SOHO Triple Point Social Housing Reit Plc

TIDMSOHO

RNS Number : 7252Y

Triple Point Social Housing REIT

14 May 2021

14 May 2021

Triple Point Social Housing REIT plc

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

RESULT OF ANNUAL GENERAL MEETING

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

Resolutions 1 to 12 (inclusive) were proposed as ordinary resolutions and resolutions 13 to 16 (inclusive) were proposed as special resolutions. The results of the poll were as follows:

 
      Resolution         Votes For      %      Votes Against    %     Total votes     Total votes     Votes Withheld** 
                                                                        validly        cast as % 
                                                                          cast         of issued 
                                                                                     share capital* 
      To receive and 
      adopt the 
      Annual 
      Report and 
      accounts of the 
      Company for the 
      year ended 
      31 December 
 1    2020              287,517,021   100.00         0         0.00   287,517,021       71.38%            497,934 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To approve the 
      Directors' 
      Remuneration 
 2    Report            282,385,621   98.22      5,125,111     1.78   287,510,732       71.38%            504,223 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To approve the 
      Directors' 
      Remuneration 
 3    Policy            281,378,243   97.87      6,132,489     2.13   287,510,732       71.38%            504,223 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect 
      Christopher 
      Phillips 
      as a Director 
 4    of the Company    285,402,267   99.14      2,471,379     0.86   287,873,646       71.47%            141,309 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect Ian 
      Reeves CBE 
      as a Director 
 5    of the Company    287,865,395   100.00       8,251       0.00   287,873,646       71.47%            141,309 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect 
      Peter Coward as 
      a Director of 
 6    the Company       287,865,395   100.00       8,251       0.00   287,873,646       71.47%            141,309 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect 
      Paul Oliver as 
      a Director of 
 7    the Company       287,865,395   100.00       8,251       0.00   287,873,646       71.47%            141,309 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect 
      Tracey 
      Fletcher-Ray 
      as a Director 
 8    of the Company    287,865,395   100.00       8,251       0.00   287,873,646       71.47%            141,309 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-appoint 
      BDO LLP as 
      Auditors 
 9    of the Company    287,865,395   100.00       8,251       0.00   287,873,646       71.47%            141,309 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the Audit 
      Committee 
      to determine 
      the Auditors' 
 10   remuneration      286,866,268   100.00       8,251       0.00   286,874,519       71.22%           1,140,436 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the Directors 
 11   to allot shares   286,536,958   99.54      1,336,688     0.46   287,873,646       71.47%            141,309 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the Directors 
      to declare and 
      pay all 
      dividends 
      of the Company 
      as interim 
 12   dividends         287,608,645   99.91       254,636      0.09   287,863,281       71.47%            151,674 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To dis-apply 
      statutory 
      pre-emption 
 13   rights up to 5%   282,713,555   98.33      4,793,101     1.67   287,506,656       71.38%            508,299 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To dis-apply 
      pre-emption 
      rights 
      up to a further 
      5% in 
      connection 
      with an 
      acquisition or 
      specified 
      capital 
 14   investment        278,308,510   96.80      9,187,363     3.20   287,495,873       71.38%            519,082 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the Company to 
      purchase its 
 15   own shares        274,013,692   95.19     13,854,400     4.81   287,868,092       71.47%            146,863 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the calling of 
      general 
      meetings, other 
      than 
      an annual 
      general 
      meeting, 
      on not less 
      than 14 clear 
      days' 
 16   notice            282,957,400   98.30      4,899,174     1.70   287,856,574       71.47%            158,381 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
 

*Excluding treasury shares.

**A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Every shareholder has one vote for every Ordinary Share held. As at 14 May 2021, the issued share capital of the Company consisted of 403,239,002 Ordinary Shares. The Company holds 450,000 Ordinary Shares in treasury, which do not carry voting rights. Therefore, the total voting number of voting rights in the Company is 402,789,002 Ordinary Shares.

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 4 March 2021, a copy of which is available on the Company's website at https://www.triplepointreit.com/investors/72/ .

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: 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) 
 Max Shenkman 
 Isobel Gunn-Brown 
 Freddie Cowper-Coles 
 
 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 
 

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-linked, 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 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 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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May 14, 2021 09:52 ET (13:52 GMT)