PRS REIT PLC (The) Director/PDMR Shareholding (8463W)

TIDMPRSR

RNS Number : 8463W

PRS REIT PLC (The)

28 April 2021

28 April 2021

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 was notified on 27 April 2021 that Steffan Francis, Non-executive Director of the Company, purchased 20,000 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares"). As a result, Mr Francis's total interest in the Company, is now 80,000 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           GB00BF01NH51 
        Identification 
        code 
      ---------------------------  --------------------------------------- 
 b)    Nature of the                On-market purchase 
        transaction 
      ---------------------------  --------------------------------------- 
 c)    Price(s) and                  Price(s) -   Volume(s) 
        volume(s)                      pence 
                                      96.5         20,000 
                                                  ---------- 
      ---------------------------  --------------------------------------- 
       Aggregated 
        information- 
        Aggregated 
 d)     volume 
    - Price                           20,000 
                                       96.5p 
 --------------------------------  --------------------------------------- 
 e)    Date of the                  27 April 2021 
        transaction 
      ---------------------------  --------------------------------------- 
 f)    Place of the                 London Stock Exchange 
        transaction 
      ---------------------------  --------------------------------------- 
 

For further information, please contact:

 
The PRS REIT plc                                   Tel: [phone] (c/o 
 Steve Smith, Non-executive Chairman                KTZ Communications) 
Sigma PRS Management Limited                       Tel: [phone] 
 Graham Barnet, Mike McGill 
N+1 Singer                                         Tel: [phone] 
 James Maxwell, Sebastian Burke 
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) 
 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 and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing GBP0.9bn in a portfolio of high quality homes for private rental across the regions, having raised a total of GBP500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government's Homes England with direct investments.

LEI: 21380037Q91HU97WZX58

About Sigma Capital Group plc

www.sigmacapital.co.uk

Sigma Capital Group plc ("Sigma") is a PRS, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. 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 PRS 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. In September 2020, the Company launched a joint venture with EQT Real Estate, the real estate platform of global investment firm EQT to establish a GBP1bn portfolio of high quality, new-build homes for private rental in Greater London.

About Sigma PRS Management Limited

Sigma PRS Management Limited is a wholly-owned subsidiary of AIM-quoted Sigma Capital Group plc 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 Investment Manager 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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April 28, 2021 02:41 ET (06:41 GMT)