Annual Report and Accounts

RNS Number : 5114V

Regional REIT Limited

15 April 2021

 

15 April 2021

REGIONAL REIT Limited

("Regional REIT" or the "Company")

ANNUAL REPORT AND ACCOUNTS

Following the release on 25 March 2021 of its preliminary results for the year ended 31 December 2020, Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a geographically diverse portfolio of income producing regional UK core and core plus office assets, announces that it has today published its 2020 Annual Report and Accounts.

The Annual Report and Accounts will shortly be available to view on the Company's website at www.regionalreit.com and, in accordance with the Listing Rule 9.6.1, will also be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

The Company's 2021 Annual General Meeting ("AGM") was due to be held on Thursday, 19 May 2021. In light of the ongoing COVID-19 situation, in particular the current prohibition on large public gatherings, the Board has made the decision to delay the Company's 2021 AGM until later in the year with the hope that Shareholders will be able to attend in person.  Notice of a revised time and date for the 2021 AGM will be circulated to all shareholders and published on our website ( www.regionalreit.com ) and by RNS announcement as soon as practicable.

This announcement is not a substitute for reading the 2020 Annual Report in full.

- ENDS - 

Enquiries:

Regional REIT Limited
Toscafund Asset Management	Tel: [phone]
Investment Manager to the Group
Adam Dickinson, Investor Relations, Regional REIT Limited
London & Scottish Property Investment Management	Tel: [phone]
Asset Manager to the Group
Stephen Inglis
Buchanan Communications	Tel: [phone]
Financial PR	[e-mail]
Charles Ryland / Victoria Hayns / Henry Wilson

About Regional REIT    

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly of offices located in the regional centres outside of the M25 motorway. The portfolio is geographically diversified, with 153 properties, 898 occupiers as at 31 December 2020, with a valuation of 732.4m.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core and core plus property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at  www.regionalreit.com .

Cautionary Statement  

This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.

ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73

 

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