TIDMPRSR
RNS Number : 8050V
PRS REIT PLC (The)
15 December 2021
15 December 2021
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 on 15 December
2021, resolutions 1 to 11 were passed as ordinary resolutions and
resolutions 12 to 14 were passed as special resolutions.
The text of all the resolutions is contained in the Company's
Notice of Annual General Meeting published on 12 November 2021. The
results of the polls taken on the resolutions, on which Link Group,
the Company's registrar, acted as scrutineer, are as follows:
Resolution In favour Percentage Against Percentage Withheld Total votes
In favour Against Cast (excluding
withheld)
1 - Adoption
of Accounts 390,040,725 96.51% 14,086,559 3.49% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
2 - Directors'
Remuneration
Report 403,974,951 99.96% 152,333 0.04% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
3 - Directors'
Remuneration
Policy 403,938,951 99.95% 188,333 0.05% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
4 - Appointment
of Geeta Nanda 403,958,249 99.97% 137,880 0.03% 37,355 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
5 - Appointment
of Stephen
Smith 401,430,766 99.34% 2,665,363 0.66% 37,355 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
6 - Appointment
of Steffan
Francis 401,931,855 99.46% 2,164,274 0.54% 37,355 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
7 - Appointment
of Rod MacRae 401,963,010 99.46% 2,164,274 0.54% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
8 - Appointment
of Jim Prower 401,963,010 99.46% 2,164,274 0.54% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
9 - Auditor
reappointment 403,956,046 99.99% 33,358 0.01% 144,080 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
10 - Auditor
remuneration 403,989,404 100.00% - 0.00% 144,080 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
11 - General
authority to
allot shares 402,892,164 99.69% 1,235,120 0.31% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
12 -
Pre-emption
disapplication
- 10%* 403,593,698 99.87% 533,586 0.13% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
13 -
Pre-emption
disapplication
- 10%* 388,484,338 96.13% 15,642,946 3.87% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
14 - Market
purchase
of own Shares* 403,667,679 99.89% 459,605 0.11% 6,200 404,133,484
---------------- ---------- --------------------- ---------- ------------------- --------------------
* Special Resolution
For further information, please contact:
The PRS REIT plc Tel: +44 (0)20 3178
Steve Smith, Non-executive Chairman 6378
(c/o KTZ Communications)
Sigma PRS Management Ltd Tel: +44 (0)333 999
Graham Barnet, Mike McGill 9926
Singer Capital Markets Tel: +44 (0)20 7496
James Maxwell, Asha Chotai 3000
Panmure Gordon (UK) Limited Tel: +44 (0)20 7886
Chloe Ponsonby (Corporate Broking), Alex 2500
Collins (Corporate Finance)
G10 Capital Limited (part of the IQEQ Group Tel: +44 (0)20 7397
as AIFM) 5450
Paul Turner
KTZ Communications
Katie Tzouliadis, Dan Mahoney
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 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. On 16 July 2021, the Company
announced the completion of the 4,000(th) new rental home for its
portfolio, which the Company believes is the largest build-to-rent
single family rental portfolio in the UK.
LEI: 21380037Q91HU97WZX58
About Sigma Capital Group Limited (formerly Sigma Capital Group
plc)
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 unrivalled property 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 also manages the rental of completed
homes through its award winning rental brand 'Simple Life'. The
Company's subsidiary, Sigma PRS Management Ltd, is Investment
Adviser to The PRS REIT plc.
About Sigma PRS Management Ltd
Sigma PRS Management Ltd 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
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