of 1p per
share (in the case of an issue
of new Ordinary Shares) or
nil (in the case of a transfer
of existing Ordinary Shares).
The vesting of 50% of the award
is subject to a performance
condition based on total shareholder
return with 50% subject to
a performance condition based
on net asset value per share
growth including dividends
paid. The performance conditions
will be measured over the three
years up to the vesting date
(April 2025) with full vesting
if 12% levels of annual return/growth
are achieved
------------------------------------------ ------------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ --------------------- -------------------
nil 1,113,924
--------------------------------------------------------------------- -------------------
d) Aggregated information
--------------------------------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------------ -----------------------------------------------
Price N/A - single transaction
------------------------------------------ -----------------------------------------------
e) Date of the transaction 20 June 2022
------------------------------------------ ------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Marcus Daly
------------------------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status PDMR (Director)
------------------------------------------ ------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------ ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Real Estate Investors Plc
------------------------------------------ ------------------------------------------
b) LEI 21380015X5JMEGUHPD83
------------------------------------------ ------------------------------------------
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 Share award, constituting a
instrument, type of instrument right to acquire ordinary shares
of 10p each
------------------------------------------ ------------------------------------------
Identification code GB00B45XLP34
------------------------------------------ ------------------------------------------
b) Nature of the transaction Grant of annual award under
the Real Estate Investors Plc
Senior Executives Long Term
Incentive Plan. The award gives
rights to acquire ordinary
shares in the Company ("Ordinary
Shares") at a price of 1p per
share (in the case of an issue
of new Ordinary Shares) or
nil (in the case of a transfer
of existing Ordinary Shares).
The vesting of 50% of the award
is subject to a performance
condition based on total shareholder
return with 50% subject to
a performance condition based
on net asset value per share
growth including dividends
paid. The performance conditions
will be measured over the three
years up to the vesting date
(April 2025) with full vesting
if 12% levels of annual return/growth
are achieved
------------------------------------------ ------------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ --------------------- -------------------
nil 696,203
--------------------------------------------------------------------- -------------------
d) Aggregated information
--------------------------------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------------ -----------------------------------------------
Price N/A - single transaction
------------------------------------------ -----------------------------------------------
e) Date of the transaction 20 June 2022
------------------------------------------ ------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Paul Bassi
------------------------------------------ -------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PDMR (Director)
------------------------------------------ -------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------ -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Real Estate Investors Plc
------------------------------------------ -------------------------------------
b) LEI 21380015X5JMEGUHPD83
------------------------------------------ -------------------------------------
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 Share award, constituting a
instrument, type of instrument right to acquire ordinary shares
of 10p each
------------------------------------------ -------------------------------------
Identification code GB00B45XLP34
------------------------------------------ -------------------------------------
b) Nature of the transaction Vesting of share award granted
under the Real Estate Investors
Plc Senior Executives Long
Term Incentive Plan
------------------------------------------ -------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------ -----------------
nil 219,492
------------------------------------------------------------------ -----------------
d) Aggregated information
---------------------------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------------ ------------------------------------------
Price N/A - single transaction
------------------------------------------ ------------------------------------------
e) Date of the transaction 19 June 2022
------------------------------------------ -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Marcus Daly
------------------------------------------ -------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PDMR (Director)
------------------------------------------ -------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------ -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Real Estate Investors Plc
------------------------------------------ -------------------------------------
b) LEI 21380015X5JMEGUHPD83
------------------------------------------ -------------------------------------
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 Share award, constituting a
instrument, type of instrument right to acquire ordinary shares
of 10p each
------------------------------------------ -------------------------------------
Identification code GB00B45XLP34
------------------------------------------ -------------------------------------
b) Nature of the transaction Vesting of share award granted
under the Real Estate Investors
Plc Senior Executives Long
Term Incentive Plan
------------------------------------------ -------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------ -----------------
nil 137,183
------------------------------------------------------------------ -----------------
d) Aggregated information
---------------------------------------------------------------------------------
Aggregated volume N/A - single transaction
------------------------------------------ ------------------------------------------
Price N/A - single transaction
------------------------------------------ ------------------------------------------
e) Date of the transaction 19 June 2022
------------------------------------------ -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ -------------------------------------
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END
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June 20, 2022 12:10 ET (16:10 GMT)
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