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

Triple Point Social Housing REITAnnouncement

09/05/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240509:nRSI6975Na&default-theme=true

RNS Number : 6975N  Triple Point Social Housing REIT  09 May 2024

9 May 2024

 

Triple Point Social Housing REIT plc

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

 

INDEPENDENT REVIEW OF INVESTMENT MANAGEMENT ARRANGEMENTS

 

The Board of the Company announces that, as part of its commitment to
delivering value to Shareholders, and in conjunction with Triple Point
Investment Management LLP (the "Investment Manager"), it is actively reviewing
the terms of the investment management arrangements, with the objective of
aligning these arrangements further with the interests of Shareholders.

 

As part of this process, the Board will be undertaking an independent
benchmarking review of market precedents and engaging with other market
participants to ensure that any changes made to the current terms of the
investment management arrangements reflect best practice and deliver enhanced
value for Shareholders.

 

The independent review of the investment management arrangements will commence
immediately and is expected to be completed within three months, with the
outcome being reported to the market in due course.

 

The Board and the Investment Manager remain committed to exploring all avenues
in order to deliver further value to Shareholders and the Company's
stakeholders as a whole.

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

  Triple Point Social Housing REIT plc                                        Via Brunswick Group
  Chris Phillips

  Akur Limited (Joint Financial Adviser)                                      Tel: 020 7493 3631
  Tom Frost
  Anthony Richardson
  Siobhan Sergeant

  Stifel Nicolaus Europe Limited (Joint Financial Adviser   and Corporate     Tel: 020 7710 7600
 Broker)
  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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFZGGKRRDGDZM