Business
Proposed Issue of C Shares and Posting of Circular
Proposed Issue of C Shares and Posting of Circular.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \nRNS Number : 4685G Triple Point Social Housing REIT 01 March 2018 \n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR TO US PERSONS. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT HAS BEEN DETERMINED TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.\n \nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE OR SUBSCRIPTION OF, OR SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY ORDINARY SHARES OR ANY C SHARES IN THE COMPANY, IN ANY JURISDICTION, INCLUDING THE UNITED STATES, NOR SHALL IT, OR ANY PART OF IT, OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR INVESTMENT DECISION WHATSOEVER, IN ANY JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION REGARDING ANY SECURITIES. ANY INVESTMENT DECISION MUST BE MADE EXCLUSIVELY ON THE BASIS OF ANY PROSPECTUS TO BE PUBLISHED BY THE COMPANY IN CONNECTION WITH THE ISSUE.\n \n1 March 2018\nTriple Point Social Housing REIT plc\n(the \"Company\" or, together with its subsidiaries, the \"Group\")\nPROPOSED ISSUE OF C SHARES\nPOSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING\nFurther to the Company's announcement on 27 February 2018, the Board of Triple Point Social Housing REIT plc (ticker: SOHO) announces that it intends to raise up to £200 million (before expenses) through the issue of C shares (the \"C Shares\") at a price of 100p per share, via a pre-emptive Open Offer as well as a Placing and Offer for Subscription (the \"Issue\"). \n \nBackground to and reasons for the Issue\n \nSince its launch in August 2017, the Company has deployed £179.2 million (including purchase costs)1 of the net proceeds of the IPO to the acquisition or forward funding of properties. As at today's date, the Company's portfolio comprises 148 Supported Housing properties across the UK.2 The Company's Delegated Investment Manager continues to identify attractive Supported Housing ass...