Capital Markets Day

RNS Number : 4674Z

PRS REIT PLC (The)

20 May 2019

 

20 May 2019

PRSR.L

The PRS REIT plc

(the "Company" or "PRS REIT")

Capital Markets Day

The PRS REIT, the closed-ended real estate investment trust established to invest in new-build homes in the Private Rented Sector ("PRS"), is today hosting a Capital Markets Day for institutional investors.

The event will include a presentation from a number of executives from Sigma Capital Group plc ("Sigma"), the parent company of the PRS REIT's Investment Adviser, including Graham Barnet, Sigma's CEO & Founder. There will also be presentations from Ian Sutcliffe, CEO of Countryside Properties PLC, Duncan Sutherland, Sigma's Regeneration Director and board member of Homes England, and Craig Langley, Director, Valuation at Savills, on the benefits and strengths of the PRS REIT's model. 

The presentations will not contain any material new information, except for the information announced separately this morning that additional debt facilities of £200m have been agreed, taking the Company's funding resource to £900m gross. 

For further information, please contact:

The PRS REIT plc Steve Smith, Non-executive Chairman	Tel: [phone] (c/o KTZ Communications)
Sigma PRS Management Limited Graham Barnet, Graeme Hogg	Tel: [phone]
N+1 Singer  James Maxwell, James Moat, Ben Farrow	Tel: [phone]
Stifel Mark Young, Neil Winward, Gaudi Le Roux	Tel: [phone]
G10 Capital Limited (AIFM) Gerhard Grueter	Tel: [phone]
KTZ Communications Katie Tzouliadis, Dan Mahoney	Tel: [phone]

NOTES TO EDITORS

About The PRS REIT plc
(www.theprsreit.com)

The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth.  In its Initial Public Offering, on 31 May 2017, the Company raised £250m gross equity capital and, on 20 February 2018, it raised a further £250m (gross) through an additional Placing. Both fundraisings were supported by the UK Government's Homes England with direct investments totaling c. £30m.

LEI: 21380037Q91HU97WZX58

About Sigma Capital Group plc
(www.sigmacapital.co.uk)

Sigma Capital Group plc is a private rented sector, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors.  Its subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc.

About Sigma PRS Management Limited

Sigma PRS Management Limited is an appointed representative of G10 Capital Limited which is authorised and regulated by the Financial Conduct Authority (FRN:648953) and is a wholly-owned subsidiary of AIM-quoted Sigma Capital Group plc and is Investment Adviser to The PRS REIT plc. It sources investments and 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.

 

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