Real Estate Investors PLC Transaction in Shares and Completion of Buyback (3490I)
02 Dicembre 2022 - 8:00AM
UK Regulatory
TIDMRLE
RNS Number : 3490I
Real Estate Investors PLC
02 December 2022
2 December 2022
Real Estate Investors Plc
("REI" or the "Company")
Transaction in Own Shares and Completion of Share Buyback
Programme
Real Estate Investors Plc (AIM: RLE), the UK's only
Midlands-focused Real Estate Investment Trust (REIT) with a
portfolio of commercial property across all sectors, announces that
on 1 December 2022, it purchased 1,142,857 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 9 November 2022
(the "Programme").
Date of purchase: 1 December 2022
Aggregate number of ordinary shares purchased: 1,142,857
Lowest price paid per share (pence per share): 28.00
Highest price paid per share (pence per share): 28.00
Volume weighted average price paid per share
(pence per share): 28.00
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 as it applies in the UK (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 Transaction Time of transaction Execution venue
shares price
purchased (pence per
share)
1,142,857 28.00 16:46:25 AIMX
Following the above transaction, the Company announces that the
Programme to purchase an aggregate market value of up to GBP2.0
million of the Company's ordinary shares of 10 pence each (the
"Ordinary Shares"), has been completed in accordance with its
terms.
In aggregate, between 9 November 2022 and 1 December 2022, the
Company repurchased 7,142,857 Ordinary Shares at an average
purchase price of 28 pence per share (the "Buyback Shares").
All 7,142,857 Buyback Shares purchased under the Programme
previously held in treasury have been cancelled. Therefore, the
total number of Ordinary Shares in issue and carrying voting rights
is 172,651,551 with no Ordinary Shares held in treasury.
The above figure of 172,651,551 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.
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/Will 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
1.47 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 .
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END
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December 02, 2022 02:00 ET (07:00 GMT)
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