Triple Point Social Housing REIT Result of General Meeting (8131C)

TIDMSOHO

RNS Number : 8131C

Triple Point Social Housing REIT

21 October 2020

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

RESULT OF GENERAL MEETING

The Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce that at the Company's General Meeting held today, all resolutions were voted on by way of a poll and were passed by shareholders.

Full details of the resolutions were set out in the circular published by the Company on 30 September 2020.

Resolutions 1 and 2 were proposed as ordinary resolutions and resolutions 3 and 4 were proposed as special resolutions. The results of the poll incorporating proxy votes lodged in advance of the meeting were as follows:

 
                                                                   Total votes 
                                                                     cast as 
                                                                   % of issued 
  Resolution     Votes For       %      Votes Against     %       share capital*    Votes Withheld 
      1         167,878,236    99.70       512,836       0.30         47.99               0 
              -------------  -------  ---------------  ------  -----------------  ---------------- 
      2         150,548,996    97.42      3,992,076      2.58         44.04           13,850,000 
              -------------  -------  ---------------  ------  -----------------  ---------------- 
      3         167,869,594    99.69       516,769       0.31         47.99             4,709 
              -------------  -------  ---------------  ------  -----------------  ---------------- 
      4         164,390,354    97.63      3,996,009      2.37         47.99             4,709 
              -------------  -------  ---------------  ------  -----------------  ----------------

*Excluding treasury shares.

Notes:

a) Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld).

b) A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" a resolution.

c) Any proxy appointments which gave discretion to the Chairman have been included in the "For" totals.

Every shareholder has one vote for every Ordinary Share held. As at 21 October 2020, the issued share capital of the Company consisted of 351,352,210 Ordinary Shares. The Company holds 450,000 Ordinary Shares in treasury, which do not carry voting rights. Therefore, the total number of voting rights in the Company is 350,902,210 Ordinary Shares.

A copy of the Resolutions will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
  Triple Point Investment Management        Tel: 020 7201 8989 
   LLP 
   (Investment Manager) 
  Ben Beaton 
  Max Shenkman 
  Isobel Gunn-Brown 
 
  Akur Capital (Joint Financial Adviser)    Tel: 020 7493 3631 
  Tom Frost 
  Anthony Richardson 
  Siobhan Sergeant 
 
  Stifel (Joint Financial Adviser           Tel: 020 7710 7600 
   and Corporate Broker) 
  Mark Young 
  Mark Bloomfield 
  Rajpal Padam

NOTES:

The Company's LEI is 213800BERVBS2HFTBC58.

Further information on the Company can be found on its website at www.triplepointreit.com .

NOTES:

The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-adjusted, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

There is increasing political and financial pressure on Housing Associations to increase their housing delivery and this is creating opportunities for private sector investors to participate in the market. The Group's ability to provide forward financing for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents as well as delivering returns to investors.

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017 and was admitted to the premium segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 27 March 2018. The Company operates as a UK Real Estate Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.

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