TIDMPRSR

RNS Number : 9932C

PRS REIT PLC (The)

17 October 2022

PRSR.L

The PRS REIT plc

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

Director/PDMR Shareholding

The PRS REIT, the closed-ended real estate investment trust that invests in high-quality, new build, family homes in the private rented sector ("PRS"), announces that it was notified on 14 October 2022 that Stephen Smith, Non-executive Chairman of the Company, acquired 80,000 ordinary shares in the Company ("Ordinary Shares").

As a result, Mr Smith's total interest in the Company is now 235,000 Ordinary Shares, representing 0.04 per cent of the total voting rights of the Company.

The notification below, made in accordance with the requirements of UK MAR, provides further detail.

Notification of transactions of persons discharging managerial responsibility or connected persons

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                              Stephen Smith 
     --------------------------------  --------------------------------- 
      Reason for Notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status                   Director / PDMR 
     --------------------------------  --------------------------------- 
 b)   Initial notification/Amendment    Initial Notification 
     --------------------------------  --------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                              The PRS REIT plc 
     --------------------------------  --------------------------------- 
 b)   LEI                               21380037Q91HU97WZX58 
     --------------------------------  --------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description of the                Ordinary shares of GBP0.01 each 
       financial instrument, 
       type of instrument 
       Identification code               GB00BF01NH51 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Purchase of shares 
     --------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP0.884    80,000 
                                                     ---------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                80,000 
       - Price                            GBP70,720 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           14 October 2022 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          London Stock Exchange 
     --------------------------------  ---------------------------------

For further information, please contact:

 
The PRS REIT plc                             Tel: 020 3178 6378 (c/o 
 Steve Smith, Non-executive Chairman          KTZ Communications) 
Sigma PRS Management Limited                 Tel: 0333 999 9926 
 Graham Barnet, Mike McGill 
Singer Capital Markets                       Tel: 020 7496 3000 
 James Maxwell, Asha Chotai 
Panmure Gordon (UK) Limited                  Tel: 020 7886 2500 
 Chloe Ponsonby, Alex Collins 
G10 Capital Limited (part of the IQEQ Group  Tel: 020 3745 2826 
 as AIFM) 
 Paul Cowland 
KTZ Communications                           Tel: 020 3178 6378 
 Katie Tzouliadis, Dan Mahoney

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 GBP1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of GBP0.56bn (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. At over 4,800 new rental homes, 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, and is part of PineBridge Investments, a private, global asset manager with $146bn in assets under management at March 2022.

Sigma's principal focus is on the delivery of large-scale housing schemes for the private rented sector. The business 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 unrivalled property 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 also manages the rental of completed homes through its award-winning rental brand 'Simple Life'. The business's subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc.

About Sigma PRS Management Limited

Sigma PRS Management Limited 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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October 17, 2022 02:00 ET (06:00 GMT)

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