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Real Estate Investors Plc announced that its Chief Executive Officer, Paul Bassi, purchased 204,035 ordinary shares of 10p each on 10 April 2026 at an aggregated price of 30.375266 pence per share. Following this transaction, Paul Bassi is interested in 18,404,035 Ordinary Shares, representing approximately 10.66% of the company's issued ordinary share capital.
| Date | 14 Apr 2026 |
| Time | 14:15:29 |
| Category | Director/PDMR dealings |
| ID | 4474A |
Real Estate Investors Plc
("REI", the "Company" or the "Group")
Director/PDMR Shareholding
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 it has been notified that Paul Bassi, Chief Executive Officer, purchased, in aggregate, 204,035 ordinary shares of 10p each ("Ordinary Shares") on 10 April 2026.
Following the purchases, Paul Bassi is interested in 18,404,035 Ordinary Shares, representing approximately 10.66% of the Company's issued ordinary share capital.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
Enquiries:
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Real Estate Investors Plc Paul Bassi/Marcus Daly |
+44 (0)121 212 3446 |
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Cavendish Capital Markets Limited (Nominated Adviser) Ben Jeynes/George Lawson |
+44 (0)20 7220 0500 |
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Panmure Liberum Limited (Broker) Jamie Richards/William King |
+44 (0)20 3100 2000 |
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio 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 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 announced in January 2024 that it would be undertaking an orderly strategic sale of the Company's portfolio over three years, disposing of assets individually or collectively. The pace of the ongoing disposal programme will be dictated by market conditions, with an initial focus on repaying the Company's debt. In the meantime, it is the Board's intention to continue paying a fully covered quarterly dividend. 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
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1 |
Details of the person discharging managerial responsibilities / person closely associated
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a) |
Name |
Paul Bassi
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2 |
Reason for the notification
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a) |
Position/status |
Chief Executive
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b) |
Initial notification/Amendment |
Initial notification
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) |
Name |
Real Estate Investors Plc
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b) |
LEI |
21380015X5JMEGUHPD83
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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
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 10p each
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Identification code |
GB00B45XLP34
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b) |
Nature of the transaction |
Purchase of Ordinary Shares
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s)
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1. 31.0000 pence
2. 30.9500 pence
3. 30.5000 pence
4. 30.2670 pence |
1. 10,000
2. 10,000
3. 34,035
4. 150,000 |
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d) |
Aggregated information
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Aggregated volume |
204,035 Ordinary Shares @ 30.375266 pence
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Price |
N/A
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e) |
Date of the transaction |
10 April 2026
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f) |
Place of the transaction |
London Stock Exchange
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