15 December 2021
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 15 December 2021, resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 to 14 were passed as special resolutions.
The text of all the resolutions is contained in the Company's Notice of Annual General Meeting published on 12 November 2021. The results of the polls taken on the resolutions, on 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 | 390,040,725 | 96.51% | 14,086,559 | 3.49% | 6,200 | 404,133,484 |
| 2 - Directors' Remuneration Report | 403,974,951 | 99.96% | 152,333 | 0.04% | 6,200 | 404,133,484 |
| 3 - Directors' Remuneration Policy | 403,938,951 | 99.95% | 188,333 | 0.05% | 6,200 | 404,133,484 |
| 4 - Appointment of Geeta Nanda | 403,958,249 | 99.97% | 137,880 | 0.03% | 37,355 | 404,133,484 |
| 5 - Appointment of Stephen Smith | 401,430,766 | 99.34% | 2,665,363 | 0.66% | 37,355 | 404,133,484 |
| 6 - Appointment of Steffan Francis | 401,931,855 | 99.46% | 2,164,274 | 0.54% | 37,355 | 404,133,484 |
| 7 - Appointment of Rod MacRae | 401,963,010 | 99.46% | 2,164,274 | 0.54% | 6,200 | 404,133,484 |
| 8 - Appointment of Jim Prower | 401,963,010 | 99.46% | 2,164,274 | 0.54% | 6,200 | 404,133,484 |
| 9 - Auditor reappointment | 403,956,046 | 99.99% | 33,358 | 0.01% | 144,080 | 404,133,484 |
| 10 - Auditor remuneration | 403,989,404 | 100.00% | - | 0.00% | 144,080 | 404,133,484 |
| 11 - General authority to allot shares | 402,892,164 | 99.69% | 1,235,120 | 0.31% | 6,200 | 404,133,484 |
| 12 - Pre-emption disapplication - 10%* | 403,593,698 | 99.87% | 533,586 | 0.13% | 6,200 | 404,133,484 |
| 13 - Pre-emption disapplication - 10%* | 388,484,338 | 96.13% | 15,642,946 | 3.87% | 6,200 | 404,133,484 |
| 14 - Market purchase of own Shares* | 403,667,679 | 99.89% | 459,605 | 0.11% | 6,200 | 404,133,484 |
* Special Resolution
For further information, please contact:
| The PRS REIT plc
| Tel: +44 (0)20 3178 6378 |
| Sigma PRS Management Ltd
| Tel: +44 (0)333 999 9926 |
| Singer Capital Markets
| Tel: +44 (0)20 7496 3000 |
| Panmure Gordon (UK) Limited
| Tel: +44 (0)20 7886 2500 |
| G10 Capital Limited (part of the IQEQ Group as AIFM)
| Tel: +44 (0)20 7397 5450 |
| KTZ Communications
| |
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. On 16 July 2021, the Company announced the completion of the 4,000th new rental home for its portfolio, which the Company believes 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 unrivalled property 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 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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