REG - PRS REIT PLC (The) - Result of General Meeting

PRS ReitAnnouncement

05/01/2026 15:00

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RNS Number : 6969N  PRS REIT PLC (The)  05 January 2026

PRSR.L

The PRS REIT plc

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

 

Result of General Meeting

Commencement of Members' Voluntary Liquidation

Board Changes

 

The Board of the PRS REIT announces the result of the Company's General
Meeting held earlier today.

 

The resolution was voted by way of a poll and the Board is pleased to announce
that the resolution required to place the Company into members' voluntary
liquidation ("Liquidation") was approved by the requisite majorities of
Shareholders. As a result, Gareth Rutt Morris and Jonathan Dunn, both licensed
insolvency practitioners of FRP Advisory Trading Limited, Kings Orchard, 1
Queen Street, Bristol BS2 0HQ, (the "Joint Liquidators") have been appointed
with immediate effect.

 

The Joint Liquidators are targeting distributing substantially all of the
Company's net assets to the Shareholders as soon as reasonably practicable, as
detailed in the Company's circular to Shareholders proposing the Liquidation
dated 4 December 2025 (the "Circular").

 

Trading in the Company's Shares was suspended this morning and the Joint
Liquidators will seek to cancel the listing of the Ordinary Shares on the
Official List and Main Market of the London Stock Exchange. It is expected
that the cancellation of listing and trading in the Ordinary Shares will take
effect from 8 a.m. on 6 January 2026.

 

Following shareholder approval at the General Meeting, Geeta Nanda, Steffan
Francis, Roderick MacRae, Robert Naylor and Christopher Mills have resigned as
Directors of the Company with immediate effect.

 

The full text of the resolution is contained in the Company's Notice of
General Meeting contained in the Circular. The resolution was proposed as a
special resolution. The results of the poll taken on the resolution are
detailed below:

 

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

                                                                   in                         against     cast (excluding withheld)

                                                                   favour*
 1 - Approval of Members' Voluntary Liquidation  155,739,097       99.91       146,528        0.09        155,885,625                 24,056

* 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.

As at 31 December 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) .

Unless defined otherwise, capitalised terms used in this announcement shall
have the meanings given to such terms in the Circular.

 

For further information, please contact:

FRP Advisory Trading Limited (Liquidators)

Bristol@frpadvisory.com
                0117 203 3700

 

LEI: 21380037Q91HU97WZX58

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