Purchase of Shares in Closed Period

RNS Number : 4513N

Civitas Social Housing PLC

30 September 2021

 

LEI: 213800PGBG84J8GM6F95

30 September 2021

Civitas Social Housing Plc (the "Company")

Purchase of Shares in Closed Period

Civitas Social Housing Plc (the "Company") announces that the Company will shortly enter a close period ahead of the notification of its NAV for the period ended 30 September 2021 (the "Close Period"), which is expected to be on or after 5 November 2021.

Pursuant to the share buyback authority approved by the Company's shareholders at the AGM on 22 September 2021, the Board has granted authority to the Company's joint brokers, Panmure Gordon (UK) Limited and Liberum Capital Limited, to purchase the Company's ordinary shares ("Ordinary Shares") in the market during the Close Period, subject to pre-agreed parameters.  Any Ordinary Shares purchased during the Close Period will be held in treasury to the extent permitted by law or cancelled.

The authority granted is irrevocable and non-discretionary, and during the Close Period the Board has no power to invoke any changes to the authority and any purchases will be undertaken at the sole discretion of Panmure Gordon (UK) Limited and Liberum Capital Limited.

The Company confirms that it currently has no unpublished inside information.

For further information, please contact:

Civitas Investment Management Limited

Andrew Dawber                                   Tel: [phone]

Paul Bridge                                      Tel: [phone]

Panmure Gordon

Sapna Shah                                           Tel: [phone]

Tom Scrivens Tel: [phone]

Liberum Capital  Tel: [phone]

Chris Clarke

Darren Vickers

Owen Matthews 

Buchanan

Helen Tarbet / Henry Wilson   Tel: [phone]

Hannah Ratcliff / George Beale    [e-mail]

Civitas Social Housing PLC ("CSH") was created in 2016 by Civitas Investment Management Limited as the first dedicated London listed REIT, to raise long-term, sustainable, institutional capital to invest in care-based social homes across the UK. So far, Civitas has completed more than 120 individual transactions to build the largest portfolio of its kind that has been independently valued at £915.6million (31 March 2021). CSH now provides homes for 4,391 working age adults with long-term care needs, in 648 bespoke properties that are supported by 119 specialist care providers, 16 approved providers and working with over 178 individual local authorities.

 

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