REG - PRS REIT PLC (The) - Update re Strategic Review and Formal Sale Process

PRS ReitAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250721:nRSU8260Ra&default-theme=true

RNS Number : 8260R  PRS REIT PLC (The)  21 July 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE
OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

 

PRSR.L

The PRS REIT plc

 ("PRS REIT" or the "Company")

 

 
Update Regarding Strategic Review and Formal Sale Process

 

Further to the Company's announcement on 30 June 2025, the Board of The PRS
REIT plc provides the below update on the Company's strategic review
("Strategic Review") and formal sale process ("Formal Sale Process").

 

The Company has now completed its consultation process with shareholders
regarding the options available under the Strategic Review and Formal Sale
Process.

 

Based on the feedback received from shareholders, the Company will continue to
progress with its Formal Sale Process and engage with potentially interested
parties including discussions with Long Harbour, on its non-binding proposal
for the acquisition of the Company ("Long Harbour Proposal"), which remains
subject to completion of due diligence and financing. Whilst the Formal Sale
Process is ongoing, there can be no certainty that an offer will be made, nor
as to the terms of any offer if made.

 

The Company will also continue to evaluate other options available to it
pursuant to the wider Strategic Review.

 

Further updates will be made in due course. This statement is being made by
PRS REIT without the consent of Long Harbour.

 

For further information, please contact:

 

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

 Singer Capital Markets                               Tel: 020 7496 3000

James Moat, James Maxwell, Asha Chotai

 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.co.uk (https://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 5,443 new rental homes as at 31 March 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  UPDPPUMWMUPAGBU