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LONDON - Alternative Income REIT plc (the "Company" or "Group") disclosed a transaction involving a person closely associated with a member of its management team. Glenstone REIT plc, identified as a Person Closely Associated (PCA) with Adam C Smith, has sold a total of 85,000 ordinary shares in the company.
The transaction took place on Monday, at a price of £0.70141177 per share, totaling £59,620.00. The sale occurred on the London Stock Exchange (LON:LSEG) under the ticker LSE: AIRE.
Alternative Income REIT plc, which operates in the real estate investment sector, has provided this information in compliance with market regulations that require the disclosure of transactions by persons discharging managerial responsibilities and their connected persons.
This financial activity was reported in an initial notification and marks a change in the shareholding structure of the company. The Legal Entity Identifier (LEI) for Alternative Income REIT plc is 213800MPBIJS12Q88F71.
The company has made this information public through an RNS announcement, which is a regulatory news service in the United Kingdom (TADAWUL:4280). The London Stock Exchange’s news service, RNS, is recognized by the Financial Conduct Authority as a Primary Information Provider.
This news comes as part of the regular financial disclosures expected of publicly traded companies and provides investors with updated information on the shareholding changes within Alternative Income REIT plc. The details of this transaction are based on a press release statement.
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