TIDMKCR

RNS Number : 4931C

KCR Residential REIT PLC

19 October 2020

19 October 2020

KCR Residential REIT plc

("KCR" or the "Company")

Director's Share Purchase

KCR Residential REIT plc has been notified that on 16 October 2020 Dominic White, Chief Executive of the Company, purchased 50,000 ordinary shares of 10p each in the Company ("Shares") at a price of 25p per Share.

Following this purchase, Mr White has a beneficial interest in 1,245,932* Shares, representing approximately 4.5 per cent. of the Company's issued share capital.

* 645,299 Shares are held by White Amba Pension Scheme of which Mr White is a beneficiary.

Contacts:

 
 KCR Residential REIT plc           info@kcrreit.com 
  Dominic White, Chief Executive     +44 20 3793 5236 
 Arden Partners plc 
  Richard Johnson 
  Benjamin Cryer                    +44 20 7614 5900 
 

Notes to Editors:

KCR's objective is to build a substantial residential property portfolio that generates secure income flow for shareholders. The Directors intend that the group will acquire, develop and manage residential property assets in a number of jurisdictions including the UK.

The notifications below are made in accordance with the requirements of the EU regulation on market abuse.

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely 
        associated 
 a)    Name                                    Dominic White 
      --------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                         Director (Chief Executive) 
      --------------------------------------  ---------------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, 
        auctioneer or auction monitor 
      -------------------------------------------------------------------------------------- 
 a)    Name                                    K&C Residential REIT PLC 
      --------------------------------------  ---------------------------------------------- 
 b)    LEI                                     213800NTHWVFLSB9CX32 
      --------------------------------------  ---------------------------------------------- 
 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                      Ordinary Shares of 10p nominal value 
        financial instrument,                   ISIN: GB00BYWK1Q82 
        type of instrument 
        Identification code 
 
 
 
 b)    Nature of the transaction               Acquisition 
      --------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               -------------------  ---------------------- 
                                                Price(s)             Volume(s) 
                                               -------------------  ---------------------- 
                                                25p                  50,000 
                                               -------------------  ---------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                     50,000 
 
  - Price                                 25p 
   - Aggregated total                      GBP12,500 
 
 e)    Date of the transaction                 16 October 2020 
      --------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                London Stock Exchange, AIM Market (XLON) 
      --------------------------------------  ---------------------------------------------- 
 

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END

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(END) Dow Jones Newswires

October 19, 2020 06:41 ET (10:41 GMT)

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