Tenant update

RNS Number : 9265R

Home REIT PLC

06 March 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

6 March 2023

Home REIT plc

("Home REIT" or the "Company")

Tenant update

The Company announces that Gen Liv UK CIC, a tenant making up 5.7% of the Company's annual rent roll, has entered into a creditors' voluntary liquidation and has appointed FRP Advisory Trading Limited as liquidators.

The Company further announces that Lotus Sanctuary CIC, a tenant making up 12.5% of the Company's annual rent roll, has also entered into a creditors' voluntary liquidation on 2 March 2023.

The Company is in discussions with prospective tenants to take on new leases of Gen Liv UK CIC's and Lotus Sanctuary CIC's portfolios and it should be noted that whilst discussions with prospective tenants are ongoing, arrangements have been made for existing care and support services to continue, to ensure that there is no impact on underlying residents. No resident will lose their accommodation as a result of the above creditors' voluntary liquidations.

FOR FURTHER INFORMATION, PLEASE CONTACT:

FTI Consulting (Communications Adviser) Dido Laurimore Eve Kirmatzis Ellie Perham-Marchant Oliver Harrison

[e-mail] [phone]

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website:  www.homereituk.com

Inside Information

The information contained within this announcement is deemed by Home REIT to constitute inside information as stipulated under the Market Abuse Regulation (EU) no. 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018). On the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Publication of this announcement

In accordance with Rule 26.1 of the UK City Code on Takeovers and Mergers, a copy of this announcement will be available, subject to certain restrictions relating to persons resident in restricted jurisdictions, on Home REIT's website at https://www.homereituk.com/possible-offer/ no later than 12 noon on 7 March 2023.

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement. 

 

END

 

 

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