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CUSTODIAN PROPERTY INCOME REIT PLC
Director's Dealing • Feb 8, 2024
4911_rns_2024-02-08_b53216ff-f90f-47e0-ab75-15d7e355a707.html
Director's Dealing
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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 |
| www.custodiancapital.com |
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 |
| [email protected] |
Tel: +44 (0)20 3727 1000
[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 |