TIDMPRSR
RNS Number : 6276V
PRS REIT PLC (The)
04 December 2023
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 earlier today,
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 Votes Percentage Votes Percentage Total Votes
in favour* in against against votes withheld**
favour cast
(excluding
withheld)
1 - Adoption of
Accounts 386,930,852 100% 0 0% 386,930,852 301,069
----------- ---------- ---------- ---------- ----------- -----------
2 - Directors'
Remuneration Report 386,276,083 99.76% 913,133 0.24% 387,189,216 42,705
----------- ---------- ---------- ---------- ----------- -----------
3 - Re-appointment
of Stephen Smith 386,758,347 99.89% 414,992 0.11% 387,173,339 58,582
----------- ---------- ---------- ---------- ----------- -----------
4 - Re-appointment
of Steffan Francis 386,782,347 99.90% 390,992 0.10% 387,173,339 58,582
----------- ---------- ---------- ---------- ----------- -----------
5 - Re-appointment
of Roderick MacRae 386,777,347 99.90% 390,992 0.10% 387,168,339 58,582
----------- ---------- ---------- ---------- ----------- -----------
6 - Re-appointment
of Geeta Nanda 383,672,675 99.88% 472,010 0.12% 384,144,685 3,087,236
----------- ---------- ---------- ---------- ----------- -----------
7 - Appointment
of Karima Fahmy 386,780,596 99.90% 392,743 0.10% 387,173,339 58,582
----------- ---------- ---------- ---------- ----------- -----------
8 - Auditor reappointment 386,823,965 99.97% 104,037 0.03% 386,928,002 303,919
----------- ---------- ---------- ---------- ----------- -----------
9 - Auditor remuneration 387,061,158 100% 10,000 0% 387,071,158 160,763
----------- ---------- ---------- ---------- ----------- -----------
10 - Payment of
interim dividends 387,227,930 100% 0 0% 387,227,930 3,991
----------- ---------- ---------- ---------- ----------- -----------
11 - General authority
to allot shares 375,892,457 97.07% 11,327,542 2.93% 387,219,999 11,922
----------- ---------- ---------- ---------- ----------- -----------
12 - Pre-emption
disapplication
up to 10% 386,040,550 99.71% 1,112,805 0.29% 387,153,355 78,566
----------- ---------- ---------- ---------- ----------- -----------
13 - Pre-emption
disapplication
up to a further
10% in connection
with an acquisition
or specified capital
investment 385,696,265 99.61% 1,511,138 0.39% 387,207,403 24,518
----------- ---------- ---------- ---------- ----------- -----------
14 - Market purchase
of own shares 369,578,150 96.73% 12,493,489 3.27% 382,071,639 5,160,282
----------- ---------- ---------- ---------- ----------- -----------
15 - Notice period
for general meetings 378,268,729 97.69% 8,954,500 2.31% 387,223,229 8,692
----------- ---------- ---------- ---------- ----------- -----------
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted in
the calculation of the votes in favour or against a resolution.
As at 30 November 2023, the issued share capital of the Company
consisted of 549,251,458 ordinary shares.
In accordance with Listing Rule 9.6.2, copies of all the
resolutions passed, other than ordinary business, will be submitted
to the National Storage Mechanism and will shortly be available for
inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378
Steve Smith, Non-executive Chairman (c/o KTZ Communications)
Sigma PRS Management Ltd Tel: 0333 999 9926
Graham Barnet, Mike McGill
Singer Capital Markets Tel: 020 7496 3000
James Maxwell, Asha Chotai (Investment
Banking)
Alan Geeves, James Waterlow, Sam Greatrex
(Sales)
Jefferies International Limited Tel: 020 7029 8000
Gaudi Le Roux, Tom Yeadon
Harry Randall, Ollie Nott
G10 Capital Limited (part of IQ-EQ) Tel: 0207 397 5450
Paul Cowland
KTZ Communications Tel: 020 3178 6378
Katie Tzouliadis, Robert Morton
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 has
investment of 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. Now comprising over 5,100
build-to-rent 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).
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END
RAGUSUBROVUURAA
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December 04, 2023 12:29 ET (17:29 GMT)
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