Response to Further Letter from Short-Seller

RNS Number : 1537P

Civitas Social Housing PLC

15 October 2021

 

15 October 2021

CIVITAS SOCIAL HOUSING PLC

Response to Further Letter from Short-Seller

Civitas Social Housing PLC ("CSH" or the "Company") notes the letter issued by a short-seller in response to the "Market Update" published by the Company on Monday 11 October 2021.

Having recently issued a detailed and verified commentary in the form of a Market Update, the Company does not intend to respond further to this letter. CSH and its investment adviser continue to make themselves available to meet and speak with shareholders and continue the regular and professional dialogue with the Regulator of Social Housing and with the Company's various counterparties.

The Company would like to take this opportunity to restate all positions set out in the Market Update and specifically to confirm the Board's confidence in the Company, in its investment adviser and to note that the Company's assets and revenues continue to perform in line with expectations. The Board reaffirms its dividend target for FY22 of 5.55 pence per Ordinary Share.

For further information, please contact:

Civitas Investment Management Limited

Paul Bridge                                      Tel: [phone]

Andrew Dawber                                   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]

 Notes:

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 £915.6 million (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, 17 approved providers and working with over 178 individual local authorities.

 

END

 

 

RSPQZLFFFBLFFBZ