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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Prs Reit (the) Plc | LSE:PRSR | London | Ordinary Share | GB00BF01NH51 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.20 | 1.55% | 78.50 | 78.60 | 78.90 | 78.90 | 77.40 | 77.40 | 426,212 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 51.35M | 42.45M | 0.0773 | 10.17 | 424.57M |
TIDMPRSR
RNS Number : 8370H
PRS REIT PLC (The)
28 November 2022
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 28 November 2022, resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 to 15 were passed as special resolutions.
The full text of the resolutions is contained in the Company's Notice of Annual General Meeting. The results of the poll taken on the resolutions, for which Link Group, the Company's registrar, acted as scrutineer, are as follows:
Resolution In favour Percentage Against Percentage Withheld Total in against votes favour cast (excluding withheld) 1 - Adoption of Accounts 391,854,418 100.00% 0 0.00% 305,843 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 2 - Directors' Remuneration Report 390,262,447 99.52% 1,896,508 0.48% 1,306 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 3 - Re-appointment of Stephen Smith 367,810,282 93.79% 24,348,673 6.21% 1,306 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 4 - Re-appointment of Steffan Francis 389,264,925 99.26% 2,893,222 0.74% 2,114 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 5 - Re-appointment of Roderick MacRae 389,267,936 99.26% 2,891,019 0.74% 1,306 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 6 - Re-appointment of Geeta Nanda 389,260,530 99.26% 2,897,617 0.74% 2,114 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 7 - Re-appointment of Jim Prower 389,243,936 99.26% 2,915,019 0.74% 1,306 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 8 - Auditor reappointment 378,005,896 99.98% 66,500 0.02% 14,087,865 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 9 - Auditor remuneration 392,120,732 99.99% 38,223 0.01% 1,306 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 10 - Payment of interim dividends 392,154,560 100.00% 0 0.00% 5,701 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 11 - General authority to allot shares 387,360,176 98.78% 4,794,384 1.22% 5,701 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 12 - Pre-emption disapplication up to 10%* 391,492,605 99.83% 666,350 0.17% 1,306 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 13 - Pre-emption disapplication up to a further 10% in connection with an acquisition or specified capital investment* 376,530,749 96.01% 15,628,206 3.99% 1,306 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 14 - Market purchase of own shares* 374,159,803 95.42% 17,941,881 4.58% 58,577 392,160,261 ----------- ---------- ---------- ---------- ---------- ----------- 15 - Notice period for general meetings* 384,350,531 98.01% 7,806,350 1.99% 3,380 392,160,261 ----------- ---------- ---------- ---------- ---------- -----------
* Special Resolutions
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378 Steve Smith, Non-executive Chairman (c/o KTZ Communications) Sigma PRS Management Ltd Tel: 0333 999 9926 Graham Barnet, Mike McGill Singer Capital Markets Tel: 020 7496 3000 James Maxwell, Asha Chotai (Investment Banking) Alan Geeves, James Waterlow, Sam Greatrex (Sales) Panmure Gordon (UK) Limited Tel: 020 7886 2500 Chloe Ponsonby, Alex Collins David Hawkins, Tom Scrivens (Sales) G10 Capital Limited (part of IQ-EQ) Tel: 0207 397 5450 Paul Cowland KTZ Communications Tel: 020 3178 6378 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. Approaching its 5,000th new rental home, which is expected at around the end of 2022, the Company believes its portfolio 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 excellent property procurement and management 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 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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END
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(END) Dow Jones Newswires
November 28, 2022 12:24 ET (17:24 GMT)
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