4 October 2024
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 432,938 Ordinary
Shares in the market at an average price of 65.37 pence on 3
October 2024. 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
4,853,416
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
LLP (Investment
Manager)
|
Tel: 020 7201 8989
|
|
Max Shenkman
|
|
|
Isobel Gunn-Brown
|
|
|
|
|
|
Akur Limited (Joint Financial
Adviser)
|
Tel: 020 7493 3631
|
|
Tom Frost
|
|
|
Anthony Richardson
|
|
|
Siobhan Sergeant
|
|
|
|
|
|
Stifel Nicolaus Europe Limited (Joint Financial Adviser
and Corporate Broker)
|
Tel: 020 7710 7600
|
|
Mark Young
|
|
|
Rajpal Padam
|
|
|
Madison Kominski
|
|
|
|
|
|
Brunswick Group (Financial PR
Adviser)
|
Tel: 020 7404 5959
|
|
Nina Coad
|
|
|
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 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.