Triple Point Social Housing REIT APPOINTMENT OF NON-EXECUTIVE DIRECTOR (6780C)
02 October 2018 - 7:00PM
UK Regulatory
TIDMSOHO
RNS Number : 6780C
Triple Point Social Housing REIT
02 October 2018
2 October 2018
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the
"Group")
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Triple Point Social Housing REIT plc (ticker: SOHO), the
specialist REIT that invests in primarily newly developed social
housing assets in the UK (let or pre-let to Approved Providers),
with a particular focus on supported housing, is pleased to
announce the appointment of Tracey Fletcher-Ray as a non-executive
director with effect from 1 November 2018. Tracey will also be
appointed as a member of Board committees following her
appointment.
Tracey brings considerable expertise as an executive and
non-executive in the care and support sectors. Tracey is currently
non-executive director to L&Q Group, one of the UK's largest
Housing Associations and developers, and Managing Director of
Caring Homes, a leading provider of care homes for the elderly.
From February 2016, Tracey spent nearly two years as Managing
Director at Berendsen PLC, a leading European textile service
business, where she was in charge of developing the company's
healthcare business, strategy and growth.
From 2006, Tracey spent eight years at Bupa UK, holding Managing
Director roles in the Care Home business (North of England and
Scotland) which involved contracting with and providing services on
behalf of local authorities and the NHS, and Bupa Health Clinics,
operating as a member of the Bupa UK Board , where she spearheaded
the transformation and modernisation agenda to help ensure that the
GBP2.8 billion revenue business was repositioned and delivering on
its strategic goals.
Tracey also spent six years at Barclays Bank PLC (2001-06) as
Commercial Director of Home Finance and Board Director of
Procurement and 13 years at ICI PLC, a chemical manufacturer,
latterly as Managing/Commercial Director.
Christopher Phillips, Chairman of Triple Point Social Housing
REIT plc, commented:
"We are delighted to welcome Tracey to the Board. We are
confident that her substantial understanding of the Supported
Housing market and care sector alongside her strategic business
acumen will prove invaluable to the Company as we continue to focus
on delivering long-term value to our shareholders and high quality,
long term homes for some of the most vulnerable members of our
society, at sustainable rents."
The Company confirms there is no further information to be
disclosed pursuant to LR 9.6.13.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management (via Newgate below)
LLP
(Delegated Investment Manager)
James Cranmer
Ben Beaton
Max Shenkman
Akur Limited (Joint Financial Adviser) Tel: 020 7493 3631
Tom Frost
Anthony Richardson
Siobhan Sergeant
Canaccord Genuity Limited (Joint Tel: 020 7523 8000
Financial Adviser )
Lucy Lewis
Denis Flanagan
Andrew Zychowski
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Em: triplepoint@newgatecomms.com
Anna Geffert
The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website
at www.triplepointreit.com.
NOTES:
The Company invests in social housing assets in the UK, with a
particular focus on supported housing. The assets within the
portfolio are subject to inflation-adjusted, long-term (typically
from 20 years to 30 years), Fully Repairing and Insuring ("FRI")
leases with Approved Providers (being Housing Associations, Local
Authorities or other regulated organisations in receipt of direct
payment from local government). The portfolio comprises investments
into properties which are already subject to an FRI lease with an
Approved Provider, as well as forward funding of pre-let
developments but does not include any direct development or
speculative development.
There is increasing political and financial pressure on Housing
Associations to increase their housing delivery and this is
creating opportunities for private sector investors to participate
in the market. The Group's ability to provide forward financing for
new developments not only enables the Company to secure fit for
purpose, modern assets for its portfolio but also addresses the
chronic undersupply of suitable supported housing properties in the
UK at sustainable rents and delivering returns to investors.
Triple Point Investment Management LLP (part of the Triple Point
Group) is responsible for management of the Group's portfolio (with
such functions having been delegated to it by Langham Hall Fund
Management LLP, the Company's alternative investment fund
manager).
The Company was admitted to trading on the Specialist Fund
Segment of the Main Market of the London Stock Exchange on 8 August
2017 and was admitted to the premium segment of the Official List
of the Financial Conduct Authority and migrated to trading on the
premium segment of the Main Market on 27 March 2018. The Company
operates as a UK Real Estate Investment Trust ("REIT") and is a
constituent of the FTSE EPRA/NAREIT index.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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