TIDMPRSR
RNS Number : 0775U
PRS REIT PLC (The)
24 March 2023
PRSR.L
The PRS REIT plc
("the Company" or "the PRS REIT")
Director/PDMR Shareholding
The PRS REIT, the closed-ended real estate investment trust that
invests in high-quality, new build, family homes in the private
rented sector ("PRS"), announces that it has been notified of the
following:
-- Stephen Smith, Non-executive Chairman of the Company,
acquired 50,000 ordinary shares in the Company ("Ordinary Shares")
on 22 March 2023 and 20,000 Ordinary Shares on 23 March 2023. As a
result, Mr Smith's total interest in the Company is now 305,000
Ordinary Shares, representing 0.06 per cent of the total voting
rights of the Company.
-- Jim Prower, Non-executive Director of the Company, acquired
48,000 Ordinary Shares on 22 March 2023. As a result, Mr Prower's
total interest in the Company is now 100,000 Ordinary Shares,
representing 0.02 per cent of the total voting rights of the
Company.
The notifications below, made in accordance with the
requirements of UK MAR, provide further detail.
Notification of transactions of persons discharging managerial
responsibility or connected persons
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Stephen Smith
-------------------------------- ---------------------------------
Reason for Notification
2
-------------------------------------------------------------------
a) Position/status Director / PDMR
-------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------- ---------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
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a) Name The PRS REIT plc
-------------------------------- ---------------------------------
b) LEI 21380037Q91HU97WZX58
-------------------------------- ---------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.01 each
financial instrument,
type of instrument
Identification code GB00BF01NH51
-------------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.7572 50,000
----------
-------------------------------- ---------------------------------
d) Aggregated information
- Aggregated volume 50,000
- Price GBP37,860
-------------------------------- ---------------------------------
e) Date of the transaction 22 March 2023
-------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------- ---------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jim Prower
-------------------------------- ---------------------------------
Reason for Notification
2
-------------------------------------------------------------------
a) Position/status Director / PDMR
-------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------- ---------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name The PRS REIT plc
-------------------------------- ---------------------------------
b) LEI 21380037Q91HU97WZX58
-------------------------------- ---------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.01 each
financial instrument,
type of instrument
Identification code GB00BF01NH51
-------------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.75663 48,000
----------
-------------------------------- ---------------------------------
d) Aggregated information
- Aggregated volume 48,000
- Price GBP36,318.24
-------------------------------- ---------------------------------
e) Date of the transaction 22 March 2023
-------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------- ---------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Stephen Smith
-------------------------------- ---------------------------------
Reason for Notification
2
-------------------------------------------------------------------
a) Position/status Director / PDMR
-------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------- ---------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name The PRS REIT plc
-------------------------------- ---------------------------------
b) LEI 21380037Q91HU97WZX58
-------------------------------- ---------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.01 each
financial instrument,
type of instrument
Identification code GB00BF01NH51
-------------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.7674 20,000
----------
-------------------------------- ---------------------------------
d) Aggregated information
- Aggregated volume 20,000
- Price GBP15,348
-------------------------------- ---------------------------------
e) Date of the transaction 23 March 2023
-------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------- ---------------------------------
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378 (c/o
Steve Smith, Non-executive Chairman KTZ Communications)
Sigma PRS Management Limited Tel: 0333 999 9926
Graham Barnet, Mike McGill
Singer Capital Markets Tel: 020 7496 3000
James Maxwell, Asha Chotai
Panmure Gordon (UK) Limited Tel: 020 7886 2500
Alex Collins
G10 Capital Limited (part of the IQEQ Group Tel: 020 3745 2826
as AIFM)
Paul Cowland
KTZ Communications Tel: 020 3178 6378
Katie Tzouliadis, R obert Morton
NOTES TO EDITORS
About The PRS REIT plc
www.theprsreit.com
The PRS REIT plc is a closed-ended real estate investment trust
established to invest in the Private Rented Sector ("PRS") and to
provide shareholders with an attractive level of income together
with the potential for capital and income growth. The Company is
investing over GBP1bn in a portfolio of high-quality homes for
private rental across the regions, having raised a total of
GBP0.56bn (gross) through its Initial Public Offering on 31 May
2017 and subsequent fundraisings in February 2018 and September
2021. The UK Government's Homes England has supported the Company
with direct investments. On 2 March 2021, the Company transferred
its entire issued share capital to the premium listing segment of
the Official List of the FCA and to the London Stock Exchange's
premium segment of the Main Market. Approaching its 5,000th new
rental home, the Company believes its portfolio is the largest
build-to-rent single-family rental portfolio in the UK.
LEI: 21380037Q91HU97WZX58
About Sigma Capital Group Limited (formerly Sigma Capital Group
plc)
www.sigmacapital.co.uk
Sigma Capital Group Limited ("Sigma") is a PRS, residential
development, and urban regeneration specialist, with offices in
Edinburgh, Manchester and London. Sigma's principal focus is on the
delivery of large-scale housing schemes for the private rented
sector. The Company has a well-established track record in
assisting with property related regeneration projects in the public
sector, acting as a bridge between the public and private
sectors.
Sigma has created an excellent property procurement and
management platform, which sources sites and brings together
construction resource to develop them, enabling Sigma to deliver an
integrated solution to partners. As well as sourcing sites and
managing all stages of the planning and development process, Sigma
manages the rental of completed homes through its award-winning
rental brand 'Simple Life'. The Company's subsidiary, Sigma PRS
Management Ltd, is Investment Adviser to The PRS REIT plc.
About Sigma PRS Management Ltd
Sigma PRS Management Ltd is a wholly-owned subsidiary of Sigma
Capital Group Limited and is Investment Adviser to The PRS REIT
plc. It sources investments and operationally manages the assets of
The PRS REIT plc and advises the Alternative Investment Fund
Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in
accordance with The PRS REIT plc's Investment Policy. The AIFM is
G10 Capital Limited. Sigma PRS Management Ltd is an appointed
representative of G10 Capital Limited, which is authorised and
regulated by the Financial Conduct Authority (FRN:648953).
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