Civitas Social Housing PLC Response to Short-seller (6818M)
September 23 2021 - 2:00AM
UK Regulatory
TIDMCSH
RNS Number : 6818M
Civitas Social Housing PLC
23 September 2021
23 September 2021
CIVITAS SOCIAL HOUSING PLC
Response to Short-seller
Civitas Social Housing PLC ("Civitas" or the "Company"), the
UK's leading care-based and healthcare REIT, notes the recent
letter published by a short-seller which profits if the Company's
share price falls.
This letter was issued without any engagement on the author's
part with the Board of Civitas. It is the Board's belief that the
letter is based on factual inaccuracies, incorrect assumptions,
erroneous comments and assertions which are not grounded in
fact.
As part of its ongoing dialogue with shareholders, Civitas will
publish a full response having taken the time to review the letter
in detail. This will be published on the Company's website.
The Board of Civitas strongly reiterates that it has great
confidence in the Company's assets, revenues, business model and
strategy. The Company continues to perform robustly and in line
with expectations.
For further information, please contact:
Civitas Investment Management Limited
Paul Bridge Tel: +44 (0)20 3058 4844
Andrew Dawber Tel: +44 (0)20 3058 4846
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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