PRS REIT (THE) PLC

AGM Information • Nov 25, 2019

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RNS Number : 5745U

PRS REIT PLC (The)

25 November 2019

25 November 2019

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 established to invest in new-build homes in the Private Rented Sector, is pleased to announce that at the Annual General Meeting held on 25 November 2019, resolutions 1 to 7 were passed as ordinary resolutions and resolutions 8 to 10 were passed as special resolutions.

The text of all the resolutions is contained in the Company's Notice of Annual General Meeting published on 23 October 2019.

The results of the polls taken on the resolutions, on which Link Asset Services, 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	386,129,706	100.00%	0	0.00%	0	386,129,706
2	386,124,106	100.00%	5,600	0.00%	0	386,129,706
3	386,124,106	100.00%	5,600	0.00%	0	386,129,706
4	376,240,944	97.44%	9,888,762	2.56%	0	386,129,706
5	386,127,503	100.00%	2,203	0.00%	0	386,129,706
6	386,129,706	100.00%	0	0.00%	0	386,129,706
7	386,101,003	100.00%	2,203	0.00%	26,500	386,103,206
8*	384,667,842	99.63%	1,435,364	0.37%	26,500	386,103,206
9*	328,175,005	85.00%	57,928,201	15.00%	26,500	386,103,206
10*	386,116,360	100.00%	10,846	0.00%	2,500	386,127,206

* Special Resolution

For further information, please contact:

The PRS REIT plc Steve Smith, Non-executive Chairman	Tel: +44 (0)20 3178 6378 (c/o KTZ Communications)
Sigma PRS Management Ltd Graham Barnet, Malcolm Briselden	Tel: +44 (0)333 999 9926
N+1 Singer  James Maxwell, James Moat, Ben Farrow	Tel: +44 (0)20 7496 3000
G10 Capital Limited (part of the IQEQ Group as AIFM) Gerhard Grueter	Tel: +44 (0)20 3696 1302
KTZ Communications Katie Tzouliadis, Dan Mahoney	Tel: +44 (0)20 3178 6378

NOTES TO EDITORS

About The PRS REIT plc

(www.theprsreit.com)

The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth.  It has raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government's Homes England with direct investments.

LEI: 21380037Q91HU97WZX58

About Sigma Capital Group plc

(www.sigmacapital.co.uk)

Sigma Capital Group plc ("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. Its subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc. In April 2019, Sigma launched the Sigma Scottish PRS Fund, the first dedicated vehicle to focus on the creation of new rental homes for families in the private rented sector in Scotland, and in October Sigma announced the expansion of its build-to-rent activities in London.  

About Sigma PRS Management Ltd

Sigma PRS Management Limited is a wholly-owned subsidiary of AIM-quoted Sigma Capital Group plc 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 Investment Manager 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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