CSH Civitas Social Housing Plc

TIDMCSH

RNS Number : 1537P

Civitas Social Housing PLC

15 October 2021

15 October 2021

CIVITAS SOCIAL HOUSING PLC

Response to Further Letter from Short-Seller

Civitas Social Housing PLC ("CSH" or the "Company") notes the letter issued by a short-seller in response to the "Market Update" published by the Company on Monday 11 October 2021.

Having recently issued a detailed and verified commentary in the form of a Market Update, the Company does not intend to respond further to this letter. CSH and its investment adviser continue to make themselves available to meet and speak with shareholders and continue the regular and professional dialogue with the Regulator of Social Housing and with the Company's various counterparties.

The Company would like to take this opportunity to restate all positions set out in the Market Update and specifically to confirm the Board's confidence in the Company, in its investment adviser and to note that the Company's assets and revenues continue to perform in line with expectations. The Board reaffirms its dividend target for FY22 of 5.55 pence per Ordinary Share.

For further information, please contact:

Civitas Investment Management Limited

   Paul Bridge                                                     Tel: +44 (0)20 3058 4844 
   Andrew Dawber                                            Tel: +44 (0)20 3058 4846 

Panmure Gordon

   Sapna Shah                                                    Tel: +44 (0)20 7886 2783 
   Tom Scrivens                                                 Tel: +44 (0) 20 7886 2648 
   Liberum Capital                                             Tel: +44 (0) 20 3100 2000 

Chris Clarke

Darren Vickers

Owen Matthews

Buchanan

   Helen Tarbet / Henry Wilson                      Tel: +44 (0) 20 7466 5111 
   Hannah Ratcliff / George Beale                  civitas@buchanan.uk.com 

Notes:

Civitas Social Housing PLC ("CSH") was created in 2016 by Civitas Investment Management Limited as the first dedicated London listed REIT, to raise long-term, sustainable, institutional capital to invest in care-based social homes across the UK. So far, Civitas has completed more than 120 individual transactions to build the largest portfolio of its kind that has been independently valued at GBP915.6 million (31 March 2021). CSH now provides homes for 4,391 working age adults with long-term care needs, in 648 bespoke properties that are supported by 119 specialist care providers, 17 approved providers and working with over 178 individual local authorities.

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October 15, 2021 02:00 ET (06:00 GMT)

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