REG - Triple Point Soc.Hsg - COMMITTEE CHANGES

Social Housing REITAnnouncement

24/05/2023 07:00

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RNS Number : 4147A  Triple Point Social Housing REIT  24 May 2023

24 May 2023

 

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

 

COMMITTEE CHANGES

 

The Board of Directors of Triple Point Social Housing REIT plc (ticker: SOHO)
announce the following changes to the membership and structure of the Board's
Committees, effective 23 May 2023 (unless otherwise stated):

 

·      The establishment of a Sustainability Committee in order to
reflect the Board's commitment to and focus on its ESG strategy, and which
will be responsible for the delivery of the year-end voluntary reporting
disclosures consistent with the recommendations of the Taskforce on
Climate-related Financial Disclosures (TCFD).

 

-     Ian Reeves has been appointed as Chair of the Sustainability
Committee and will step down as Chair of the Nomination Committee and as a
member of the Management Engagement Committee.

 

-     Cecily Davis and Tracey Fletcher-Ray have joined the Sustainability
Committee.

 

·      Chris Phillips has been appointed as Chair of the Nomination
Committee.

 

-     Cecily Davis will join the Nomination Committee and Peter Coward
will step down from the Nomination Committee.

 

·      As announced on 20 March 2023, Paul Oliver will resign as a
Non-Executive Director of the Board and step down from the Audit, Nomination
and Management Engagement Committees with effect from 30 June 2023.

 

Following the changes outlined above, the membership of the Board's Committees
will be as follows:

 

 Audit Committee       Nomination Committee    Management Engagement Committee  Sustainability Committee
 Peter Coward (Chair)  Chris Phillips (Chair)  Tracey Fletcher-Ray (Chair)      Ian Reeves (Chair)
 Ian Reeves (SID)      Ian Reeves (SID)        Chris Phillips                   Cecily Davis
 Tracey Fletcher-Ray   Cecily Davis            Peter Coward                     Tracey Fletcher-Ray

 

 

ENDS.

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

 Triple Point Investment Management LLP                 Tel: 020 7201 8989

 (Investment Manager)
 Max Shenkman
 Isobel Gunn-Brown

 Akur Capital (Joint Financial Adviser)                 Tel: 020 7493 3631
 Tom Frost
 Anthony Richardson
 Siobhan Sergeant

 Stifel (Joint Financial Adviser and Corporate Broker)  Tel: 020 7710 7600
 Mark Young
 Rajpal Padam
 Madison Kominski

 

The Company's LEI is 213800BERVBS2HFTBC58.

 

Further information on the Company can be found on its website at
www.triplepointreit.com (http://www.triplepointreit.com/) .

 

NOTES:

 

The Company invests in primarily newly developed social housing assets in the
UK, with a particular focus on supported housing. The majority of the assets
within the portfolio are subject to inflation-linked, long-term, Fully
Repairing and Insuring ("FRI") leases with Approved Providers (being Housing
Associations, Local Authorities or other regulated organisations in receipt of
direct payment from local government). The portfolio comprises investments
into properties which are already subject to a lease with an Approved
Provider, as well as forward funding of pre-let developments but does not
include any direct development or speculative development.

 

There is increasing political pressure and social need to increase housing
supply across the UK which is creating opportunities for private sector
investors to help deliver this housing. The Group's ability to provide forward
funding for new developments not only enables the Company to secure fit for
purpose, modern assets for its portfolio but also addresses the chronic
undersupply of suitable supported housing properties in the UK at sustainable
rents as well as delivering returns to investors.

 

The Company is a UK Real Estate Investment Trust ("REIT") listed on the
premium segment of the Official List of the UK Financial Conduct Authority and
is a constituent of the FTSE EPRA/NAREIT index.

 

 

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