Annual General Meeting Update

RNS Number : 1173K

Triple Point Social Housing REIT

20 April 2020

 

20 April 2020

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

ANNUAL GENERAL MEETING UPDATE

Further to the Company's announcement on 20 March 2020 giving notice of its Annual General Meeting ("Notice") the Board has continued to monitor the impact of the Coronavirus (COVID-19), and as a result of the compulsory measures introduced by the UK government on the 23 March 2020 (the "Measures"), announces the following changes to its Annual General Meeting ("AGM") arrangements. Other than as set out below, all other details as set out in the Notice remain the same.

Location and Time

The location of the AGM as set out in the Notice is closed due to the Coronavirus. Therefore, in accordance with the Company's Articles of Association, prior to the start of the meeting, there will be an adjournment until 11.30am on 14 May 2020 and the AGM will be convened at 1 King William Street, London, EC4N 7AF.

Attendance

In accordance with Measures, which set out a very limited number of reasons that individuals may leave their homes, shareholders will not be permitted to attend the AGM. The Company is not authorised under its Articles of Association to hold virtual or hybrid shareholder meetings. The AGM will therefore be convened in accordance with the Company's Articles of Association and in line with the Measures. Shareholders are encouraged to vote via proxy (as detailed below) and they may also submit questions to the Board by emailing the Company Secretary at [e-mail] in advance of the AGM.

Voting

The Board strongly encourages shareholders to vote by proxy, and where possible, vote by proxy online, electing the Chairman of the meeting as their proxy as no other proxy will be permitted to attend the meeting due to the Measures. Where shareholders have elected someone other than the Chairman of the meeting as proxy, they are encouraged to submit a new proxy form to elect the Chairman of the meeting as their proxy otherwise their vote will not be counted.

The Board recommends voting in favour of all resolutions contained in the Notice of AGM as, in the Board's opinion, they are in the best interests of the Company and its shareholders as a whole.

All valid proxy votes will be included in the poll to be taken at the AGM. The results of the AGM will be announced as soon as practicable following the meeting.

The health and safety of the Company's directors and shareholders are of paramount importance. The Board would like to thank shareholders for their understanding under the current circumstances and will continue to monitor the situation closely.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
 

Triple Point Investment Management LLP (Delegated Investment Manager)	Tel: [phone]
James Cranmer
Ben Beaton
Max Shenkman
Hanway Advisory Limited (Company Secretary)	Tel: [phone]
Luke Cheshire
Akur Capital (Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant

The Company's LEI is 213800BERVBS2HFTBC58.

Further information on the Company can be found on its website at www.triplepointreit.com .

NOTES:

The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation- linked , long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

There is increasing political pressure and social need to increase housing supply across the UK which is creating opportunities for private sector investors to help deliver this housing. The Group's ability to provide forward funding for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents as well as delivering returns to investors.

Triple Point Investment Management LLP (part of the Triple Point Group) is responsible for management of the Group's portfolio (with such functions having been delegated to it by Langham Hall Fund Management LLP, the Company's alternative investment fund manager .

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017 and was admitted to the premium segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 27 March 2018.   The Company operates as a UK Real Estate Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.

 

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