PRS REIT PLC (The) Replacement: Appointment of Non-executive Director (3409Z)
17 Mayo 2019 - 1:00AM
UK Regulatory
TIDMPRSR
RNS Number : 3409Z
PRS REIT PLC (The)
17 May 2019
17 May 2019
PRSR.L
The PRS REIT plc
(the "Company" or "PRS REIT")
Appointment of Non-executive Director
The PRS REIT, the closed-ended real estate investment trust
established to invest in new-build homes for the Private Rented
Sector, is pleased to announce the appointment of Jim Prower as a
Non-executive Director with effect from 20 May 2019.
Jim, a chartered accountant, has over 30 years of experience in
senior financial roles. For the major part of his career he was
Group Finance Director at Argent Group plc, the UK-based property
developer, then Finance Partner of Argent (Property Development)
Services LLP and Argent Investments LLP, which specialise in
mixed-use developments with a focus on placemaking and
regeneration. Jim was involved in major development and
regeneration projects in Manchester, Birmingham and the City of
London, and from 2008 to 2015 he worked on the King's Cross Central
joint venture, which was one of Europe's largest regeneration
projects. Prior to that, he was Group Finance Director at Creston
Land & Estates plc, the property developer, and at NOBO Group
plc, a leading European manufacturer of visual presentation
products.
Jim is currently Senior Independent Director at Empiric Student
Property plc and a Non-executive Director at AEW UK Long Lease REIT
plc. In addition until March 2019, Jim was Senior Independent
Director at Tritax Big Box plc.
Steve Smith, Chairman of the PRS REIT, said:
"I am delighted to welcome Jim to the Board of the PRS REIT. Jim
brings a wealth of experience in property development that will be
of huge value to the Company as we move into the next stage of our
development."
There are no further disclosures required in respect of this
appointment pursuant to paragraph 9.6.13 of the Listing Rules of
the Financial Conduct Authority.
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378 (c/o KTZ
Steve Smith, Non-executive Communications)
Chairman
Sigma PRS Management Limited Tel: 0333 999 9926
Graham Barnet
Graeme Hogg
N+1 Singer Tel: 020 7496 3000
James Maxwell, James Moat,
Ben Farrow
Stifel Tel: 020 7710 7600
Mark Young, Neil Winward, Gaudi
Le Roux
G10 Capital Limited (AIFM) Tel: 020 3696 1302
Gerhard Grueter, Anthony Wood,
Gaia Udage
KTZ Communications Tel: 020 3178 6378
Katie Tzouliadis, Dan Mahoney
NOTES TO EDITORS
About The PRS REIT plc
(www.theprsreit.com))
The PRS REIT is a closed-ended real estate investment trust
established to invest in the Private Rented Sector and to provide
shareholders with an attractive level of income together with the
potential for capital and income growth. It has raised a total of
GBP500m (gross) through its Initial Public Offering, on 31 May
2017, and a subsequent placing in February 2018. Both fundraisings
were supported by the UK Government's Homes England with direct
investments.
LEI: 21380037Q91HU97WZX58
About Sigma Capital Group plc
(www.sigmacapital.co.uk)
Sigma Capital Group plc is a private rented sector, 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. It 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. Its 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
AIM-quoted Sigma Capital Group plc and is Investment Adviser to The
PRS REIT plc. It sources investments and 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 Investment Adviser
is an appointed representative (reference number: 776293) of the
AIFM.
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END
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