22nd Dec 2020 10:08
22 December 2020
Secure Income REIT Plc
(the "Company" or "SIR")
£5.3 million increased personal holdings in shareholding by
Prestbury management team
Notification and disclosure of transactions by persons discharging managerial responsibilities
The members of the Management Team of Secure Income REIT Plc (the "Management Team") announce that they have today increased their personal holdings in the Company by way of an agreed buy-out of the ownership interests of a retiring non-executive director of the Prestbury management entities (the "Purchases").
Following the Purchases, the Management Team has, in aggregate, invested a further £5.3 million in cash, increasing their ownership of the Prestbury management entities and thereby increasing their personal indirect holdings in SIR. Following the transaction, the total ownership of SIR shares held by the management entities is unchanged, at 12.4% of SIR's issued share capital.
The SIR shares held by the management entities are subject to certain restrictions, both by way of their being controlled by people involved with the management of SIR and also by way of formal restriction on selling shares received in payment of incentive fees. These restrictions are unaffected by the transaction and continue to apply.
The Prestbury management entities are now wholly owned by Nick Leslau, Mike Brown, Sandy Gumm, Tim Evans and Ben Walford, who have together increased their effective interests in SIR in the amount of 1,994,290 shares, which were previously held indirectly by the retiring non-executive director.
The Management Team holdings following the Purchases are as follows:
Shares held (direct and indirect) prior to the Purchases | Shares held (direct and indirect) after the Purchases | |
Nick Leslau | 30,161,067 | 31,039,459 |
Mike Brown | 4,277,248 | 4,611,750 |
Sandy Gumm | 1,755,682 | 1,924,355 |
Retiring shareholder | 1,994,290 | - |
Other management team members | 1,976,469 | 2,019,591 |
Total held by the Management Team | 40,164,756 | 40,164,756 |
Total held by the Management Team as a percentage of SIR's issued share capital | 12.4% | 12.4% |
For further information on the Company, please contact:
Secure Income REIT Plc Nick Leslau Mike Brown Sandy Gumm
| +44 20 7647 7647 |
Stifel Nicolaus Europe Limited (Nominated Adviser) Stewart Wallace
| +44 20 7710 7600 |
FTI Consulting (PR Adviser) Dido Laurimore Claire Turvey Eve Kirmatzis | +44 20 3727 1000 |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Nick Leslau | |||
2
| Reason for the notification
| ||||
a)
| Position/status | PDMR | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | Secure Income REIT Plc | |||
b)
| LEI
| 213800M1VI451RU17H40 | |||
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 instrument, type of instrument | Ordinary shares (indirect interest) | |||
Identification code | GB00BLMQ9L68 | ||||
b)
| Nature of the transaction
| Reorganisation of ownership of Prestbury management entities resulting in an increase in indirect holdings | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
265.2 p | 878,392 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 878,392 shares | ||||
- Price | 265.2p | ||||
e)
| Date of the transaction
| 22 December 2020 | |||
f)
| Place of the transaction | Off market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mike Brown | |||
2
| Reason for the notification
| ||||
a)
| Position/status | PDMR | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | Secure Income REIT Plc | |||
b)
| LEI
| 213800M1VI451RU17H40 | |||
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 instrument, type of instrument | Ordinary shares (indirect interest) | |||
Identification code | GB00BLMQ9L68 | ||||
b)
| Nature of the transaction
| Reorganisation of ownership of Prestbury management entities resulting in an increase in indirect holdings | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
265.2 p | 334,502 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 334,502 shares | ||||
- Price | 265.2p | ||||
e)
| Date of the transaction
| 22 December 2020 | |||
f)
| Place of the transaction | Off market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Sandy Gumm | |||
2
| Reason for the notification
| ||||
a)
| Position/status | PDMR | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | Secure Income REIT Plc | |||
b)
| LEI
| 213800M1VI451RU17H40 | |||
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 instrument, type of instrument | Ordinary shares (indirect interest) | |||
Identification code | GB00BLMQ9L68 | ||||
b)
| Nature of the transaction
| Reorganisation of ownership of Prestbury management entities resulting in an increase in indirect holdings | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
265.2 p | 168,673 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 168,673 shares | ||||
- Price | 265.2 p | ||||
e)
| Date of the transaction
| 22 December 2020 | |||
f)
| Place of the transaction | Off market | |||
Related Shares:
SIR.L