PRS REIT (THE) PLC

AGM Information • Nov 28, 2022

National Storage Mechanism | Additional information

RNS Number : 8370H

PRS REIT PLC (The)

28 November 2022

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 on 28 November 2022, 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	In favour	Percentage in favour	Against	Percentage against	Withheld	Total votes cast (excluding withheld)
1 - Adoption of Accounts	391,854,418	100.00%	0	0.00%	305,843	392,160,261
2 - Directors' Remuneration Report	390,262,447	99.52%	1,896,508	0.48%	1,306	392,160,261
3 - Re-appointment of Stephen Smith	367,810,282	93.79%	24,348,673	6.21%	1,306	392,160,261
4 - Re-appointment of Steffan Francis	389,264,925	99.26%	2,893,222	0.74%	2,114	392,160,261
5 - Re-appointment of Roderick MacRae	389,267,936	99.26%	2,891,019	0.74%	1,306	392,160,261
6 - Re-appointment of Geeta Nanda	389,260,530	99.26%	2,897,617	0.74%	2,114	392,160,261
7 - Re-appointment of Jim Prower	389,243,936	99.26%	2,915,019	0.74%	1,306	392,160,261
8 - Auditor reappointment	378,005,896	99.98%	66,500	0.02%	14,087,865	392,160,261
9 - Auditor remuneration	392,120,732	99.99%	38,223	0.01%	1,306	392,160,261
10 - Payment of interim dividends	392,154,560	100.00%	0	0.00%	5,701	392,160,261
11 - General authority to allot shares	387,360,176	98.78%	4,794,384	1.22%	5,701	392,160,261
12 - Pre-emption disapplication up to 10%*	391,492,605	99.83%	666,350	0.17%	1,306	392,160,261
13 - Pre-emption disapplication up to a further 10% in connection with an acquisition or specified capital investment*	376,530,749	96.01%	15,628,206	3.99%	1,306	392,160,261
14 - Market purchase of own shares*	374,159,803	95.42%	17,941,881	4.58%	58,577	392,160,261
15 - Notice period for general meetings*	384,350,531	98.01%	7,806,350	1.99%	3,380	392,160,261

* Special Resolutions

For further information, please contact:

The PRS REIT plc Steve Smith, Non-executive Chairman	Tel: 020 3178 6378 (c/o KTZ Communications)
Sigma PRS Management Ltd Graham Barnet, Mike McGill	Tel: 0333 999 9926
Singer Capital Markets James Maxwell, Asha Chotai (Investment Banking) Alan Geeves, James Waterlow, Sam Greatrex (Sales)	Tel: 020 7496 3000
Panmure Gordon (UK) Limited Chloe Ponsonby, Alex Collins David Hawkins, Tom Scrivens (Sales)	Tel: 020 7886 2500
G10 Capital Limited (part of IQ-EQ) Paul Cowland	Tel: 0207 397 5450
KTZ Communications Katie Tzouliadis, Dan Mahoney	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 is investing 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. Approaching its 5,000th new rental home, which is expected at around the end of 2022, 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 (formerly Sigma Capital Group plc)

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 Ltd, is Investment Adviser to The PRS REIT plc.

About Sigma PRS Management Ltd

Sigma PRS Management Ltd 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).

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