SOHO.L

Triple Point Social Housing Reit
Triple Point Soc.Hsg - Independent Review of IM Arrangements
9th May 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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 Broker)

Tel: 020 7710 7600

 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.

 

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 or visit 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.
 
END
 
 
MSCFZGGKRRDGDZM]]>
TwitterFacebookLinkedIn