Real Estate Investors complete share buyback programme worth £2m

Birmingham-based Real Estate Investors has completed a share buyback programme with a market value of up to £2m of the company’s shares.

The firm with a portfolio of commercial property across a range of sectors announced the programme on the 9th November, where it first revealed its purchase of 6,000,000 ordinary shares of 10 pence each through Liberium Capital.

On 1st December, REIT purchased 1,142,857 ordinary shares of 10 pence each – again through Liberium Capital.

The company then repurchased all 7,142,857 shares at an average purchase price of 28 pence per share during this period.
 
All 7,142,857 buyback shares purchased under the programme previously held in treasury have been cancelled.

The total number of ordinary shares in issue and carrying voting rights is 172,651,551 with no ordinary shares held in treasury.