7 June 2022
Custodian REIT plc
(“Custodian REIT” or “the Company”)
Director’s purchase of ordinary shares
Custodian REIT (LSE: CREI), the UK property investment company focused on small lot-sizes, announces the purchase of 800,000 ordinary shares in the Company by Ian Mattioli, a Non-Executive Director.
David Hunter, Chairman of the Custodian REIT, commented: “This purchase demonstrates Ian’s continued support of the Company and his alignment with the long-term interests of our shareholders, and also underlines the Board’s view that the Company’s current share price does not sufficiently reflect the true value of its net assets.”
Following this purchase, Ian Mattioli and family[1] own 5,642,451 ordinary shares in the Company (representing a 1.28% holding).
The 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.
Disclosure required by Article 19.3 of Regulation (EU) No. 596/2014 on market abuse (the "Market Abuse Regulations") regarding these purchases is set out below.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The Company was notified on 7 June 2022 of the following transaction by Ian Mattioli, a Non-Executive Director of the Company, relating to the purchase of ordinary shares.
1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Ian Mattioli
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2
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Reason for the notification
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a)
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Position/status
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Non-Executive Director
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b)
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Initial notification /Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Custodian REIT plc
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b)
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LEI
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2138001BOD1J5XK1CX76
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4
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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
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a)
|
Description of the financial instruments, type of instruments
Identification code
|
Ordinary Shares of 1 pence per share
GB00BJFLFT45
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b)
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Nature of the transactions
|
Purchase of Shares
|
c)
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Price(s) and volume(s)
|
|
Price
|
Volume
|
|
98.911 pence
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800,000
|
|
|
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d)
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Aggregated information
- Aggregated volume
- Price
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800,000
98.911 pence
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e)
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Nature of the transactions
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Purchase of shares
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h)
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Date of the transactions
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6 June 2022
|
i)
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Place of the transactions
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London Stock Exchange
|
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.
- Ends -
For further information, please contact:
Custodian Capital Limited
|
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Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE
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Tel: +44 (0)116 240 8740
|
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www.custodiancapital.com
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Numis Securities Limited
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Hugh Jonathan/Nathan Brown
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Tel: +44 (0)20 7260 1000
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www.numiscorp.com
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|
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Camarco
|
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Ed Gascoigne-Pees
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Tel: +44 (0)20 3757 4984
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www.camarco.co.uk
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[1] Comprising shares held by Ian, his wife and a charitable trust under his control of 3,555,461 and 2,086,990 shares held by other persons closely associated.