Civitas Social Housing PLC Clarification re RSH Update on BeST (8825I)
August 13 2019 - 7:00AM
UK Regulatory
TIDMCSH
RNS Number : 8825I
Civitas Social Housing PLC
13 August 2019
13 August 2019
CIVITAS SOCIAL HOUSING PLC
("Civitas" or the "Company")
Clarification re RSH Update on BeST
Properties owned by other landlords
Civitas, a leading social housing REIT, notes the update notice
issued yesterday afternoon on BeST housing association by the
Regulator of Social Housing ("RSH") in respect of a breach of the
Homes standard relating to health and safety.
For clarity, this notice does not relate to any financial
matters, nor does it relate to any properties owned by Civitas. In
addition, we are advised by BeST that the statutory checks to which
the notice relates have now been undertaken or instructed.
This notice has no effect on the Civitas properties leased to
BeST, which continues to meet its financial and other obligations
to Civitas and to provide safe, high quality homes for tenants
whilst producing rental income as expected.
Civitas continues to enhance its property monitoring activities,
including the appointment of a dedicated Head of Asset Management
and the establishment of an ongoing rolling programme of on-site
property inspections.
Civitas is satisfied with the financial and operational
performance and management of its property portfolio.
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
Buchanan
Helen Tarbet / Henry Harrison-Topham Tel: +44 (0) 20 7466 5000
Henry Wilson / Hannah Ratcliff civitas@buchanan.uk.com
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 advised by Civitas Housing Advisors Limited,
who are authorised and regulated by the Financial Conduct Authority
under Firms Reference Number 815699. The Company is listed on the
premium listing segment of the Official List of the Financial
Conduct Authority and was 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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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