Business
Completion of Initial Share Buyback Programme
Completion of Initial Share Buyback Programme.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n\n13 June 2023\n \nTriple Point Social Housing REIT plc\n(the \"Company\" or, together with its subsidiaries, the \"Group\")\nCompletion of Initial Share Buyback Programme\n \nThe board of Triple Point Social Housing REIT plc (the \"Board\") announces that, following the purchase of ordinary shares on 12 June 2023, the Company's initial share buyback programme of £5 million, managed by Stifel Nicolaus Europe Limited (\"Stifel\"), was completed in accordance with its terms as announced on 18 April 2023. In aggregate, between 20 April 2023 and 12 June 2023, the Company repurchased 9,322,512 ordinary shares at an average purchase price of 52.61 pence per share.\nAs announced on 18 April 2023, the Board may seek to extend the share buyback programme through a subsequent tranche following receipt of proceeds in relation to a proposed portfolio property sale, subject to market conditions and pricing.\n \nENDS.\n \nFOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:\n \n\n\n\nTriple Point Investment Management LLP\n(Investment Manager)\n\n\nTel: 020 7201 8989\n\n\n\n\nMax Shenkman\n\n\n\n\n\n\n\nIsobel Gunn-Brown\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAkur Capital (Joint Financial Adviser)\n\n\nTel: 020 7493 3631\n\n\n\n\nTom Frost\n\n\n\n\n\n\n\nAnthony Richardson\n\n\n\n\n\n\n\nSiobhan Sergeant\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStifel (Joint Financial Adviser and Corporate Broker)\n\n\nTel: 020 7710 7600\n\n\n\n\nMark Young\n\n\n\n\n\n\n\nRajpal Padam\n\n\n\n\n\n\n\nMadison Kominski\n\n\n\n\n\n\n \n \nThe Company's LEI is 213800BERVBS2HFTBC58.\n \nFurther information on the Company can be found on its website at www.triplepointreit.com.\n \n \nNOTES:\n \nThe 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 specu...