4 October 2024
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the "Group")
PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT
The Company announces that, in accordance with the terms of the Investment Management Agreement with Triple Point Investment Management LLP ("Triple Point" or the "Investment Manager"), pursuant to which the Investment Manager shall procure that 25 per cent of the management fee (net of applicable tax) shall be applied by subscribing for or acquiring Ordinary Shares in the capital of the Company ("Management Shares"), the Investment Manager purchased 432,938 Ordinary Shares in the market at an average price of 65.37 pence on 3 October 2024. This purchase of Management Shares was made by Perihelion One Limited ("Perihelion"), a company in the Triple Point Group.
In March 2021, the Investment Manager introduced a Product Ownership Scheme, under which partners and employees of Triple Point are able to use some or all of their discretionary remuneration to acquire Ordinary Shares from the Investment Manager. The partners and employees of Triple Point are subject to the Triple Point Personal Account Dealing Code which governs the ability of such individuals to deal in the Ordinary Shares. Under the scheme, employees are incentivised to hold the Ordinary Shares for at least 12 months but are not subject to any formal lock-in arrangements.
Perihelion has transferred a total of 895,426 Ordinary Shares to partners and employees under the Product Ownership Scheme. The Investment Manager and its staff currently hold a total of 4,853,416 Ordinary Shares in the Company*.
* Figure only includes Management Shares acquired from Perihelion and not Ordinary Shares otherwise acquired by such individuals.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
| Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
| Max Shenkman | |
| Isobel Gunn-Brown | |
| | |
| Akur Limited (Joint Financial Adviser) | Tel: 020 7493 3631 |
| Tom Frost | |
| Anthony Richardson | |
| Siobhan Sergeant | |
| | |
| Stifel Nicolaus Europe Limited (Joint Financial Adviser and Corporate Broker) | Tel: 020 7710 7600 |
| Mark Young | |
| Rajpal Padam | |
| Madison Kominski | |
| | |
| Brunswick Group (Financial PR Adviser) | Tel: 020 7404 5959 |
| Nina Coad | |
| Mara James | |
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 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.
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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