Appointment of Financial Adviser

PRS REIT PLC (The)

04 November 2024

 

PRSR.L

The PRS REIT plc

("PRS REIT" or "the Company")

Appointment of Financial Adviser in relation to Strategic Review and Formal Sale Process

The PRS REIT plc, the closed-ended real estate investment trust that invests in high-quality, new build, family homes in the private rented sector, announces that it has appointed Singer Capital Markets Advisory LLP to act as financial adviser in connection with its Strategic Review and Formal Sale Process, announced on 23 October 2024.

Parties interested in submitting an expression of interest to the Company should contact Singer Capital Markets using the contact details below.

The Company is keen to understand the views of all shareholders as part of the Strategic Review and encourages shareholders contact the Company at [e-mail].

For further information, please contact:

The PRS REIT plc Geeta Nanda, Senior Independent Non-Executive Director Robert Naylor, Non-Executive Director	Tel: [phone] (c/o Singer Capital Markets)
Singer Capital Markets James Moat, James Maxwell, Asha Chotai	Tel: [phone]
G10 Capital Limited (AIFM and part of IQ-EQ group) Maria Baldwin	Tel: [phone]
KTZ Communications Katie Tzouliadis, Robert Morton	Tel: [phone]

NOTES TO EDITORS

About The PRS REIT plc www.theprsreit.co.uk  

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 is investing over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (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. The Company is listed on the Closed-ended investment funds category of the FCA's Official List and its Ordinary Shares are traded on the London Stock Exchange's Main Market. It is a constituent of the FTSE 250 Index. With 5,425 new rental homes as at 30 September 2024, the Company believes its portfolio is the largest build-to-rent single-family rental portfolio in the UK.

LEI: 21380037Q91HU97WZX58

About Sigma PRS Management Ltd

Sigma PRS Management Ltd 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). 

Publication on website

For the purposes of Rule 26.1 of the Takeover Code, a copy of this announcement will be made available (subject to certain restrictions relating to persons resident in restricted jurisdictions) on the Company's website https://www.theprsreit.com/ promptly following its publication and in any event no later than 12 noon (London time) on the business day following the release of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

 

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