9 May 2024
Triple Point Social Housing
REIT plc
(the
"Company" or, together with
its subsidiaries, the "Group")
INDEPENDENT REVIEW OF
INVESTMENT MANAGEMENT ARRANGEMENTS
The Board of the Company announces
that, as part of its commitment to delivering value to
Shareholders, and in conjunction with Triple Point Investment
Management LLP (the "Investment
Manager"), it is actively reviewing the terms of the
investment management arrangements, with the objective of aligning
these arrangements further with the interests of
Shareholders.
As part of this process, the Board
will be undertaking an independent benchmarking review of market
precedents and engaging with other market participants to ensure
that any changes made to the current terms of the investment
management arrangements reflect best practice and deliver enhanced
value for Shareholders.
The independent review of the
investment management arrangements will commence immediately and is
expected to be completed within three months, with the outcome
being reported to the market in due course.
The Board and the Investment Manager
remain committed to exploring all avenues in order to deliver
further value to Shareholders and the Company's stakeholders as a
whole.
FOR FURTHER INFORMATION ON
THE COMPANY, PLEASE CONTACT:
|
Triple Point Social
Housing REIT plc
|
Via Brunswick
Group
|
|
Chris
Phillips
|
|
|
|
|
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
|
|
|
Robin
Wrench
|
|
|
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.