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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 81.30 | 81.10 | 81.70 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 51.35M | 42.45M | 0.0773 | 10.50 | 445.99M |
TIDMPRSR
RNS Number : 6276V
PRS REIT PLC (The)
04 December 2023
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 earlier today, 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 Votes Percentage Votes Percentage Total Votes in favour* in against against votes withheld** favour cast (excluding withheld) 1 - Adoption of Accounts 386,930,852 100% 0 0% 386,930,852 301,069 ----------- ---------- ---------- ---------- ----------- ----------- 2 - Directors' Remuneration Report 386,276,083 99.76% 913,133 0.24% 387,189,216 42,705 ----------- ---------- ---------- ---------- ----------- ----------- 3 - Re-appointment of Stephen Smith 386,758,347 99.89% 414,992 0.11% 387,173,339 58,582 ----------- ---------- ---------- ---------- ----------- ----------- 4 - Re-appointment of Steffan Francis 386,782,347 99.90% 390,992 0.10% 387,173,339 58,582 ----------- ---------- ---------- ---------- ----------- ----------- 5 - Re-appointment of Roderick MacRae 386,777,347 99.90% 390,992 0.10% 387,168,339 58,582 ----------- ---------- ---------- ---------- ----------- ----------- 6 - Re-appointment of Geeta Nanda 383,672,675 99.88% 472,010 0.12% 384,144,685 3,087,236 ----------- ---------- ---------- ---------- ----------- ----------- 7 - Appointment of Karima Fahmy 386,780,596 99.90% 392,743 0.10% 387,173,339 58,582 ----------- ---------- ---------- ---------- ----------- ----------- 8 - Auditor reappointment 386,823,965 99.97% 104,037 0.03% 386,928,002 303,919 ----------- ---------- ---------- ---------- ----------- ----------- 9 - Auditor remuneration 387,061,158 100% 10,000 0% 387,071,158 160,763 ----------- ---------- ---------- ---------- ----------- ----------- 10 - Payment of interim dividends 387,227,930 100% 0 0% 387,227,930 3,991 ----------- ---------- ---------- ---------- ----------- ----------- 11 - General authority to allot shares 375,892,457 97.07% 11,327,542 2.93% 387,219,999 11,922 ----------- ---------- ---------- ---------- ----------- ----------- 12 - Pre-emption disapplication up to 10% 386,040,550 99.71% 1,112,805 0.29% 387,153,355 78,566 ----------- ---------- ---------- ---------- ----------- ----------- 13 - Pre-emption disapplication up to a further 10% in connection with an acquisition or specified capital investment 385,696,265 99.61% 1,511,138 0.39% 387,207,403 24,518 ----------- ---------- ---------- ---------- ----------- ----------- 14 - Market purchase of own shares 369,578,150 96.73% 12,493,489 3.27% 382,071,639 5,160,282 ----------- ---------- ---------- ---------- ----------- ----------- 15 - Notice period for general meetings 378,268,729 97.69% 8,954,500 2.31% 387,223,229 8,692 ----------- ---------- ---------- ---------- ----------- -----------
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted in the calculation of the votes in favour or against a resolution.
As at 30 November 2023, the issued share capital of the Company consisted of 549,251,458 ordinary shares.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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) Jefferies International Limited Tel: 020 7029 8000 Gaudi Le Roux, Tom Yeadon Harry Randall, Ollie Nott G10 Capital Limited (part of IQ-EQ) Tel: 0207 397 5450 Paul Cowland KTZ Communications Tel: 020 3178 6378 Katie Tzouliadis, Robert Morton
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 has investment of 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. Now comprising over 5,100 build-to-rent homes, 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
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 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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END
RAGUSUBROVUURAA
(END) Dow Jones Newswires
December 04, 2023 12:29 ET (17:29 GMT)
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