Publication of Supplementary Prospectus

RNS Number : 0412V

Triple Point Social Housing REIT

03 April 2019

 

3 April 2019

Triple Point Social Housing REIT plc

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

PUBLICATION OF SUPPLEMENTARY PROSPECTUS

The Company has today published a supplementary prospectus (the "Supplementary Prospectus") which is supplemental to, and should be read in conjunction with, the prospectus published by the Company on 19 September 2018 in relation to the 12 month Placing Programme of up to 150 million new ordinary shares in the Company.

The Supplementary Prospectus has been issued following publication of the Company's report and accounts for the financial year ending 31 December 2018 (the "2018 Annual Report"), certain information from which is incorporated by reference into the Supplementary Prospectus.

Copies of the Supplementary Prospectus and the 2018 Annual Report have been submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM shortly, as well as on the Company's website at www.triplepointreit.com.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP (Delegated Investment Manager)	Tel: [phone]
James Cranmer
Ben Beaton
Max Shenkman
Justin Hubble
Canaccord Genuity Limited (Joint Financial Adviser and Corporate Broker)	Tel: [phone]
Lucy Lewis
Denis Flanagan
Andrew Zychowski
Akur Limited (Joint 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-adjusted, 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 and financial pressure on Housing Associations to increase their housing delivery and this is creating opportunities for private sector investors to participate in the market. The Group's ability to provide forward financing 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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