GROUND RENTS INCOME FUND PLC

Director's Dealing • Sep 12, 2024

National Storage Mechanism | Additional information

RNS Number : 9626D

Ground Rents Income Fund PLC

12 September 2024

Ground Rents Income Fund plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The Company has received notification from Barry Gordon Gilbertson, a director of the Company,  that LGT Wealth Management UK LLP ("LGT Vestra") erroneously sold 38,813 shares in the Company held by Professor Gilbertson on 27 June 2024. In discovering and confirming their error on 10 September 2024, LGT Vestra made a corrective repurchase of the same number of shares on 10 September 2024, to which this notification relates. Although LGT Vestra and Professor Gilbertson have a discretionary investment management agreement, there was a standing instruction in place specifically not to trade in the Company's shares on his behalf unless explicitly instructed. No such explicit instruction was given. This sale and repurchase does not represent any intention for Professor Gilbertson to sell his shares in the Company.

The details of the trades are as follows:

(i)         an erroneous sale of 38,813 shares at 28.67 pence on 27 June 2024; and

(ii)         a corrective repurchase of 38,813 shares at 26.13 pence on 10 September 2024.

Following the transactions, there has been no change to the number of shares in the Company held by Barry Gordon Gilbertson.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Barry Gordon Gilbertson

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ground Rents Income Fund plc

b)

LEI

213800SL3SN8P6XCLM37

4

(i)

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 instrument, type of instrument

Identification code

Ordinary shares of 50 pence each

ISIN: GB00B715WG26

b)

Nature of the transaction

Shares sold in error by the director's Wealth Manager

c)

Price(s) and volume(s)

Price(s)	Volume(s)
28.67 pence	38,813

d)

Aggregated information

£11,127.69

e)

Date of the transaction

27 June 2024

f)

Place of the transaction

London Stock Exchange (XLON)

4

(ii)

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 instrument, type of instrument

Identification code

Ordinary shares of 50 pence each

ISIN: GB00B715WG26

b)

Nature of the transaction

Repurchase of shares sold in error by the director's Wealth Manager

c)

Price(s) and volume(s)

Price(s)	Volume(s)
26.13 pence	38,813

d)

Aggregated information

£10,194.67

e)

Date of the transaction

10 September 2024

f)

Place of the transaction

London Stock Exchange (XLON)

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