Home REIT PLC Debt Repayment, Tenant and Accounts update
December 24 2024 - 2:00AM
RNS Regulatory News
RNS Number : 1957R
Home REIT PLC
24 December 2024
NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION
FOR IMMEDIATE RELEASE
24 December 2024
Home REIT
plc
("Home REIT" or the
"Company")
Debt Repayment, Tenant
and Accounts Publication Update
Debt Repayment
On 28 November 2024, the Company
announced it had made full repayment of the loans from Scottish
Widows and that a further payment of approximately £9m in respect
of additional fees would be made in December 2024. The Company
confirms that the additional fees have now been paid and Scottish
Widows has released its charge over Home REIT's assets.
Tenant Update
Home REIT and LTG Vision have agreed
a surrender on 171 properties. Going forward, Lomond Investment
Management will act as property manager for the assets, minimising
disruption to the underlying residents.
Publication of Accounts
The Company announces that it now
expects to publish historical accounts for the year ended 31 August
2023 in January 2025, with the results for the year ended 31 August
2024 following in the first quarter of 2025.
FOR FURTHER INFORMATION, PLEASE
CONTACT:
FTI Consulting (Communications
Adviser)
Dido Laurimore
Bryn Woodward
Oliver Harrison
|
HomeREIT@fticonsulting.com
+44 (0)20
3727 1000
|
The Company's LEI is:
213800A53AOVH3FCGG44.
For more information, please visit
the Company's website: www.homereituk.com
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