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Triple Point Social Housing REIT plc's Board announced on 13 September 2024 that it continues to make significant progress on the Independent Review of Investment Management Arrangements (IMA Review). Further to its announcement on 16 August 2024, the Board stated that additional time is required before it can update the market on a conclusion.
| Date | 13 Sept 2024 |
| Time | 07:00:06 |
| Category | Corporate updates |
| ID | 0386E |
13 September 2024
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the "Group")
INDEPENDENT REVIEW OF INVESTMENT MANAGEMENT ARRANGEMENTS - FURTHER UPDATE
Further to the announcement on 16 August 2024, the Board of Triple Point Social Housing REIT plc (ticker: SOHO) announces that it continues to make significant progress in respect of the IMA Review but further time is required before it will be able to update the market on a conclusion.
The Board is mindful of the need to reach a swift conclusion in the interests of all stakeholders but this is balanced with their desire to secure an appropriate, cost-effective agreement for the benefit of the Company and its Shareholders.
A further announcement will be made shortly.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
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Triple Point Social Housing REIT plc |
Via Brunswick Group |
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Chris Phillips |
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Akur Limited (Financial Adviser) |
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Siobhan Sergeant |
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Tom Frost |
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Anthony Richardson |
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Brunswick Group (Financial PR Adviser) |
Tel: 020 7404 5959 |
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Nina Coad |
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Robin Wrench |
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Mara James |
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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.