Home REIT PLC Debt Repayment, Tenant and Accounts update

RNS Number : 1957R

Home REIT PLC

24 December 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

 

24 December 2024

 

Home REIT plc

("Home REIT" or the "Company")

Debt Repayment, Tenant  and Accounts Publication Update

 

Debt Repayment

On 28 November 2024, the Company announced it had made full repayment of the loans from Scottish Widows and that a further payment of approximately £9m in respect of additional fees would be made in December 2024. The Company confirms that the additional fees have now been paid and Scottish Widows has released its charge over Home REIT's assets.

 

Tenant Update

Home REIT and LTG Vision have agreed a surrender on 171 properties. Going forward, Lomond Investment Management will act as property manager for the assets, minimising disruption to the underlying residents.

 

Publication of Accounts

The Company announces that it now expects to publish historical accounts for the year ended 31 August 2023 in January 2025, with the results for the year ended 31 August 2024 following in the first quarter of 2025.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

FTI Consulting (Communications Adviser) Dido Laurimore Bryn Woodward Oliver Harrison

[e-mail] [phone]

 

The Company's LEI is: 213800A53AOVH3FCGG44.

 

For more information, please visit the Company's website: www.homereituk.com

 

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