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, announces that it was
notified on 16 February 2024 that Stephen Smith, Non-executive
Chairman of the Company, acquired 45,000 ordinary shares in the
Company ("Ordinary Shares").
As a result, Mr Smith's total
interest in the Company is now 386,577 Ordinary Shares,
representing 0.07 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
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Stephen Smith
|
2
|
Reason for Notification
|
a)
|
Position/status
|
Director / PDMR
|
b)
|
Initial
notification/Amendment
|
Initial Notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
The PRS REIT plc
|
b)
|
LEI
|
21380037Q91HU97WZX58
|
4
|
Details of the transaction(s): section to be repeated 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 financial
instrument, type of instrument
Identification code
|
Ordinary Shares of £0.01
each
GB00BF01NH51
|
b)
|
Nature of the transaction
|
Purchase of shares
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£0.772363
|
45,000
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
45,000
£34,756.34
|
e)
|
Date of the transaction
|
16 February 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
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
|
Jefferies International Limited
Gaudi Le Roux, Tom Yeadon
Harry Randall, Ollie Nott
|
Tel: 020 7029 8000
|
G10
Capital Limited (part of IQ-EQ)
Maria Baldwin
|
Tel: 0207 397 5450
|
KTZ
Communications
Katie Tzouliadis, Robert
Morton
|
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.
With over 5,200 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
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 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).