PRS REIT PLC (The) Result of AGM (8050V)

TIDMPRSR

RNS Number : 8050V

PRS REIT PLC (The)

15 December 2021

15 December 2021

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 that invests in new-build homes in the Private Rented Sector, is pleased to announce that at its Annual General Meeting held on 15 December 2021, 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 Company's Notice of Annual General Meeting published on 12 November 2021. The results of the polls taken on the resolutions, on which Link Group, the Company's registrar, acted as scrutineer, are as follows:

 
  Resolution        In favour      Percentage         Against         Percentage       Withheld            Total votes 
                                    In favour                           Against                           Cast (excluding 
                                                                                                             withheld) 
1 - Adoption 
 of Accounts          390,040,725      96.51%             14,086,559       3.49%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
2 - Directors' 
 Remuneration 
 Report               403,974,951      99.96%                152,333       0.04%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
3 - Directors' 
 Remuneration 
 Policy               403,938,951      99.95%                188,333       0.05%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
4 - Appointment 
 of Geeta Nanda       403,958,249      99.97%                137,880       0.03%               37,355           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
5 - Appointment 
 of Stephen 
 Smith                401,430,766      99.34%              2,665,363       0.66%               37,355           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
6 - Appointment 
 of Steffan 
 Francis              401,931,855      99.46%              2,164,274       0.54%               37,355           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
7 - Appointment 
 of Rod MacRae        401,963,010      99.46%              2,164,274       0.54%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
8 - Appointment 
 of Jim Prower        401,963,010      99.46%              2,164,274       0.54%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
9 - Auditor 
 reappointment        403,956,046      99.99%                 33,358       0.01%              144,080           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
10 - Auditor 
 remuneration         403,989,404     100.00%                      -       0.00%              144,080           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
11 - General 
 authority to 
 allot shares         402,892,164      99.69%              1,235,120       0.31%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
12 - 
 Pre-emption 
 disapplication 
 - 10%*               403,593,698      99.87%                533,586       0.13%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
13 - 
 Pre-emption 
 disapplication 
 - 10%*               388,484,338      96.13%             15,642,946       3.87%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
14 - Market 
 purchase 
 of own Shares*       403,667,679      99.89%                459,605       0.11%                6,200           404,133,484 
                 ----------------  ----------  ---------------------  ----------  -------------------  -------------------- 
 

* Special Resolution

For further information, please contact:

 
 The PRS REIT plc                              Tel: [phone] 
  Steve Smith, Non-executive Chairman           6378 
                                                (c/o KTZ Communications) 
 Sigma PRS Management Ltd                      Tel: [phone] 
  Graham Barnet, Mike McGill                    9926 
 Singer Capital Markets                        Tel: [phone] 
  James Maxwell, Asha Chotai                    3000 
 Panmure Gordon (UK) Limited                   Tel: [phone] 
  Chloe Ponsonby (Corporate Broking), Alex      2500 
  Collins (Corporate Finance) 
 G10 Capital Limited (part of the IQEQ Group   Tel: [phone] 
  as AIFM)                                      5450 
  Paul Turner 
 KTZ Communications 
  Katie Tzouliadis, Dan Mahoney 
 

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. 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 Ltd, is Investment Adviser to The PRS REIT plc.

About Sigma PRS Management Ltd

Sigma PRS Management Ltd 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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December 15, 2021 12:48 ET (17:48 GMT)