Civitas Social Housing PLC Clarification re RSH Update on BeST (8825I)

TIDMCSH

RNS Number : 8825I

Civitas Social Housing PLC

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.

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