REG - PRS REIT PLC (The) - Update re. Proposed Sale

PRS ReitAnnouncement

Mon 16:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251124:nRSX7887Ia&default-theme=true

RNS Number : 7887I  PRS REIT PLC (The)  24 November 2025

PRSR.L

The PRS REIT plc

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

 

Update re. Proposed Sale of The PRS REIT Holding Company Limited

Satisfaction of Scottish Widows (SW) Change of Control Condition

 

The PRS REIT announces that consent to change of control within the Scottish
Widows Facilities has been received and accordingly that the SW Change of
Control Condition, as detailed in the Circular, has been satisfied.

 

As a result, the Sale of PRS HoldCo is conditional only upon the approval of
Shareholders at the General Meeting to be held on 27 November 2025, with
Completion expected on or around 11 December 2025.

 

If the Sale is approved by Shareholders and proceeds to Completion, it is the
intention of the Board to seek Shareholder approval for the voluntary
liquidation of the Company with a view to distributing the Company's net
assets to Shareholders in accordance with the timetable set out in the
Circular.

 

Further details on the Sale are included in the Circular, available on the
Company's website: https://www.theprsreit.com/strategic-review/
(https://www.theprsreit.com/strategic-review/)

 

Unless defined otherwise, capitalised terms used in this announcement shall
have the meanings given to such terms in the Company's announcement on 3
November 2025.

 

 

For further information, please contact:

 

 The PRS REIT plc                                       Tel: 020 7496 3000 (c/o Singer Capital Markets)
 Geeta Nanda, Non-Executive Chairwoman

 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 group)     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. 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 FTSE 250 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDPKQBBABDDNDB



            Copyright 2019 Regulatory News Service, all rights reserved