Business
Directors’ purchase of ordinary shares
Directors’ purchase of ordinary shares.
About this update from Custodian Property Income Reit Plc
[{"type":"text","content":"\n \n\n\nCustodian REIT plc (CREI)\n\n\n\nCustodian REIT plc : Directors’ purchase of ordinary shares 12-May-2022 / 14:57 GMT/BSTDissemination of a Regulatory Announcement, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n\n\n \n\n\n12 May 2022\n\n \n\nCustodian REIT plc\n\n \n\n(“Custodian REIT” or “the Company”)\n\n \n\nDirectors’ purchase of ordinary shares \n\n \n\nCustodian REIT (LSE: CREI), the UK property investment company focused on small lot-sizes, announces the purchase of ordinary shares in the Company by all of its Independent Non-Executive Directors.\n\n \n\nDavid Hunter, Chairman of the Custodian REIT, commented: “I thank my colleagues for the support they have shown the Company in making the purchases detailed below which closer align the Independent Directors’ interests with the long-term interests of our shareholders, without impacting their independence. These purchases reflect the Directors’ view that the Company’s current share price does not sufficiently reflect the true value of its net assets.”\n\n\n \n\n Director\n \n \n \n\n Number of shares purchased\n \n \n Consideration\n\n £000\n \n \n Chris Ireland\n \n \n 24,542\n \n \n 25\n \n \n Hazel Adam\n \n \n 19,566\n \n \n 20\n \n \n David Hunter\n \n \n 10,000\n \n \n 10\n \n \n Matthew Thorne\n \n \n 10,000\n \n \n 10\n \n \n Elizabeth McMeikan\n \n \n 10,000\n \n \n 10\n \n \n \n \n \n 74,108\n \n \n 75\n \n \n\nFollowing these purchases, the Directors’ interests in ordinary shares of the Company are:\n\n \n\n\n \n \n \n Number of shares\n \n \n % holding\n \n \n \n \n \n \n \n \n \n \n \n Ian Mattioli[1]\n \n \n 4,842,451\n \n \n 1.10%\n \n \n Chris Ireland\n \n \n 50,345\n \n \n 0.01%\n \n \n David Hunter\n \n \n 39,000\n \n \n 0.01%\n \n \n Matthew Thorne\n \n \n 39,000\n \n \n 0.01%\n \n \n Elizabeth McMeikan\n \n \n 20,400\n \n \n 0.00%\n \n \n Hazel Adam\n \n \n 19,566\n \n \n 0.00%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 5,010,762\n \n \n 1.14%\n \n \n\nThe 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.\n\n \n\nDisclosure required by Article 19.3 of...