REG - Triple Point Soc.Hsg - Independent Review of IM Arrangements - Update

Social Housing REITAnnouncement

16/08/2024 15:00

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RNS Number : 8145A  Triple Point Social Housing REIT  16 August 2024

 

16 August 2024

 

Triple Point Social Housing REIT plc

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

 

INDEPENDENT REVIEW OF INVESTMENT MANAGEMENT ARRANGEMENTS - UPDATE

 

Further to the announcement on 17 May 2024, the Board of Triple Point Social
Housing REIT plc (ticker: SOHO) announces an update on the independent review
of the investment management arrangements for the Company which is currently
underway (the "IMA Review").

 

The Board has been encouraged by the number and quality of proposals that were
received in respect of the IMA Review. Significant progress in the selection
process has been made, and it is now expected that the outcome of the IMA
Review will be notified to the market not later than the date of the Company's
interim results announcement which is expected to be released on 13 September
2024.

 

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

   Triple Point Social Housing REIT plc     Via Brunswick Group
   Chris Phillips

   Akur Limited (Joint Financial Adviser)   ssergeant@akur.co.uk (mailto:ssergeant@akur.co.uk)
   Siobhan Sergeant
   Tom Frost
   Anthony Richardson

   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
premium segment of the Official List of the Financial Conduct Authority and
migrated to trading on the premium segment of 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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