11th Mar 2005 07:00
Real Estate Investors PLC11 March 2005 Real Estate Investors PLC ("REI" or the "Company") Issue of Equity REI announced on 24 February 2005 that it had exchanged unconditional contractsto acquire the freehold interest in a town centre retail investment in HemelHempstead, Hertfordshire, comprising a retail shop, with self contained officeaccommodation above, totalling 4,250 sq ft in floor area. The totalconsideration was £1,085,000. Following completion of the acquisition on 9 March 2005, the Company announcesthe issue on that date of 1,450,980 new ordinary shares in REI at a price of12.75p per share to the vendors as part of the consideration. As a result, MrTerence Grubb and IPM Trustees Limited, as trustees of The Micro PrecisionPension Scheme (1991), have a beneficial interest in 3.69% of the issued sharecapital of the Company. Application has been made for these new shares (which will rank pari passu withthe Company's existing issued ordinary shares) to be admitted to trading on AIMand this is expected to take place on 17 March 2005. Further information: Peter Lewin - CEO 01923 776633Malcolm Lewin - FDReal Estate Investors PLC Christopher Joll 020 7491 7776mj2 ltd 11 March 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
REI