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

Triple Point Social Housing REITAnnouncement

17/05/2024 13:30

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RNS Number : 9558O  Triple Point Social Housing REIT  17 May 2024

17 May 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 9 May 2024 announcement, the Board announces that it has
appointed Akur Limited to conduct the independent review of investment
management arrangements.  As previously announced, this review will comprise
the benchmarking of market precedents and engagement with other market
participants, which will include inviting proposals from Triple Point
Investment Management LLP as well as potential alternative investment
managers.

 

The Board will update shareholders in due course on the outcome of the review
process which is expected to be completed within three months.

 

 

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

 Stifel Nicolaus Europe Limited (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
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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