PRS REIT (THE) PLC

Declaration of Voting Results & Voting Rights Announcements • Dec 4, 2023

National Storage Mechanism | Additional information

RNS Number : 6276V

PRS REIT PLC (The)

04 December 2023

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 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
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).

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