TIDMPRSR
RNS Number : 8370H
PRS REIT PLC (The)
28 November 2022
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 28 November
2022, 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 In favour Percentage Against Percentage Withheld Total
in against votes
favour cast
(excluding
withheld)
1 - Adoption of
Accounts 391,854,418 100.00% 0 0.00% 305,843 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
2 - Directors'
Remuneration Report 390,262,447 99.52% 1,896,508 0.48% 1,306 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
3 - Re-appointment
of Stephen Smith 367,810,282 93.79% 24,348,673 6.21% 1,306 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
4 - Re-appointment
of Steffan Francis 389,264,925 99.26% 2,893,222 0.74% 2,114 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
5 - Re-appointment
of Roderick MacRae 389,267,936 99.26% 2,891,019 0.74% 1,306 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
6 - Re-appointment
of Geeta Nanda 389,260,530 99.26% 2,897,617 0.74% 2,114 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
7 - Re-appointment
of Jim Prower 389,243,936 99.26% 2,915,019 0.74% 1,306 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
8 - Auditor reappointment 378,005,896 99.98% 66,500 0.02% 14,087,865 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
9 - Auditor remuneration 392,120,732 99.99% 38,223 0.01% 1,306 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
10 - Payment of
interim dividends 392,154,560 100.00% 0 0.00% 5,701 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
11 - General authority
to allot shares 387,360,176 98.78% 4,794,384 1.22% 5,701 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
12 - Pre-emption
disapplication
up to 10%* 391,492,605 99.83% 666,350 0.17% 1,306 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
13 - Pre-emption
disapplication
up to a further
10% in connection
with an acquisition
or specified capital
investment* 376,530,749 96.01% 15,628,206 3.99% 1,306 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
14 - Market purchase
of own shares* 374,159,803 95.42% 17,941,881 4.58% 58,577 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
15 - Notice period
for general meetings* 384,350,531 98.01% 7,806,350 1.99% 3,380 392,160,261
----------- ---------- ---------- ---------- ---------- -----------
* Special Resolutions
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)
Panmure Gordon (UK) Limited Tel: 020 7886 2500
Chloe Ponsonby, Alex Collins
David Hawkins, Tom Scrivens (Sales)
G10 Capital Limited (part of IQ-EQ) Tel: 0207 397 5450
Paul Cowland
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 ("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. Approaching its 5,000th new
rental home, which is expected at around the end of 2022, 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 (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 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 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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