REG - PRS REIT PLC (The) - Result of AGM

PRS ReitAnnouncement

02/12/2025 17:30

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RNS Number : 9555J  PRS REIT PLC (The)  02 December 2025

PRSR.L

The PRS REIT plc

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

 

Result of AGM

 

The PRS REIT is pleased to announce that at its Annual General Meeting, held
earlier today, 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, are
detailed below:

 

 Resolution                                                            Votes in favour*  Percentage  Votes against  Percentage  Total votes                 Votes withheld**

                                                                                         in                         against     cast (excluding withheld)

                                                                                         favour
 1 - Report and Accounts                                               286,223,768       99.35       1,859,188      0.65        288,082,956                 13,189,551
 2 - Directors' Remuneration Report                                    270,096,355       99.54       1,235,297      0.46        271,331,652                 29,940,855
 3 -  Re-appointment of Geeta Nanda                                    262,643,010       96.82       8,618,182      3.18        271,261,192                 30,011,315
 4 -  Re-appointment of Steffan Francis                                224,678,684       82.83       46,582,508     17.17       271,261,192                 30,011,315
 5 -  Re-appointment of Roderick MacRae                                270,941,447       99.88       319,745        0.12        271,261,192                 30,011,315
 6 -  Re-appointment of Robert Naylor                                  251,597,252       92.75       19,653,940     7.25        271,251,192                 30,021,315
 7 - Re-appointment of  Christopher Mills                              171,527,314       72.07       66,487,043     27.93       238,014,357                 63,258,150
 8 -  Re-appointment of RSM UK Audit LLP as Auditor of the Company     286,767,194       99.94       176,029        0.06        286,943,223                 14,329,284
 9 -  Audit Committee to determine the Auditors' remuneration          301,034,597       99.95       148,031        0.05        301,182,628                 89,879
 10 -  Payment of interim dividends                                    301,146,457       99.97       88,223         0.03        301,234,680                 37,827
 11 -  Directors' Authority to Allot Shares                            296,122,216       98.31       5,097,708      1.69        301,219,924                 52,583
 12 -  Disapplication of pre-emption rights                            299,953,081       99.59       1,244,339      0.41        301,197,420                 75,087
 13 -  Directors' additional authority to allot shares                 298,907,242       99.24       2,299,511      0.76        301,206,753                 65,754
 14 -  Authority to purchase own shares                                293,640,634       97.49       7,557,169      2.51        301,197,803                 74,704
 15 -  Notice period for general meetings and other general meetings   292,221,303       97.00       9,027,534      3.00        301,248,837                 23,670

* Includes discretionary votes.

** A vote withheld is not a vote in law and is not counted in the calculation
of the votes in favour or against a resolution.

The Board notes that while a majority of shareholders who voted at the Annual
General Meeting supported all resolutions, Resolution 7, the election of
Christopher Mills, was passed with a majority of 72.07%. Engagement with
shareholders prior to the AGM has indicated that the majority of votes against
Resolution 7 relate to concerns regarding the number of other directorships
held by Christopher Mills and therefore his ability to commit sufficient time
to the role. The Board considered that Mr Mills had sufficient time to
dedicate to his role as non-executive director of the Company at the time of
his re-appointment, and since appointment Christopher Mills has evidenced his
commitment through attendance at Board and ad-hoc meetings.

As at 29 November 2025, the issued share capital of the Company consisted of
549,251,458 ordinary shares.

 In accordance with UK Listing Rule 6.4.2, copies of all the resolutions
passed, other than ordinary business, will be submitted to the National
Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

For further information, please contact:

 

 The PRS REIT plc                                      Tel: 020 7496 3000

 Geeta Nanda, Non-Executive Chairwoman                 (c/o Singer Capital Markets)

 Sigma PRS Management Ltd                              Tel: 0333 999 9926

 Graham Barnet, Mike McGill

 Singer Capital Markets                                Tel: 020 7496 3000

 James Moat, Asha Chotai, James Todd, Patrick Weaver

 G10 Capital Limited (AIFM and 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 has invested 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. The Company is listed on the Closed-ended investment funds
category of the FCA's Official List and its Ordinary Shares are traded on
the London Stock Exchange's Main Market. It is a constituent of the FT250
Index. With 5,478 new rental homes as at 30 September 2025, 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 build-to-rent ("BTR") regeneration
specialist, with offices in Edinburgh, Manchester and London. The
Company's principal focus is on the delivery of large-scale housing schemes
for the private rented sector and Sigma is the UK's leading provider of BTR
homes for the single family sector. The Company also has extensive experience
in the delivery of multi-family apartment schemes and 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 unrivalled property delivery and management platform,
which has delivered or is in the process of delivering over 13,500 homes
across the UK to date. The Company has a significant pipeline of development
opportunities, which currently stands at over £3 billion in gross
development cost. Sigma manages the letting of completed homes through its
property platform, which includes 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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