Triple Point Social Housing REIT Directorate Change (5412T)
March 20 2023 - 8:00AM
UK Regulatory
TIDMSOHO
RNS Number : 5412T
Triple Point Social Housing REIT
20 March 2023
20 March 2023
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the
"Group")
DIRECTORATE CHANGES
The Board of Directors of Triple Point Social Housing REIT plc
is pleased to announce the appointment of Cecily Davis to the Board
as an Independent Non-Executive Director with effect from 23 May
2023, immediately following the Annual General Meeting.
Cecily has extensive legal, construction and infrastructure
sector experience gained from 30 years as a construction and
projects lawyer. She is an Engineering, Procurement and
Construction Partner at Fieldfisher and Co-Head of Fieldfisher's
Africa Group. She was formerly a Partner at DLA Piper until 2014
and Shadbolt & Co until 2005. Cecily has an extensive
understanding of the residential and affordable housing sectors,
having acted as Non-Executive Director of both L&Q Group and
Places for People. Cecily is a Director of 3 M Homes Ltd and is a
Trustee of the Southwark Charities, which provides almshouses to
local residents.
There are no other details that are required to be disclosed in
respect of Rule 9.6.13 of the Financial Conduct Authority's Listing
Rules.
The Board also announces that Paul Oliver, an Independent
Non-Executive Director of the Company, has notified the Company of
his intention to retire from the Board with effect from 30 June
2023. Paul has been an Independent Non-Executive Director and a
member of the Audit, Management Engagement, and Nomination
Committees since July 2017.
Further details on consequential changes to the composition of
the Board Committees will be notified in due course.
Chris Phillips, Chair of the Company, commented:
"On behalf of the Board, I would like to take the opportunity,
in advance of his retirement in June, to thank Paul Oliver for his
valuable insights and contribution to the development of the
Company since its IPO. He retires from the Company with our very
best wishes for the future.
"We are, however, very pleased to welcome Cecily Davis as an
Independent Non-Executive Director to the Board. Her considerable
experience, in particular in the residential and affordable housing
sectors, will be invaluable to the Board and we look forward to
working with her."
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management Tel: 020 7201 8989
LLP
(Investment Manager)
Max Shenkman
Isobel Gunn-Brown
Akur Capital (Joint Financial Adviser) Tel: 020 7493 3631
Tom Frost
Anthony Richardson
Siobhan Sergeant
Stifel (Joint Financial Adviser and Tel: 020 7710 7600
Corporate Broker)
Mark Young
Mark Bloomfield
Rajpal Padam
Madison Kominski
The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website
at www.triplepointreit.com .
NOTES:
The Company focuses on investing in newly developed social
housing assets in the UK, with a particular focus on specialised
supported housing. The majority of the assets within the portfolio
are subject to inflation-linked, long-term, 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
a 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 pressure and social need to
increase housing supply across the UK which is creating
opportunities for private sector investors to help deliver this
housing. The Group's ability to provide forward funding 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 is a UK Real Estate Investment Trust ("REIT") listed
on the premium segment of the Official List of the UK Financial
Conduct Authority and is a constituent of the FTSE EPRA/NAREIT
index.
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END
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