Business
DIVIDEND ANNOUNCEMENT AND FURTHER UPDATE
DIVIDEND ANNOUNCEMENT AND FURTHER UPDATE.
About this update from Home Reit Plc
[{"type":"text","content":"\n \n \n 12 December 2022\n \n \n \n Home REIT plc\n \n \n \n (\"Home REIT\" or the \"Company\")\n \n \n \n DIVIDEND ANNOUNCEMENT AND FURTHER UPDATE\n \n \n \n \n \n \n Further to the Company's announcement released on 30 November 2022, fully responding to the publishing of a short selling report (the \"Report\") and in view of the further allegations raised since that date, the Board reiterates that it believes that all allegations are without substance.\n \n \n \n \n \n \n Dividend announcement\n \n \n \n \n \n \n Following its internal investigations, the Board reaffirms that the Company's portfolio fulfils its sole focus of providing safe and secure accommodation to some of the most vulnerable in society, whilst generating shareholder value.\n \n \n \n \n \n In view of the Company's robust rental income as disclosed in the announcement on 30 November 2022, as well as its strong balance sheet and conservative leverage position, the Board today declares an interim dividend of 1.38 pence per Ordinary Share in respect of the period from 1 June to 31 August 2022, as scheduled below:\n \n \n \n \n \n \n Ex-Dividend Date\n \n 22 December 2022\n \n \n \n Record Date \n \n 23 December 2022\n \n \n \n Payment Date\n \n 20 January 2023\n \n \n \n \n \n The dividend will be paid as a Property Income Distribution (\"PID\") in respect of the Company's tax-exempt property rental business.\n \n \n \n \n \n The dividend is the fourth quarterly dividend declared in respect of the 12-months to 31 August 2022 and takes the total dividends paid and declared in respect of the financial year to 5.5 pence per Ordinary Share, and represents achievement of the Company's annual dividend target for the second year running.\n \n \n \n \n \n \n Further update and accounts\n \n \n \n \n \n \n Whilst the Company remains of the view that the allegations made in the Report and subsequent publications are without foundation and have caused unnecessary and significant disruption and losses to the Company and its shareholders, the Board has taken steps to maintain and enhance shareholder confidence.\n \n \n \n \n \n In view of the Report, the Company's auditor is carrying out enhanced audit procedures, which include a detai...