REG - Triple Point Soc.Hsg - Directorate Change

Social Housing REITAnnouncement

20/03/2023 12:00

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RNS Number : 5412T  Triple Point Social Housing REIT  20 March 2023

20 March 2023

Triple Point Social Housing REIT plc

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

DIRECTORATE CHANGES

The Board of Directors of Triple Point Social Housing REIT plc is pleased to
announce the appointment of Cecily Davis to the Board as an Independent
Non-Executive Director with effect from 23 May 2023, immediately following the
Annual General Meeting.

 

Cecily has extensive legal, construction and infrastructure sector experience
gained from 30 years as a construction and projects lawyer. She is an
Engineering, Procurement and Construction Partner at Fieldfisher and Co-Head
of Fieldfisher's Africa Group. She was formerly a Partner at DLA Piper until
2014 and Shadbolt & Co until 2005. Cecily has an extensive understanding
of the residential and affordable housing sectors, having acted as
Non-Executive Director of both L&Q Group and Places for People. Cecily is
a Director of 3 M Homes Ltd and is a Trustee of the Southwark Charities, which
provides almshouses to local residents.

 

There are no other details that are required to be disclosed in respect of
Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.

 

The Board also announces that Paul Oliver, an Independent Non-Executive
Director of the Company, has notified the Company of his intention to retire
from the Board with effect from 30 June 2023. Paul has been an Independent
Non-Executive Director and a member of the Audit, Management Engagement, and
Nomination Committees since July 2017.

 

Further details on consequential changes to the composition of the Board
Committees will be notified in due course.

 

Chris Phillips, Chair of the Company, commented:

 

"On behalf of the Board, I would like to take the opportunity, in advance of
his retirement in June, to thank Paul Oliver for his valuable insights and
contribution to the development of the Company since its IPO. He retires from
the Company with our very best wishes for the future.

 

"We are, however, very pleased to welcome Cecily Davis as an Independent
Non-Executive Director to the Board. Her considerable experience, in
particular in the residential and affordable housing sectors, will be
invaluable to the Board and we look forward to working with her."

 

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
    Mark Bloomfield
    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 focuses on investing in newly developed social housing assets in
the UK, with a particular focus on specialised 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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