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SOHO Triple Point Social Housing Reit Plc

59.80
0.20 (0.34%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Triple Point Social Housing Reit Plc LSE:SOHO London Ordinary Share GB00BF0P7H59 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.34% 59.80 59.40 60.00 60.00 58.50 60.00 522,592 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 37.41M 24.9M 0.0633 9.46 235.69M

Triple Point Social Housing REIT Result of General Meeting (5032E)

18/10/2018 1:58pm

UK Regulatory


Triple Point Social Hous... (LSE:SOHO)
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TIDMSOHO

RNS Number : 5032E

Triple Point Social Housing REIT

18 October 2018

18 October 2018

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

RESULT OF GENERAL MEETING

Further to its announcement on 19 September 2018, the Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce that the Resolutions proposed at the General Meeting held earlier today were duly passed on a show of hands.

Full details of the Resolutions were set out in the circular published by the Company on 19 September 2018 (the "Circular").

Details of the proxies received from Shareholders in respect of the Resolutions prior to the meeting are set out below:

 
 Resolution       For       Percentage   Against   Percentage    Withheld 
                 Votes           %        Votes         %          Votes 
     1        121,607,276     99.39      745,238      0.61          0 
             ------------  -----------  --------  -----------  ----------- 
     2        121,607,276     99.39      745,238      0.61          0 
             ------------  -----------  --------  -----------  ----------- 
     3        121,605,301     99.39      747,213      0.61          0 
             ------------  -----------  --------  -----------  ----------- 
     4        121,605,301     99.39      747,213      0.61          0 
             ------------  -----------  --------  -----------  ----------- 
     5        97,656,621      99.98      15,685       0.02      24,680,206 
             ------------  -----------  --------  -----------  ----------- 
     6        122,350,539     99.998      1,975      0.002          0 
             ------------  -----------  --------  -----------  ----------- 
     7        122,350,539     99.998      1,975      0.002          0 
             ------------  -----------  --------  -----------  ----------- 
 

Notes:

a) Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld).

b) A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" a resolution.

c) Any proxy appointments which gave discretion to the Chairman have been included in the "For" totals.

Any capitalised terms used but not otherwise defined in this announcement have the meaning set out in the Circular. The Circular is available for inspection in electronic form on the Company's website, www.triplepointreit.com.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Triple Point Investment Management       (via Newgate below) 
  LLP 
  (Delegated Investment Manager) 
 James Cranmer 
 Ben Beaton 
 Max Shenkman 
 
 Hanway Advisory Limited (Company         Tel: 020 7201 8989 
  Secretary) 
 Luke Cheshire 
 
 Akur Limited (Joint Financial Adviser)   Tel: 020 7493 3631 
 Tom Frost 
 Anthony Richardson 
 Siobhan Sergeant 
 
 Canaccord Genuity Limited (Joint         Tel: 020 7523 8000 
  Financial Adviser and Corporate 
  Broker) 
 Lucy Lewis 
 Denis Flanagan 
 Andrew Zychowski 
 
 Newgate (PR Adviser)                     Tel: 020 7680 6550 
 James Benjamin                           Em: triplepoint@newgatecomms.com 
 Anna Geffert 
 

The Company's LEI is 213800BERVBS2HFTBC58.

Further information on the Company can be found on its website at www.triplepointreit.com.

NOTES:

The Company invests in social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-adjusted, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

There is increasing political and financial pressure on Housing Associations to increase their housing delivery and this is creating opportunities for private sector investors to participate in the market. The Group's ability to provide forward financing for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents and delivering returns to investors.

Triple Point Investment Management LLP (part of the Triple Point Group) is responsible for management of the Group's portfolio (with such functions having been delegated to it by Langham Hall Fund Management LLP, the Company's alternative investment fund manager).

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017 and was admitted to the premium segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 27 March 2018. The Company operates as a UK Real Estate Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

October 18, 2018 08:58 ET (12:58 GMT)

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