Civitas Social Housing PLC First Priority Housing Association Update (5802F)
February 21 2018 - 12:43PM
UK Regulatory
TIDMCSH
RNS Number : 5802F
Civitas Social Housing PLC
21 February 2018
21 February 2018
CIVITAS SOCIAL HOUSING PLC
("Civitas" or the "Company")
First Priority Housing Association Update
Further to recent press speculation and the regulatory notice
from the Regulator of Social Housing (RSH) (formerly the Homes and
Communities Agency) in relation to First Priority Housing
Association ("First Priority"), the Company would like to confirm
it is in active dialogue with the management team at First
Priority, to assist them with their current situation.
The Company leases 45 properties to First Priority, under the
current lease arrangements. As at 31 January 2018, all rents were
received in full from First Priority by the Company. Any inability
of First Priority to meet the lease obligations, is currently not
expected to impact the Company's dividend targets. Civitas is
actively working with First Priority to ensure there is no
disruption to the underlying tenants. Until the current situation
is resolved, the Company will not be entering into any new leases
with First Priority.
Civitas has a highly diversified portfolio of 403 properties and
works in a collaborative manner with all its partners and today
operates in more than 100 local authority areas, with more than 60
care providers and more than 10 housing associations. It owns
properties that provide specialist accommodation for around 2,500
tenants across England and Wales.
For further information, please contact:
Civitas Housing Advisors Limited
Paul Bridge Tel: +44 (0)20 3058 4844
Andrew Dawber Tel: +44 (0)20 3058 4846
Cenkos Securities PLC
Sapna Shah Tel: +44 (0)20 7397 1922
Tom Scrivens Tel: +44 (0)20 7397 1915
Pagefield
Philip Dennis Tel: +44 (0)7947 868206
Paul Codd Tel: +44 (0)7846 885523
Notes:
Civitas Social Housing PLC is the first Real Estate Investment
Trust offering pure play exposure to social housing in England and
Wales. The Company is managed by Civitas Housing Advisors Limited.
The Company's ordinary shares are listed on the premium listing
segment of the Official List of the Financial Conduct Authority and
were admitted to trading on the main market for listed securities
of the London Stock Exchange in November 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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