REG - Home REIT PLC - Debt Repayment, Tenant and Accounts update

Home ReitAnnouncement

24/12/2024 07:00

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RNS Number : 1957R  Home REIT PLC  24 December 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

 

24 December 2024

 

Home REIT plc

("Home REIT" or the "Company")

Debt Repayment, Tenant  and Accounts Publication Update

 

Debt Repayment

On 28 November 2024, the Company announced it had made full repayment of the
loans from Scottish Widows and that a further payment of approximately £9m in
respect of additional fees would be made in December 2024. The Company
confirms that the additional fees have now been paid and Scottish Widows has
released its charge over Home REIT's assets.

 

Tenant Update

Home REIT and LTG Vision have agreed a surrender on 171 properties. Going
forward, Lomond Investment Management will act as property manager for the
assets, minimising disruption to the underlying residents.

 

Publication of Accounts

The Company announces that it now expects to publish historical accounts for
the year ended 31 August 2023 in January 2025, with the results for the year
ended 31 August 2024 following in the first quarter of 2025.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 FTI Consulting (Communications Adviser)  HomeREIT@fticonsulting.com

 Dido Laurimore                           +44 (0)20 3727 1000

 Bryn Woodward

 Oliver Harrison

 

The Company's LEI is: 213800A53AOVH3FCGG44.

 

For more information, please visit the Company's website: www.homereituk.com
(http://www.homereituk.com/)

 

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