TIDMSOHO

RNS Number : 5518R

Triple Point Social Housing REIT

27 October 2023

27 October 2023

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT

The Company announces that, in accordance with the terms of the Investment Management Agreement with Triple Point Investment Management LLP ("Triple Point" or the "Investment Manager"), pursuant to which the Investment Manager shall procure that 25 per cent of the management fee (net of applicable tax) shall be applied by subscribing for or acquiring Ordinary Shares in the capital of the Company ("Management Shares"), the Investment Manager purchased 528,349 Ordinary Shares in the market at an average price of 53.33 pence on 26 October 2023. This purchase of Management Shares was made by Perihelion One Limited ("Perihelion"), a company in the Triple Point Group.

In March 2021, the Investment Manager introduced a Product Ownership Scheme, under which partners and employees of Triple Point are able to use some or all of their discretionary remuneration to acquire Ordinary Shares from the Investment Manager. The partners and employees of Triple Point are subject to the Triple Point Personal Account Dealing Code which governs the ability of such individuals to deal in the Ordinary Shares. Under the scheme, employees are incentivised to hold the Ordinary Shares for at least 12 months but are not subject to any formal lock-in arrangements.

Perihelion has transferred a total of 895,426 Ordinary Shares to partners and employees under the Product Ownership Scheme. The Investment Manager and its staff currently hold a total of 3,956,809 Ordinary Shares in the Company*.

(*) Figure only includes Management Shares acquired from Perihelion and not Ordinary Shares otherwise acquired by such individuals.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Triple Point Investment Management        Tel: 020 7201 8989 
  LLP 
  (Investment Manager) 
 Max Shenkman 
 Isobel Gunn-Brown 
 
 Akur Limited (Joint Financial             Tel: 020 7493 3631 
  Adviser) 
 Tom Frost 
 Anthony Richardson 
 Siobhan Sergeant 
 
 Stifel Nicolaus Europe Limited            Tel: 020 7710 7600 
  (Joint Financial Adviser and Corporate 
  Broker) 
 Mark Young 
 Rajpal Padam 
 Madison Kominski 
 
 Brunswick Group (Financial PR             Tel: 020 7404 5959 
  Adviser) 
 Nina Coad 
 Diana Vaughton 
 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 assets within the portfolio are subject to inflation-linked, long-term (typically from 20 years to 30 years), 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 an FRI 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.

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END

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October 27, 2023 04:30 ET (08:30 GMT)

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