Custodian Property Income REIT plc: Directors’ purchase of ordinary shares
Custodian Property Income REIT plc (CREI)
Custodian Property Income REIT plc: Directors’ purchase of ordinary shares
08-Feb-2024 / 12:06 GMT/BST
8 February 2024
Custodian Property Income REIT plc
(“the Company”)
Directors’ purchase of ordinary shares
Custodian Property Income REIT plc (LSE: CREI), which seeks to deliver an enhanced Income return by investing in a diversified portfolio of smaller, regional properties with strong Income characteristics across the UK, announces the purchase of ordinary shares in the Company by certain of its Independent Non-Executive Directors.
Director
Number of shares purchased
Consideration
£000
David MacLellan
144,500
101
Chris Ireland
72,155
50
Malcolm Cooper
70,300
50
286,955
201
Following these purchases, the Directors’ interests in ordinary shares of the Company are:
Number of shares
% holding
Ian Mattioli[1]
6,069,506
1.38%
David MacLellan
144,500
0.03%
Chris Ireland
122,500
0.03%
Malcolm Cooper
115,300
0.03%
Elizabeth McMeikan
20,400
0.00%
Hazel Adam
19,566
0.00%
6,491,772
1.47%
The Directors of the Company are satisfied they are not in possession of any inside information which has not already been notified via a Regulatory Information Service.
Disclosure required by Article 19.3 of Regulation (EU) No. 596/2014 on market abuse (the "Market Abuse Regulations") regarding these purchases is set out below.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The Company was notified on 7 February 2024 of the following transactions by Non-Executive Directors of the Company relating to the purchase of ordinary shares.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Names
David MacLellan
Chris Ireland
Malcolm Cooper
2
Reason for the notification
a)
Position/status
David MacLellan - Non-Executive Director
Chris Ireland - Non-Executive Director
Malcolm Cooper - Non-Executive Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Custodian Property Income REIT plc
b)
LEI
2138001BOD1J5XK1CX76
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 instruments, type of instruments
Identification code
Ordinary Shares of 1 pence per share
GB00BJFLFT45
b)
Nature of the transactions
Purchase of Shares
c)
Price(s) and volume(s)
Director
Price
Volume
David MacLellan
70.1 pence
144,500
Chris Ireland
69.3 pence
72,155
Malcolm Cooper
70.8 pence
70,300
d)
Aggregated information
- Aggregated volume
- Weighted average price
286,955
70.1 pence
e)
Nature of the transactions
Purchase of shares
h)
Date of the transactions
7 February 2024
i)
Place of the transactions
London Stock Exchange
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.
- Ends -
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE
Tel: +44 (0)116 240 8740
Numis Securities Limited
Nathan Brown / George Shiel
Tel: +44 (0)20 7260 1000
www.numiscorp.com
FTI Consulting
Richard Sunderland / Andrew Davis / Oliver Parsons
Tel: +44 (0)20 3727 1000
custodianreit@fticonsulting.com
Tel: +44 (0)20 3727 1000
custodianreit@fticonsulting.com
[1] Comprising shares held by Ian, his close family and a charitable trust under his control.
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ISIN: GB00BJFLFT45 Category Code: MSCH TIDM: CREI LEI Code: 2138001BOD1J5XK1CX76 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 302641 EQS News ID: 1833629
End of Announcement EQS News Service