Home REIT PLC RESPONSE TO INACCURATE SHORT SELLING REPORT (3790H)
November 23 2022 - 6:46AM
UK Regulatory
TIDMHOME
RNS Number : 3790H
Home REIT PLC
23 November 2022
23 November 2022
Home REIT plc
("Home REIT" or the "Company")
RESPONSE TO INACCURATE SHORT SELLING REPORT
Home REIT plc (ticker: HOME), which funds the acquisition and
creation of high-quality properties across the UK that are
dedicated to providing accommodation to homeless people, notes the
recent report published by a Delaware-based firm specialising in
short selling, meaning it profits from any falls in the Company's
share price.
The report was published without any engagement with the
Company's Board, Investment Advisor, or wider advisory team. It is
the Board's belief that the report is inaccurate and misleading in
its comments about the Company, being based on mistaken
assumptions, misinformed comments, and disputable allegations.
The Company will publish a full and detailed response
demonstrating the factual inaccuracies and selective use of
information in due course. This will be published via RNS and on
the Company's website as soon as reasonably practicable.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alvarium Home REIT Advisors Via FTI Consulting below
Limited
Charlotte Fletcher
Alex Baker
James Snape
Alvarium Securities Limited
Mark Thompson +44 (0)20 7016 6711
Eddie Nissen +44 (0)20 7016 6713
Oliver Kenyon +44 (0)20 7016 6704
Jefferies International
Tom Yeadon
Harry Randall
Ollie Nott +44 (0)20 7029 8000
FTI Consulting (Communications HomeREIT@fticonsulting.com
Adviser) +44 (0)20 3727 1000
Dido Laurimore
Eve Kirmatzis
Ellie Perham-Marchant
Oliver Harrison
The Company's LEI is: 213800A53AOVH3FCGG44.
For more information, please visit the Company's website:
www.homereituk.com
About Home REIT plc
Home REIT plc seeks to contribute to the alleviation of
homelessness in the UK, whilst targeting inflation-protected income
and capital returns, by funding the acquisition and creation of a
diversified portfolio of high-quality accommodation assets across
the UK which are dedicated to providing accommodation to homeless
people. The accommodation assets are let or pre-let on very long
(typically 20 to 30 years) leases, containing inflation-linked or
fixed uplift rent review provisions, to registered charities,
housing associations, community interest companies and other
regulated organisations which have a proven operating track record
in providing low-cost accommodation to homeless people and which
receive housing benefit or comparable support from local or central
government to fund the provision of such accommodation to homeless
people.
There is a critical need for further accommodation for homeless
people in the UK, due to an increasing homeless population and a
lack of available and affordable high-quality, fit-for-purpose
stock to address the problem. Local housing authorities are under a
statutory duty to secure accommodation for individuals who are
unintentionally homeless and in priority need but current
accommodation for homeless people is limited in quantum and often
sub-standard and uneconomical.
The Company focuses on investing in and creating well-located
properties that provide a sustainable level of rent for the tenant.
Within the homeless accommodation assets, there is a focus on care,
support, training and rehabilitation to provide vulnerable homeless
people with the skills and confidence to find long-term
accommodation and enable them to reintegrate back into society.
Savings are expected to be made to local authorities and other
providers of accommodation to homeless people via lower rents
versus more expensive alternative accommodation.
The Company is listed on the premium segment of the Official
List of the UK Financial Conduct Authority and its Ordinary Shares
were admitted to trading on the main market of the London Stock
Exchange, premium segment, on 12 October 2020.
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