Business
Consolidation; TVR; Directors' Interests
Consolidation; TVR; Directors' Interests.
About this update from Real Estate Investors Plc
[{"type":"text","content":"\n \nRNS Number : 6938K Real Estate Investors PLC 20 July 2011 \n \n\n20 July 2011 \n \nReal Estate Investors plc\n(\"REI\" or the \"Company\")\n \nCompletion of Share Consolidation\nTotal Voting Rights\nDirectors' Interests\n \nReal Estate Investors plc (AIM: RLE), the West Midlands based property group, announces that, following the consolidation of the Company's ordinary share capital into ordinary shares of 10p each in the Company (\"New Denomination Ordinary Shares\") (\"Share Consolidation\"), trading on AIM of the 71,420,598 New Denomination Ordinary Shares will commence at 8.00 a.m. today.\n \nThe ISIN for the New Denomination Ordinary Shares is GB00B45XLP34, the new Sedol number is B45XLP3 and the ticker, RLE, remains unchanged.\n \nTotal Voting Rights\n \nFollowing admission of the New Denomination Ordinary Shares to trading on AIM, the Company's total issued share capital will consist of 71,420,598 New Denomination Ordinary Shares, each with voting rights. There are no New Denomination Ordinary Shares held in treasury. \n \nTherefore, the number 71,420,598 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules, with immediate effect.\n \nDirectors' Interests\n \nFollowing completion of the placing and the Share Consolidation, the interests of the Directors are as follows:\n \n\n\n\n\nDirector\n\n\nNumber of New Denomination Ordinary Shares\n\n\nPercentage of issued share capital\n\n\n\n\nJohn Crabtree\n\n\n50,000\n\n\n0.07%\n\n\n\n\nJohn Jack 1\n\n\n200,000\n\n\n0.28%\n\n\n\n\nWilliam Wyatt 2\n\n\n23,500\n\n\n0.03%\n\n\n\n\nPaul Bassi 3, 5\n\n\n9,000,000\n\n\n12.60%\n\n\n\n\nMarcus Daly 4, 5\n\n\n685,000\n\n\n0.96%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNotes:\n\n\n\n\n\n\n\n\n\n\n1\n\n\nMr Jack also holds warrants with the right to subscribe for 62,500 New Denomination Ordinary Shares at a price of 120p per share.\n \n\n\n\n\n2\n\n\nIn addition, Mr Wyatt is Chief Executive Officer of Caledonia Investments plc which, following the placing and the Share Consolidation, has an interest in 20,131,312 New Denomination...