REG - Triple Point Soc.Hsg - Transaction in Own Shares

Social Housing REITAnnouncement

02/05/2023 07:00

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RNS Number : 9630X  Triple Point Social Housing REIT  02 May 2023

 

2 May 2023

 

Triple Point Social Housing REIT plc

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

 

Transaction in Own Shares

 

Further to the Company's announcement on 18 April 2023 regarding the
commencement of a share buyback programme, Triple Point Social Housing REIT
announces that it has purchased for cancellation the following number of its
Ordinary Shares of £0.01 each through Stifel Nicolaus Europe Limited:

 

 Date of purchase:                     28 April 2023

 Number of Ordinary Shares purchased:  216,064

 Trading venue:                        London Stock Exchange

 Lowest price per share (p):           47.10

 Highest price per share (p):          47.60

 Average price paid per share (p):     47.37

 

Following this transaction, the Company has 401,224,815 Ordinary Shares in
issue (excluding 450,000 treasury shares).

 

This number represents the total voting rights in the Company and may be used
by shareholders as the denominator for the calculations by which they can
determine if they are required to notify their interest in, or a change to
their interest in the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

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
 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 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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