Triple Point Social Housing REIT Annual General Meeting Update (1173K)
20 Aprile 2020 - 8:00AM
UK Regulatory
TIDMSOHO
RNS Number : 1173K
Triple Point Social Housing REIT
20 April 2020
20 April 2020
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the
"Group")
ANNUAL GENERAL MEETING UPDATE
Further to the Company's announcement on 20 March 2020 giving
notice of its Annual General Meeting ("Notice") the Board has
continued to monitor the impact of the Coronavirus (COVID-19), and
as a result of the compulsory measures introduced by the UK
government on the 23 March 2020 (the "Measures"), announces the
following changes to its Annual General Meeting ("AGM")
arrangements. Other than as set out below, all other details as set
out in the Notice remain the same.
Location and Time
The location of the AGM as set out in the Notice is closed due
to the Coronavirus. Therefore, in accordance with the Company's
Articles of Association, prior to the start of the meeting, there
will be an adjournment until 11.30am on 14 May 2020 and the AGM
will be convened at 1 King William Street, London, EC4N 7AF.
Attendance
In accordance with Measures, which set out a very limited number
of reasons that individuals may leave their homes, shareholders
will not be permitted to attend the AGM. The Company is not
authorised under its Articles of Association to hold virtual or
hybrid shareholder meetings. The AGM will therefore be convened in
accordance with the Company's Articles of Association and in line
with the Measures. Shareholders are encouraged to vote via proxy
(as detailed below) and they may also submit questions to the Board
by emailing the Company Secretary at cosec@hanwayadvisory.com in
advance of the AGM.
Voting
The Board strongly encourages shareholders to vote by proxy, and
where possible, vote by proxy online, electing the Chairman of the
meeting as their proxy as no other proxy will be permitted to
attend the meeting due to the Measures. Where shareholders have
elected someone other than the Chairman of the meeting as proxy,
they are encouraged to submit a new proxy form to elect the
Chairman of the meeting as their proxy otherwise their vote will
not be counted.
The Board recommends voting in favour of all resolutions
contained in the Notice of AGM as, in the Board's opinion, they are
in the best interests of the Company and its shareholders as a
whole.
All valid proxy votes will be included in the poll to be taken
at the AGM. The results of the AGM will be announced as soon as
practicable following the meeting.
The health and safety of the Company's directors and
shareholders are of paramount importance. The Board would like to
thank shareholders for their understanding under the current
circumstances and will continue to monitor the situation
closely.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management Tel: 020 7201 8989
LLP
(Delegated Investment Manager)
James Cranmer
Ben Beaton
Max Shenkman
Hanway Advisory Limited (Company Tel: 020 7201 8989
Secretary)
Luke Cheshire
Akur Capital (Financial Adviser) Tel: 020 7493 3631
Tom Frost
Anthony Richardson
Siobhan Sergeant
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.
There is increasing political pressure and social need to
increase housing supply across the UK which is creating
opportunities for private sector investors to help deliver this
housing. The Group's ability to provide forward funding for new
developments not only enables the Company to secure fit for
purpose, modern assets for its portfolio but also addresses the
chronic undersupply of suitable supported housing properties in the
UK at sustainable rents as well as delivering returns to
investors.
Triple Point Investment Management LLP (part of the Triple Point
Group) is responsible for management of the Group's portfolio (with
such functions having been delegated to it by Langham Hall Fund
Management LLP, the Company's alternative investment fund manager
.
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
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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.
END
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