Civitas Social Housing PLC Transaction in Own Shares (3772M)
September 21 2021 - 2:00AM
UK Regulatory
TIDMCSH
RNS Number : 3772M
Civitas Social Housing PLC
21 September 2021
21 September 2021
CIVITAS SOCIAL HOUSING PLC
Share Buyback and Statement re Share Price
Civitas Social Housing PLC (the "Company"), announces that on 20
September 2021, it bought into treasury 150,000 ordinary shares of
0.01p each in the capital of the Company ("Ordinary Shares") at a
price of 96.55p per Ordinary Share.
The Board notes the recent decline in the Company's share price,
which it believes is associated with activity from an activist
short seller as well as recent press coverage, the content of which
it believes to be baseless, incorrect and/or misleading .
The Company has spent the last week engaging with major
shareholders to discuss the recent activity and remains available
to shareholders that wish to engage further.
The Board and Civitas Investment Management continue to have
great confidence in the Company's assets, revenues, business model
and strategy. Moreover, the Company continues to perform
robustly.
Total Voting Rights
Following the transaction, the Company's issued share capital is
622,461,380 Ordinary Shares. The Company holds 150,000 Ordinary
Shares in treasury, which do not carry any voting rights.
Accordingly, the total number of voting rights in the Company is
622,311,380 Ordinary Shares. This figure may be used by
shareholders as the denominator for the purposes of calculating
whether or not they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
For further information, please contact:
Civitas Investment Management Limited
Andrew Dawber Tel: +44 (0)20 3058 4846
Paul Bridge Tel: +44 (0)20 3058 4844
Panmure Gordon
Sapna Shah Tel: +44 (0)20 7886 2783
Tom Scrivens Tel: +44 (0) 20 7886 2648
Liberum Capital Tel: +44 (0) 20 3100 2000
Chris Clarke
Darren Vickers
Owen Matthews
Buchanan
Helen Tarbet / Henry Wilson Tel: +44 (0) 20 7466 5000
Hannah Ratcliff / George Beale civitas@buchanan.uk.com
Notes:
Civitas Social Housing PLC ("CSH") was created in 2016 by
Civitas Investment Management Limited as the first dedicated London
listed REIT, to raise long-term, sustainable, institutional capital
to invest in care-based social homes across the UK. So far, Civitas
has completed more than 120 individual transactions to build the
largest portfolio of its kind that has been independently valued at
GBP915.6 million (31 March 2021). CSH now provides homes for 4,391
working age adults with long-term care needs, in 648 bespoke
properties that are supported by 119 specialist care providers, 16
approved providers and working with over 178 individual local
authorities.
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END
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