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Stephen Smith, Non-executive Chairman of The PRS REIT plc, acquired 50,000 ordinary shares on 22 March 2023 and 20,000 ordinary shares on 23 March 2023. Jim Prower, Non-executive Director, acquired 48,000 ordinary shares on 22 March 2023. Following these transactions, Mr Smith's total interest is 305,000 shares, representing 0.06% of total voting rights, and Mr Prower's total interest is 100,000 shares, representing 0.02% of total voting rights.
| Date | 24 Mar 2023 |
| Time | 07:00:03 |
| Category | Director/PDMR dealings |
| ID | 0775U |
PRSR.L
The PRS REIT plc
("the Company" or "the PRS REIT")
Director/PDMR Shareholding
The PRS REIT, the closed-ended real estate investment trust that invests in high-quality, new build, family homes in the private rented sector ("PRS"), announces that it has been notified of the following:
· Stephen Smith, Non-executive Chairman of the Company, acquired 50,000 ordinary shares in the Company ("Ordinary Shares") on 22 March 2023 and 20,000 Ordinary Shares on 23 March 2023. As a result, Mr Smith's total interest in the Company is now 305,000 Ordinary Shares, representing 0.06 per cent of the total voting rights of the Company.
· Jim Prower, Non-executive Director of the Company, acquired 48,000 Ordinary Shares on 22 March 2023. As a result, Mr Prower's total interest in the Company is now 100,000 Ordinary Shares, representing 0.02 per cent of the total voting rights of the Company.
The notifications below, made in accordance with the requirements of UK MAR, provide further detail.
Notification of transactions of persons discharging managerial responsibility or connected persons
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Stephen Smith |
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2 |
Reason for Notification |
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a) |
Position/status |
Director / PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
The PRS REIT plc |
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b) |
LEI |
21380037Q91HU97WZX58 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 each
GB00BF01NH51 |
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b) |
Nature of the transaction |
Purchase of shares |
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c) |
Price(s) and volume(s) |
|
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d) |
Aggregated information - Aggregated volume - Price |
50,000 £37,860 |
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e) |
Date of the transaction |
22 March 2023 |
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f) |
Place of the transaction |
London Stock Exchange |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Jim Prower |
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2 |
Reason for Notification |
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a) |
Position/status |
Director / PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
The PRS REIT plc |
||||
|
b) |
LEI |
21380037Q91HU97WZX58 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 each
GB00BF01NH51 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
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c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
48,000 £36,318.24 |
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|
e) |
Date of the transaction |
22 March 2023 |
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|
f) |
Place of the transaction |
London Stock Exchange |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Stephen Smith |
||||
|
2 |
Reason for Notification |
|||||
|
a) |
Position/status |
Director / PDMR |
||||
|
b) |
Initial notification/Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
The PRS REIT plc |
||||
|
b) |
LEI |
21380037Q91HU97WZX58 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 each
GB00BF01NH51 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
20,000 £15,348 |
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e) |
Date of the transaction |
23 March 2023 |
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|
f) |
Place of the transaction |
London Stock Exchange |
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For further information, please contact:
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The PRS REIT plc
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Tel: 020 3178 6378 (c/o KTZ Communications) |
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Sigma PRS Management Limited
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Tel: 0333 999 9926 |
|
Singer Capital Markets
|
Tel: 020 7496 3000
|
|
Panmure Gordon (UK) Limited Alex Collins
|
Tel: 020 7886 2500 |
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G10 Capital Limited (part of the IQEQ Group as AIFM) Paul Cowland
|
Tel: 020 3745 2826 |
|
KTZ Communications Katie Tzouliadis, Robert Morton |
Tel: 020 3178 6378 |
NOTES TO EDITORS
About The PRS REIT plc
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. Approaching its 5,000th new rental home, 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 (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 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 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).