REG - Triple Point Soc.Hsg - Directorate Change

Social Housing REITAnnouncement

24/12/2024 07:00

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RNS Number : 1866R  Triple Point Social Housing REIT  24 December 2024

24 December 2024

Triple Point Social Housing REIT plc

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

DIRECTORATE CHANGE

 

The Board of Directors of Triple Point Social Housing REIT plc is pleased to
announce the appointment of Bryan Sherriff to the Board as an Independent
Non-Executive Director with effect from 1 January 2025. Bryan Sherriff will
also be appointed as a member of the Audit Committee, Nomination Committee and
Sustainability & Impact Committee.

 

Bryan has over 30 years' property investment, development and management
experience throughout the UK across commercial and residential sectors. Bryan
is currently Managing Director of ColdSpring, which provides consultancy
services to institutional investors and private client family offices. He is
also a Governor of George Heriot's Trust, a Non-Executive Director of
Hillcrest Enterprise and a Non-Executive Director of Places for People
Scotland. Prior to his current roles, Bryan has held a number of development,
investment and asset management positions, including as Development Director
and latterly Head of Asset Management at Halladale plc. In 2015, Bryan
established Drum Income Plus REIT plc and was its Fund Manager up to November
2021. Bryan is a Chartered Surveyor and is a fellow of the Royal Institution
of Chartered Surveyors (FRICS).

 

There are no other details that are required to be disclosed in respect of
Rule 6.4.8 of the Financial Conduct Authority's Listing Rules.

 

Chris Phillips, Ian Reeves and Peter Coward are each approaching the end of
their nine-year tenure in 2026, and therefore the Board has developed a
Succession Plan to ensure a gradual refresh of the Board. Bryan Sherriff's
appointment is part of this process and he will replace Ian Reeves who will
step down at the 2025 AGM following an orderly handover.

 

Chris Phillips, Chair of the Company, commented:

 

"We are very pleased to welcome Bryan Sherriff as an Independent Non-Executive
Director to the Board. He has valuable experience in property development,
investment and asset management, and we look forward to working with him."

 

As announced yesterday, following the signing of the new alternative
investment fund management agreement, an application has been made to change
the Company's name to "Social Housing REIT plc". A further announcement will
be made pursuant to UKLR 6.4.14(R)(1) in due course.

 

ENDS

 

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

 Triple Point Social Housing REIT plc                   Via Brunswick Group
 Chris Phillips

 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

 Brunswick Group (Financial PR Adviser)                 Tel: 020 7404 5959
 Nina Coad
 Robin Wrench
 Mara James

 

 

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.

 

The Company was admitted to trading on the Specialist Fund Segment of the Main
Market of the London Stock Exchange on 8 August 2017 and was admitted to the
Official List of the Financial Conduct Authority and migrated to trading on
the Main Market on 27 March 2018. The Company operates as a UK Real Estate
Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.

 

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