PRS REIT PLC (The) Deferral of Interim Results and Trading Update (2969H)
24 Marzo 2020 - 1:00AM
UK Regulatory
TIDMPRSR
RNS Number : 2969H
PRS REIT PLC (The)
24 March 2020
24 March 2020
PRSR.L
The PRS REIT plc
("PRS REIT" or "the Company" or "the Group")
FCA letter re Temporary Moratorium on Release of Results
&
Trading Update
On 21 March 2020, the Financial Conduct Authority ("FCA") issued
guidance requesting public companies to delay the announcement of
preliminary results for at least two weeks, due to the challenges
caused by the Coronavirus crisis. On 23 March 2020, the Financial
Reporting Council ("FRC") issued a statement disclosing, inter
alia, that it fully supports the FCA's request and added that it is
important that due consideration is given by companies to recent
unprecedented events in preparing all reporting, including interim
financial statements and final audited financial statements, except
where necessary to meet a legal or regulatory requirement.
In light of the above, while the PRS REIT had intended to
announce its Interim Results for the six months ended 31 December
2019 today, the Company will follow the FCA and FRC requests and
confirms that it will defer the publication of its results until 31
March 2020, subject to any further guidance from the FCA and FRC to
the contrary.
In the meantime, the Company is providing the following trading
update.
The Company ended the first half of the financial year with an
encouraging trading performance, which had continued into March.
While the Coronavirus pandemic is creating macro uncertainties, the
Board believes that the Company's business model is resilient and
that it has the financial and operational capacity and capability
to navigate resultant challenges while also responding to
opportunities.
The overriding priority is the welfare of colleagues, tenants
and communities, and as the business adapts to new conditions
created by the Coronavirus crisis, this remains the case.
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378 (c/o KTZ Communications)
Steve Smith, Non-executive Chairman
Sigma PRS Management Limited Tel: 0333 999 9926
Graham Barnet, Malcolm Briselden
N+1 Singer Tel: 020 7496 3000
James Maxwell, James Moat, Ben
Farrow
G10 Capital Limited (part of the Tel: 020 3696 1302
IQEQ Group as AIFM)
Gerhard Grueter
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 ("PRS") 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 ("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. 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. In April 2019, Sigma launched the Sigma Scottish PRS Fund, the
first dedicated vehicle to focus on the creation of new rental
homes for families in the private rented sector in Scotland, and in
October 2019, Sigma announced the expansion of its build-to-rent
activities in London.
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 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
Investment Manager 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).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCFFFFFVDIVFII
(END) Dow Jones Newswires
March 24, 2020 03:00 ET (07:00 GMT)
Prs Reit (LSE:PRSR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Prs Reit (LSE:PRSR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024