PRS REIT PLC (The) Result of AGM (7984I)

TIDMPRSR

RNS Number : 7984I

PRS REIT PLC (The)

28 November 2018

28 November 2018

PRSR.L

The PRS REIT plc

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

Result of AGM

The PRS REIT, the closed-ended real estate investment trust established to invest in new-build homes in the Private Rented Sector ("PRS"), is pleased to announce that at the Annual General Meeting held on 28 November 2018, resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 to 14 were passed as special resolutions.

The text of all the resolutions is contained in the notice of meeting in the Company's Notice of Annual General Meeting published on 1 November 2018.

The results of the polls taken on the resolutions, on which Link Asset Services, the Company's registrar, acted as scrutineer, are as follows:

 
 Resolution    In favour    Percentage    Against    Percentage   Withheld    Total votes 
                             In favour                 Against                    cast 
     1        393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     2        393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     3        393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     4        393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     5        393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     6        393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     7        383,397,966    100.00%         0         0.00%      9,761,559   383,397,966 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     8        393,144,185    100.00%      15,340       0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     9        393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     10       393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
     11       393,159,525    100.00%         0         0.00%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
    12*       391,726,364     99.64%     1,433,161     0.36%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
    13*       391,726,364     99.64%     1,433,161     0.36%          0       393,159,525 
             ------------  -----------  ----------  -----------  ----------  ------------ 
    14*       393,144,185    100.00%         0         0.00%       15,340     393,144,185 
             ------------  -----------  ----------  -----------  ----------  ------------ 
 

* Special Resolution

For further information, please contact:

 
 The PRS REIT plc                               Tel: [phone] 
  Steve Smith, Non-executive Chairman 
 Sigma PRS Management Limited                   Tel: [phone] 
  Graham Barnet 
  Malcolm Briselden 
 N+1 Singer                                     Tel: [phone] 
  James Maxwell, James Moat, Ben Farrow 
 Stifel                                         Tel: [phone] 
  Mark Young, Neil Winward, Gaudi Le Roux 
 G10 Capital Limited (AIFM)                     Tel: [phone] 
  Gerhard Grueter, Anthony Wood, Gaia Udage 
 KTZ Communications                             Tel: [phone] 
  Katie Tzouliadis, Emma Pearson, Dan Mahoney 
 

NOTES TO EDITORS

About The PRS REIT plc

(www.theprsreit.com)

The PRS REIT 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. It has 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.

About Sigma Capital Group plc

(www.sigmacapital.co.uk)

Sigma Capital Group plc is a private rented sector, 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. It 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. Its 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 AIM-quoted Sigma Capital Group plc and is the Company's Investment Adviser. It sources investments and manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and the PRS REIT on a day-to-day basis in accordance with the PRS REIT's Investment Policy. The Investment Adviser is an appointed representative (reference number: 776293) of the AIFM.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 28, 2018 09:17 ET (14:17 GMT)