REG - PRS REIT PLC (The) - Director/PDMR Shareholding

PRS ReitAnnouncement

16/02/2024 11:30

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RNS Number : 4672D  PRS REIT PLC (The)  16 February 2024

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, announces
that it was notified on 16 February 2024 that Stephen Smith, Non-executive
Chairman of the Company, acquired 45,000 ordinary shares in the Company
("Ordinary Shares").

As a result, Mr Smith's total interest in the Company is now 386,577 Ordinary
Shares, representing 0.07 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 of transactions of persons discharging managerial responsibility
or connected persons

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Stephen Smith
 2   Reason for Notification
 a)  Position/status                                              Director / PDMR
 b)  Initial notification/Amendment                               Initial Notification
 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 of the financial instrument, type of instrument  Ordinary Shares of £0.01 each

     Identification code

                                                                  GB00BF01NH51
 b)  Nature of the transaction                                    Purchase of shares
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  £0.772363   45,000
 d)  Aggregated information

     -       Aggregated volume                                    45,000

     -       Price                                                £34,756.34
 e)  Date of the transaction                                      16 February 2024
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

-       Aggregated volume

-       Price

 

45,000

£34,756.34

e)

Date of the transaction

16 February 2024

f)

Place of the transaction

London Stock Exchange

 

For further information, please contact:

 

 The PRS REIT plc                                    Tel: 020 3178 6378 (c/o KTZ Communications)

Steve Smith, Non-executive Chairman

 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
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
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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