PRS REIT (THE) PLC

Declaration of Voting Results & Voting Rights Announcements • Dec 10, 2020

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RNS Number : 2940I

PRS REIT PLC (The)

10 December 2020

10 December 2020

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 the Annual General Meeting held on 10 December 2020, resolutions 1 to 10 were passed as ordinary resolutions and resolutions 11 to 13 were passed as special resolutions.

The text of all the resolutions is contained in the Company's Notice of Annual General Meeting published on 9 November 2020.

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 - Adoption of Accounts	356,771,915	96.66	12,340,243	3.34	3,583	369,112,158
2 - Directors' Remuneration Report	367,746,944	99.63	1,364,797	0.37	4,000	369,111,741
3 - Directors' Remuneration Policy	364,323,224	98.7	4,788,517	1.3	4,000	369,111,741
4 - Appointment of Steve Smith	356,307,524	96.53	12,808,217	3.47	0	369,115,741
5 - Appointment of Steffan Francis	368,548,880	99.85	566,861	0.15	0	369,115,741
6 - Appointment of Rod Macrae	368,524,880	99.84	590,861	0.16	0	369,115,741
7 - Appointment of Jim Prower	355,098,929	96.2	14,016,812	3.8	0	369,115,741
8 - Auditor reappointment	369,109,955	99.99	2,203	0.01	3,583	369,112,158
9 - Auditor remuneration	369,108,158	100	0	0	7,583	369,108,158
10 - Authority to allot 33% ISC	369,109,955	99.99	5,786	0.01	0	369,115,741
11 - Pre-emption disapplication - 10%*	367,759,658	99.63	1,353,583	0.37	2,500	369,113,241
12 - Pre-emption disapplication - 10%*	300,846,822	81.51	68,226,619	18.49	42,300	369,073,441
13 - Market purchase of own Shares*	369,068,060	99.99	47,681	0.01	0	369,115,741

* Special Resolution

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 Limited Graham Barnet, Mike McGill	Tel: 0333 999 9926
N+1 Singer  James Maxwell, James Moat	Tel: 020 7496 3000
G10 Capital Limited (part of the IQEQ Group as AIFM) Paul Turner	Tel: 020 3745 2826
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 and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing £0.9bn in a portfolio of high quality homes for private rental across the regions, having 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 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 unrivalled PRS 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 also 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 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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