Last checked at 
4 Dec 2023 17:29
PRSR.L
The PRS REIT plc
(the "Company" or the "PRS REIT")
Result of AGM
The PRS REIT, the closed-ended real estate investment trust that invests in new-build homes in the Private Rented Sector, is pleased to announce that at its Annual General Meeting, held earlier today, resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 to 15 were passed as special resolutions.
The full text of the resolutions is contained in the Company's Notice of Annual General Meeting. The results of the poll taken on the resolutions, for which Link Group, the Company's registrar, acted as scrutineer, are as follows:
Resolution | Votes in favour* | Percentage in favour | Votes against | Percentage against | Total votes cast (excluding withheld) | Votes withheld** |
1 - Adoption of Accounts | 386,930,852 | 100% | 0 | 0% | 386,930,852 | 301,069 |
2 - Directors' Remuneration Report | 386,276,083 | 99.76% | 913,133 | 0.24% | 387,189,216 | 42,705 |
3 - Re-appointment of Stephen Smith | 386,758,347 | 99.89% | 414,992 | 0.11% | 387,173,339 | 58,582 |
4 - Re-appointment of Steffan Francis | 386,782,347 | 99.90% | 390,992 | 0.10% | 387,173,339 | 58,582 |
5 - Re-appointment of Roderick MacRae | 386,777,347 | 99.90% | 390,992 | 0.10% | 387,168,339 | 58,582 |
6 - Re-appointment of Geeta Nanda | 383,672,675 | 99.88% | 472,010 | 0.12% | 384,144,685 | 3,087,236 |
7 - Appointment of Karima Fahmy | 386,780,596 | 99.90% | 392,743 | 0.10% | 387,173,339 | 58,582 |
8 - Auditor reappointment | 386,823,965 | 99.97% | 104,037 | 0.03% | 386,928,002 | 303,919 |
9 - Auditor remuneration | 387,061,158 | 100% | 10,000 | 0% | 387,071,158 | 160,763 |
10 - Payment of interim dividends | 387,227,930 | 100% | 0 | 0% | 387,227,930 | 3,991 |
11 - General authority to allot shares | 375,892,457 | 97.07% | 11,327,542 | 2.93% | 387,219,999 | 11,922 |
12 - Pre-emption disapplication up to 10% | 386,040,550 | 99.71% | 1,112,805 | 0.29% | 387,153,355 | 78,566 |
13 - Pre-emption disapplication up to a further 10% in connection with an acquisition or specified capital investment | 385,696,265 | 99.61% | 1,511,138 | 0.39% | 387,207,403 | 24,518 |
14 - Market purchase of own shares | 369,578,150 | 96.73% | 12,493,489 | 3.27% | 382,071,639 | 5,160,282 |
15 - Notice period for general meetings | 378,268,729 | 97.69% | 8,954,500 | 2.31% | 387,223,229 | 8,692 |
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted in the calculation of the votes in favour or against a resolution.
As at 30 November 2023, the issued share capital of the Company consisted of 549,251,458 ordinary shares.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
The PRS REIT plcSteve Smith, Non-executive Chairman
| Tel: 020 3178 6378(c/o KTZ Communications)
|
Sigma PRS Management LtdGraham Barnet, Mike McGill
|
Tel: 0333 999 9926 |
Singer Capital MarketsJames Maxwell, Asha Chotai (Investment Banking) Alan Geeves, James Waterlow, Sam Greatrex (Sales)
| Tel: 020 7496 3000
|
Jefferies International Limited Gaudi Le Roux, Tom Yeadon Harry Randall, Ollie Nott
| Tel: 020 7029 8000 |
G10 Capital Limited (part of IQ-EQ) Paul Cowland
| Tel: 0207 397 5450 |
KTZ Communications Katie Tzouliadis, Robert Morton | Tel: 020 3178 6378 |
NOTES TO EDITORS
About The PRS REIT plc www.theprsreit.com
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company has investment of over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has supported the Company with direct investments. On 2 March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange's premium segment of the Main Market. Now comprising over 5,100 build-to-rent homes, the Company believes its portfolio is the largest build-to-rent single-family rental portfolio in the UK.
LEI: 21380037Q91HU97WZX58
About Sigma Capital Group Limited www.sigmacapital.co.uk
Sigma Capital Group Limited ("Sigma") is a PRS, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large-scale housing schemes for the private rented sector. The Company has a well-established track record in assisting with property related regeneration projects in the public sector, acting as a bridge between the public and private sectors.
Sigma has created an excellent property procurement and management platform, which sources sites and brings together construction resource to develop them, enabling Sigma to deliver an integrated solution to partners. As well as sourcing sites and managing all stages of the planning and development process, Sigma manages the rental of completed homes through its award-winning rental brand 'Simple Life'. The Company's subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc.
About Sigma PRS Management Limited
Sigma PRS Management Limited is a wholly-owned subsidiary of Sigma Capital Group Limited and is Investment Adviser to The PRS REIT plc. It sources investments and operationally manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in accordance with The PRS REIT plc's Investment Policy. The AIFM is G10 Capital Limited. Sigma PRS Management Ltd is an appointed representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN:648953).