Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSGM.L Regulatory News (SGM)

  • There is currently no data for SGM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Update

30 Mar 2017 07:00

RNS Number : 9485A
Sigma Capital Group PLC
30 March 2017
 

30 March 2017

AIM: SGM

 

 

 

Sigma Capital Group plc

("Sigma" or the "Company")

 

The private rented sector ("PRS") and urban regeneration specialist

 

Re plans to launch an independent long-term holding vehicle

 

The Board of Sigma is pleased to announce that it is progressing plans for the possible launch and flotation of an independent real estate investment trust (the "REIT"), in line with its stated intention in its half yearly report to explore a long-term holding vehicle into which the Company can sell its developed PRS assets, recycle its capital and significantly scale its self-funded PRS delivery. The Homes and Communities Agency (the "HCA") has agreed in principle to support the REIT through direct investment in the possible flotation.

 

The proposed REIT would be managed by Sigma and invest predominantly in Private Rented Sector housing in the main English conurbations, and largest employment centres, outside of London. It is also intended that the REIT develops assets utilising Sigma's PRS platform.

 

Sigma's PRS platform is recognised as being at the forefront of the PRS property sector with approximately 1,100 units currently built, let and under management.

 

N+1 Singer Advisory LLP has been appointed to assist with the process, with a view to launching the REIT during the second quarter of 2017.

 

The Company's full year results will be announced towards the end of April.

 

Enquiries:

 

Sigma Capital Group plc

Graham Barnet, Chief Executive

T: 020 3178 6378 (today)

Malcolm Briselden, Finance Director

T: 0333 999 9926

KTZ Communications

Katie Tzouliadis, Emma Pearson

T: 020 3178 6378

N+1 Singer

(NOMAD and Broker)

James Maxwell, Michael Taylor, Liz Yong

T: 020 7496 3000

 

 

About Sigma Capital Group plc

www.sigmacapital.co.uk

 

Sigma is a private rented sector, 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. It 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.

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDKLFLDXFXBBK
Date   Source Headline
29th Sep 20177:00 amRNSInterim Results
7th Aug 201711:28 amRNSHolding(s) in Company
17th Jul 20175:56 pmRNSHolding(s) in Company
14th Jul 20175:33 pmRNSHolding(s) in Company
10th Jul 20177:00 amRNSMaiden Update
10th Jul 20177:00 amRNSRe: The PRS REIT plc Maiden Update
23rd Jun 201712:16 pmRNSResult of AGM
14th Jun 20172:24 pmRNSDirector/PDMR Shareholding
13th Jun 20172:25 pmRNSHolding(s) in Company
12th Jun 201711:56 amRNSHolding(s) in Company
31st May 20177:00 amRNSFirst Dealings
25th May 20172:10 pmRNSGrant of Options
25th May 20177:00 amRNSRe: Launch of The PRS REIT plc
25th May 20177:00 amRNSResults of Proposed £250m Fundraising
4th May 20172:31 pmRNSRe: The PRS REIT plc
4th May 20172:30 pmRNSPublication of Prospectus
4th May 20177:00 amRNSFinal Results
26th Apr 20173:00 pmRNSHolding(s) in Company
4th Apr 20174:11 pmRNSHolding(s) in Company
4th Apr 20174:10 pmRNSHolding(s) in Company
30th Mar 20177:00 amRNSUpdate
6th Feb 20177:00 amRNS3 sites acquired for Self-funded PRS portfolio
11th Jan 20177:00 amRNSTrading Update
5th Dec 20164:28 pmRNSHolding(s) in Company
5th Dec 20164:26 pmRNSHolding(s) in Company
28th Nov 20162:52 pmRNSExercise of options by a former Director
24th Nov 20167:00 amRNS1,000th PRS Home & 1st Self-funded Site Completed
24th Oct 20167:00 amRNSCommencement of Regeneration Scheme in Liverpool
13th Oct 20163:47 pmRNSHolding(s) in Company
30th Sep 20167:00 amRNSMajor agreement with Homes & Communities Agency
30th Sep 20167:00 amRNSHalf-year Report
17th Jun 201612:09 pmRNSResult of AGM
13th Jun 201612:39 pmRNSHolding(s) in Company
3rd Jun 20167:00 amRNSMajor new strategic partnership with Keepmoat
9th May 201610:40 amRNSHolding(s) in Company
29th Apr 201612:38 pmRNSDirector/PDMR Shareholding
19th Apr 20164:03 pmRNSDirector's Dealings
19th Apr 20167:00 amRNSFinal Results
8th Apr 20167:00 amRNSBoard Change
16th Mar 20164:40 pmRNSDirector/PDMR Shareholding
18th Jan 20167:00 amRNSChange of Registered Office
5th Jan 201611:30 amRNSGrant of Options
5th Jan 20167:00 amRNSTrading Update
18th Dec 20157:00 amRNSNorris Green Village Regeneration Scheme
9th Dec 20157:00 amRNSRe Gatehouse PRS venture - phase two launch
4th Dec 20157:00 amRNSLaunch of self-funded PRS portfolio
27th Nov 20155:03 pmRNSHolding(s) in Company
16th Sep 20155:51 pmRNSExercise of Options & Transfer of Shares
8th Sep 20154:12 pmRNSHolding(s) in Company
4th Sep 201510:30 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.