Result of AGM

RNS Number : 8370H
PRS REIT PLC (The)
28 November 2022
 

PRSR.L

The PRS REIT plc

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

 

Result of AGM

 

The PRS REIT, the closed-ended real estate investment trust that invests in new-build homes in the Private Rented Sector, is pleased to announce that at its Annual General Meeting, held on 28 November 2022, resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 to 15 were passed as special resolutions.

 

The full text of the resolutions is contained in the Company's Notice of Annual General Meeting. The results of the poll taken on the resolutions, for which Link Group, the Company's registrar, acted as scrutineer, are as follows:

Resolution

In favour

Percentage

in

favour

Against

Percentage

against

Withheld

Total votes

cast (excluding withheld)

1 - Adoption of Accounts

391,854,418

100.00%

0

0.00%

305,843

392,160,261

2 - Directors' Remuneration Report

390,262,447

99.52%

1,896,508

0.48%

1,306

392,160,261

3 - Re-appointment of Stephen Smith

367,810,282

93.79%

24,348,673

6.21%

1,306

392,160,261

4 - Re-appointment of Steffan Francis

389,264,925

99.26%

2,893,222

0.74%

2,114

392,160,261

5 - Re-appointment of Roderick MacRae

389,267,936

99.26%

2,891,019

0.74%

1,306

392,160,261

6 - Re-appointment of Geeta Nanda

389,260,530

99.26%

2,897,617

0.74%

2,114

392,160,261

7 - Re-appointment of Jim Prower

389,243,936

99.26%

2,915,019

0.74%

1,306

392,160,261

8 - Auditor reappointment

378,005,896

99.98%

66,500

0.02%

14,087,865

392,160,261

9 - Auditor remuneration

392,120,732

99.99%

38,223

0.01%

1,306

392,160,261

10 - Payment of interim dividends

392,154,560

100.00%

0

0.00%

5,701

392,160,261

11 - General authority to allot shares

387,360,176

98.78%

4,794,384

1.22%

5,701

392,160,261

12 - Pre-emption disapplication up to 10%*

391,492,605

99.83%

666,350

0.17%

1,306

392,160,261

13 - Pre-emption disapplication up to a further 10% in connection with an acquisition or specified capital investment*

376,530,749

96.01%

15,628,206

3.99%

1,306

392,160,261

14 - Market purchase of own shares*

374,159,803

95.42%

17,941,881

4.58%

58,577

392,160,261

15 - Notice period for general meetings*

384,350,531

98.01%

7,806,350

1.99%

3,380

392,160,261

 

* Special Resolutions

 

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 Ltd
Graham Barnet, Mike McGill

 

Tel: 0333 999 9926

Singer Capital Markets
James Maxwell, Asha Chotai (Investment Banking)

Alan Geeves, James Waterlow, Sam Greatrex (Sales)

 

Tel: 020 7496 3000

 

Panmure Gordon (UK) Limited

Chloe Ponsonby, Alex Collins

David Hawkins, Tom Scrivens (Sales)

 

Tel: 020 7886 2500

G10 Capital Limited (part of IQ-EQ)

Paul Cowland

 

Tel: 0207 397 5450

 


KTZ Communications

Katie Tzouliadis, Dan Mahoney

Tel: 020 3178 6378

 

 

NOTES TO EDITORS

 

About The PRS REIT plc
www.theprsreit.com

 

The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has supported the Company with direct investments. On 2 March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange's premium segment of the Main Market. Approaching its 5,000th new rental home, which is expected at around the end of 2022, the Company believes its portfolio is the largest build-to-rent single-family rental portfolio in the UK.  

LEI:  21380037Q91HU97WZX58

 

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

 

Sigma Capital Group Limited ("Sigma") is a PRS, 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. The Company 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.

 

Sigma has created an excellent property procurement and management platform, which sources sites and brings together construction resource to develop them, enabling Sigma to deliver an integrated solution to partners. As well as sourcing sites and managing all stages of the planning and development process, Sigma manages the rental of completed homes through its award-winning rental brand 'Simple Life'. The Company's subsidiary, Sigma PRS Management Ltd, is Investment Adviser to The PRS REIT plc.

 

About Sigma PRS Management Ltd

Sigma PRS Management Ltd is a wholly-owned subsidiary of Sigma Capital Group Limited 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 AIFM 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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