Directorate Change

RNS Number : 5412T

Triple Point Social Housing REIT

20 March 2023

 

20 March 2023

Triple Point Social Housing REIT plc

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

DIRECTORATE CHANGES

The Board of Directors of Triple Point Social Housing REIT plc is pleased to announce the appointment of Cecily Davis to the Board as an Independent Non-Executive Director with effect from 23 May 2023, immediately following the Annual General Meeting.

Cecily has extensive legal, construction and infrastructure sector experience gained from 30 years as a construction and projects lawyer. She is an Engineering, Procurement and Construction Partner at Fieldfisher and Co-Head of Fieldfisher's Africa Group. She was formerly a Partner at DLA Piper until 2014 and Shadbolt & Co until 2005. Cecily has an extensive understanding of the residential and affordable housing sectors, having acted as Non-Executive Director of both L&Q Group and Places for People. Cecily is a Director of 3 M Homes Ltd and is a Trustee of the Southwark Charities, which provides almshouses to local residents.

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.

The Board also announces that Paul Oliver, an Independent Non-Executive Director of the Company, has notified the Company of his intention to retire from the Board with effect from 30 June 2023. Paul has been an Independent Non-Executive Director and a member of the Audit, Management Engagement, and Nomination Committees since July 2017.

Further details on consequential changes to the composition of the Board Committees will be notified in due course.

Chris Phillips, Chair of the Company, commented:

"On behalf of the Board, I would like to take the opportunity, in advance of his retirement in June, to thank Paul Oliver for his valuable insights and contribution to the development of the Company since its IPO. He retires from the Company with our very best wishes for the future.

"We are, however, very pleased to welcome Cecily Davis as an Independent Non-Executive Director to the Board. Her considerable experience, in particular in the residential and affordable housing sectors, will be invaluable to the Board and we look forward to working with her."

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP   (Investment Manager)	Tel: [phone]
Max Shenkman
Isobel Gunn-Brown
Akur Capital (Joint Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant
Stifel (Joint Financial Adviser and Corporate Broker)	Tel: [phone]
Mark Young
Mark Bloomfield
Rajpal Padam
Madison Kominski

The Company's LEI is 213800BERVBS2HFTBC58.

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

NOTES:

The Company focuses on investing in newly developed social housing assets in the UK, with a particular focus on specialised supported housing. The majority of the assets within the portfolio are subject to inflation-linked, long-term, 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 a 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.

The Company is a UK Real Estate Investment Trust ("REIT") listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE EPRA/NAREIT index.

 

END

 

 

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