TIDMPRSR
RNS Number : 2940I
PRS REIT PLC (The)
10 December 2020
10 December 2020
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 the Annual General Meeting held on 10 December
2020, resolutions 1 to 10 were passed as ordinary resolutions and
resolutions 11 to 13 were passed as special resolutions.
The text of all the resolutions is contained in the Company's
Notice of Annual General Meeting published on 9 November 2020.
The results of the polls taken on the resolutions, on which Link
Asset Services, 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 356,771,915 96.66 12,340,243 3.34 3,583 369,112,158
----------- ---------- ---------- ---------- -------- ----------------
2 - Directors'
Remuneration
Report 367,746,944 99.63 1,364,797 0.37 4,000 369,111,741
----------- ---------- ---------- ---------- -------- ----------------
3 - Directors'
Remuneration
Policy 364,323,224 98.7 4,788,517 1.3 4,000 369,111,741
----------- ---------- ---------- ---------- -------- ----------------
4 - Appointment
of Steve Smith 356,307,524 96.53 12,808,217 3.47 0 369,115,741
----------- ---------- ---------- ---------- -------- ----------------
5 - Appointment
of Steffan Francis 368,548,880 99.85 566,861 0.15 0 369,115,741
----------- ---------- ---------- ---------- -------- ----------------
6 - Appointment
of Rod Macrae 368,524,880 99.84 590,861 0.16 0 369,115,741
----------- ---------- ---------- ---------- -------- ----------------
7 - Appointment
of Jim Prower 355,098,929 96.2 14,016,812 3.8 0 369,115,741
----------- ---------- ---------- ---------- -------- ----------------
8 - Auditor reappointment 369,109,955 99.99 2,203 0.01 3,583 369,112,158
----------- ---------- ---------- ---------- -------- ----------------
9 - Auditor remuneration 369,108,158 100 0 0 7,583 369,108,158
----------- ---------- ---------- ---------- -------- ----------------
10 - Authority
to allot 33%
ISC 369,109,955 99.99 5,786 0.01 0 369,115,741
----------- ---------- ---------- ---------- -------- ----------------
11 - Pre-emption
disapplication
- 10%* 367,759,658 99.63 1,353,583 0.37 2,500 369,113,241
----------- ---------- ---------- ---------- -------- ----------------
12 - Pre-emption
disapplication
- 10%* 300,846,822 81.51 68,226,619 18.49 42,300 369,073,441
----------- ---------- ---------- ---------- -------- ----------------
13 - Market purchase
of own Shares* 369,068,060 99.99 47,681 0.01 0 369,115,741
----------- ---------- ---------- ---------- -------- ----------------
* Special Resolution
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378 (c/o
Steve Smith, Non-executive Chairman KTZ Communications)
Sigma PRS Management Limited Tel: 0333 999 9926
Graham Barnet, Mike McGill
N+1 Singer Tel: 020 7496 3000
James Maxwell, James Moat
G10 Capital Limited (part of the IQEQ Group Tel: 020 3745 2826
as AIFM)
Paul Turner
KTZ Communications Tel: 020 3178 6378
Katie Tzouliadis, Dan Mahoney
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 and to provide
shareholders with an attractive level of income together with the
potential for capital and income growth. The Company is investing
GBP0.9bn in a portfolio of high quality homes for private rental
across the regions, having 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. 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 PRS 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 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 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).
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