REG - PRS REIT PLC (The) - Director Declaration

PRS ReitAnnouncement

17/01/2024 10:15

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RNS Number : 0152A  PRS REIT PLC (The)  17 January 2024

PRSR.L

The PRS REIT plc

("the PRS REIT" or "the Company")

Director's Declaration

 

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"), has
been informed that Karima Fahmy, Non-executive Director of the Company, has
been appointed as a non-executive director of Balanced Commercial Property
Trust Ltd, with effect from 19 January 2024.

 

This announcement is made by the Company pursuant to Listing Rule 9.6.14(2).

 

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)

 Jefferies International Limited                                                Tel: 020 7029 8000

 Gaudi Le Roux, Tom Yeadon,

 Harry Randall, Ollie Nott

 G10 Capital Limited (part of IQ-EQ)                                            Tel: 0207 397 5450

 Maria Baldwin

 KTZ Communications                                                             Tel: 020 3178 6378

 Katie Tzouliadis, Robert Morton

 

NOTES TO EDITORS

 

About The PRS REIT plc www.theprsreit.com (http://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 £1bn in a portfolio of
high-quality homes for private rental across the regions, having raised a
total of £0.56bn (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. With over 5,200 new
rental homes, 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 (http://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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