PRS REIT PLC (The) Director/PDMR Purchase (7495Z)

TIDMPRSR

RNS Number : 7495Z

PRS REIT PLC (The)

26 January 2022

PRSR.L

The PRS REIT plc

("the Company" or "the PRS REIT")

Director/PDMR Shareholding

The PRS REIT, the closed-ended real estate investment trust that invests in high-quality, new build, family homes in the private rented sector ("PRS"), announces that it has been notified that Steffan Francis, Non-executive Director of the Company, has today purchased 25,000 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares").

As a result, Mr Francis's total interest in the Company is now 105,000 Ordinary Shares, representing 0.02 per cent of the total voting rights of the Company.

The notification below, made in accordance with the requirements of UK MAR, provides further detail.

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                         Steffan Francis 
      ---------------------------  --------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------- 
 a)    Position/status              Director/PDMR 
      ---------------------------  --------------------------------------- 
 b)    Initial notification         Initial Notification 
        /Amendment 
      ---------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------- 
 a)    Name                         The PRS REIT plc 
      ---------------------------  --------------------------------------- 
 b)    LEI                          21380037Q91HU97WZX58 
      ---------------------------  --------------------------------------- 
 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                  Ordinary shares of GBP0.01 each 
        of the financial 
        instrument, 
        type of instrument 
 
        Identification               GB00BF01NH51 
        code 
      ---------------------------  --------------------------------------- 
 b)    Nature of the                On-market purchase 
        transaction 
      ---------------------------  --------------------------------------- 
 c)    Price(s) and                   Price(s) - pence   Volume(s) 
        volume(s)                      105.25             25,000 
                                                         ---------- 
      ---------------------------  --------------------------------------- 
       Aggregated 
        information 
        - Aggregated 
        volume                        25,000 
 
 d)     - Price                       105.25p 
      ---------------------------  --------------------------------------- 
 e)    Date of the                  26 January 2022 
        transaction 
      ---------------------------  --------------------------------------- 
 f)    Place of the                 London Stock Exchange 
        transaction 
      ---------------------------  --------------------------------------- 
 

For further information, please contact:

 
The PRS REIT plc                                   Tel: [phone] 
 Steve Smith, Non-executive Chairman                (c/o KTZ Communications) 
Sigma PRS Management Limited                       Tel: [phone] 
 Graham Barnet, Mike McGill 
Singer Capital Markets                             Tel: [phone] 
 James Maxwell, Asha Chotai 
Panmure Gordon (UK) Limited                        Tel: [phone] 
 Chloe Ponsonby (Corporate Broking), Alex Collins 
 (Corporate Finance) 
G10 Capital Limited (part of the IQEQ Group        Tel: [phone] 
 as AIFM)                                           5450 
 Paul Turner 
KTZ Communications 
 Katie Tzouliadis, Dan Mahoney 
 

NOTES TO EDITORS

About The PRS REIT plc

www.theprsreit.com

The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing over GBP1bn in a portfolio of high quality homes for private rental across the regions, having raised a total of GBP0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has supported the Company with direct investments. On 2 March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange's premium segment of the Main Market. On 16 July 2021, the Company announced the completion of the 4,000(th) new rental home for its portfolio, which the Company believes is the largest build-to-rent single family rental portfolio in the UK.

LEI: 21380037Q91HU97WZX58

About Sigma Capital Group Limited (formerly Sigma Capital Group plc)

www.sigmacapital.co.uk

Sigma Capital Group Limited ("Sigma") is a PRS, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London, and is part of PineBridge Investments, a private, global asset manager with $133bn in assets under management as at March 2021.

Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. The Company has a well-established track record in assisting with property related regeneration projects in the public sector, acting as a bridge between the public and private sectors.

Sigma has created an unrivalled property platform, which sources sites and brings together construction resource to develop them, enabling Sigma to deliver an integrated solution to partners. As well as sourcing sites and managing all stages of the planning and development process, Sigma also manages the rental of completed homes through its award winning rental brand 'Simple Life'. The Company's subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc.

About Sigma PRS Management Limited

Sigma PRS Management Limited is a wholly-owned subsidiary of Sigma Capital Group Limited and is Investment Adviser to The PRS REIT plc. It sources investments and operationally manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in accordance with The PRS REIT plc's Investment Policy. The AIFM is G10 Capital Limited. Sigma PRS Management Ltd is an appointed representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN:648953).

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January 26, 2022 10:40 ET (15:40 GMT)