PRS REIT PLC (The) Director/PDMR Shareholding (7144P)
21 October 2021 - 1:50AM
UK Regulatory
TIDMPRSR
RNS Number : 7144P
PRS REIT PLC (The)
20 October 2021
20 October 2021
PRSR.L
The PRS REIT plc
("the Company" or "the PRS REIT")
Director/PDMR Shareholding
The PRS REIT, the closed-ended real estate investment trust that
invests in high-quality, new build, family homes in the private
rented sector ("PRS"), announces that it was notified on 20 October
2021 that Jim Prower , Non-executive Director of the Company,
purchased 30,000 ordinary shares of GBP0.01 each in the Company
("Ordinary Shares").
As a result, Mr Prower's total interest in the Company is now
52,000 Ordinary Shares, representing 0.01 per cent of the total
voting rights of the Company.
The notification below, made in accordance with the requirements
of UK MAR, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jim Prower
--------------------------- ---------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name The PRS REIT plc
--------------------------- ---------------------------------------
b) LEI 21380037Q91HU97WZX58
--------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description Ordinary shares of GBP0.01 each
of the financial
instrument,
type of instrument GB00BF01NH51
Identification
code
--------------------------- ---------------------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) - pence
103 30,000
----------
--------------------------- ---------------------------------------
Aggregated
d) information
Aggregated
volume
Price
30,000
103p
-------------------------------- ---------------------------------------
e) Date of the 20 October 2021
transaction
--------------------------- ---------------------------------------
f) Place of the Off Market
transaction
--------------------------- ---------------------------------------
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378 (c/o KTZ
Steve Smith, Non-executive Chairman Communications)
Sigma PRS Management Limited Tel: 0333 999 9926
Graham Barnet, Mike McGill
Singer Capital Markets Tel: 020 7496 3000
James Maxwell, Asha Chotai
Panmure Gordon (UK) Limited Tel: 020 7886 2500
Chloe Ponsonby (Corporate Broking), Alex
Collins (Corporate Finance)
G10 Capital Limited (part of the IQEQ Group Tel: 020 3745 2826
as AIFM)
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 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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