Director/PDMR Dealing

RNS Number : 0350V
PRS REIT PLC (The)
28 November 2019
 

 

28 November 2019

 

The PRS REIT plc

(the "Company" or the "PRS REIT")

 

Director/PDMR Dealing

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Steffan Francis

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

The PRS REIT plc

b)

 

LEI

 

21380037Q91HU97WZX58

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary Shares

 

ISIN : GB00BF01NH51

b)

 

Nature of the transaction

 

 

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

84.75 pence

10,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Not applicable - single transaction

 

e)

 

Date of the transaction

 

28 November 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

For further information, please contact:

 

The PRS REIT plc
Steve Smith, Non-executive Chairman

Tel: 020 3178 6378 (c/o KTZ Communications)



Sigma PRS Management Limited
Graham Barnet, Malcolm Briselden

Tel: 0333 999 9926

 

 

N+1 Singer 
James Maxwell, James Moat, Ben Farrow

Tel: 020 7496 3000

 

 

 

G10 Capital Limited (part of the IQEQ Group as AIFM)

Gerhard Grueter

 

Tel: 020 3696 1302

KTZ Communications

Katie Tzouliadis, Dan Mahoney

Tel: 020 3178 6378

 

 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.  It has raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government's Homes England with direct investments.  

LEI:  21380037Q91HU97WZX58

 

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

Sigma Capital Group plc ("Sigma") 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. In April 2019, Sigma launched the Sigma Scottish PRS Fund, the first dedicated vehicle to focus on the creation of new rental homes for families in the private rented sector in Scotland, and in October Sigma announced the expansion of its build-to-rent activities in London.  

About Sigma PRS Management Ltd

Sigma PRS Management Limited 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 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 Investment Manager 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)

 

 


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