Business
Vesting of LTIP Awards
Vesting of LTIP Awards.
About this update from Real Estate Investors Plc
[{"type":"text","content":"\n\nReal Estate Investors Plc\n(\"REI\" or the \"Company\")\n \nVesting of LTIP Awards\n \nReal Estate Investors Plc (AIM: RLE), the UK's only Midlands-focused Real Estate Investment Trust (REIT), with a portfolio of commercial property across all sectors, is pleased to announce that share awards made on 20 June 2022 to directors of the Company vested on 27 March 2025 at 50% (based on performance conditions) in the following amounts: Paul Bassi (Chief Executive) 185,654 ordinary shares; and Marcus Daly (Finance Director) 116,034 ordinary shares. \n \nThe directors now have the right to be issued with the shares awarded (for nil or nominal consideration) although such issues have not yet occurred and remain subject to the exercise by the directors of their right.\n \nIn accordance with the Shorter Term Incentive Plan (\"STIP\") announced on 29 January 2024, these awards have been reduced by two thirds.\n \nThe notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.\n \nEnquiries:\n\n\n\n\n\n\n\n\n\n\n\n\nReal Estate Investors Plc\n\n\n \n\n\n\n\nPaul Bassi/Marcus Daly \n\n\n+44 (0)121 212 3446\n\n\n\n\n\n\n\n\n\n\n\n\nCavendish Capital Markets Limited (Nominated Adviser)\n\n\n \n\n\n\n\nKaty Birkin/Ben Jeynes \n\n\n+44 (0)20 7220 0500\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Liberum Limited (Broker)\n\n\n \n\n\n\n\nJamie Richards/William King \n\n\n+44(0)20 3100 2000\n\n\n\n\n \n\n\n \n\n\n\n\n \nAbout Real Estate Investors Plc\n \nReal Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-ex...