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<title>Ground Rents Income Fund Plc — News on 6ix</title>
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<description>Latest news and press releases for Ground Rents Income Fund Plc on 6ix.</description>
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<title>Non-executive director appointments</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/non-executive-director-appointments-6</link>
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<pubDate>Thu, 23 Apr 2026 06:00:00 GMT</pubDate>
<description>Ground Rents Income Fund plc has appointed Mike Holt and Sarah Booth as Independent Non-Executive Directors, effective April 22, 2026, with Mike Holt also assuming the role of Audit and Risk Committee Chair. These appointments follow the planned departures of Katherine Innes Ker and Bill Holland in May 2026. As a result of these changes and a revision to director remuneration, the annual costs for the incumbent Board members will decrease to £120,000, down from £181,625 for the financial year en</description>
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<title>Unaudited Portfolio Valuation as at 31 March 2026</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/unaudited-portfolio-valuation-as-at-31-march-2026</link>
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<pubDate>Wed, 15 Apr 2026 06:00:00 GMT</pubDate>
<description>Ground Rents Income Fund plc announced an unaudited portfolio valuation of £29.5 million as of 31 March 2026, representing a significant 42.3% like-for-like reduction from £51.1 million six months prior, primarily due to proposed leasehold reform legislation that could cap ground rents. The valuation reflects a net initial yield of 15.8% and a Years Purchase multiplier of 5.9 on annual ground rents of £5.0 million. Contracted rent increased by 4.2% over the period, and disposals totalling £14.8 </description>
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<title>Disposal of the former Portland Hotel in Hull</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/disposal-of-the-former-portland-hotel-in-hull</link>
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<pubDate>Thu, 26 Mar 2026 07:00:00 GMT</pubDate>
<description>Ground Rents Income Fund plc has exchanged contracts to sell its former Portland Hotel property in Hull for £1.45 million, with completion expected by June 24, 2026. This sale, which resolves legacy asset management issues and forfeits the previous tenant's lease, also includes a £125,000 contribution from the purchaser towards legal costs and an additional £250,000 for vacant possession. The net sale proceeds are anticipated to be used to repay the company's £3.9 million loan facility with Sant</description>
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<title>Result of AGM and Update on Board Succession</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/result-of-agm-and-update-on-board-succession</link>
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<pubDate>Wed, 25 Mar 2026 16:56:00 GMT</pubDate>
<description>Ground Rents Income Fund PLC announced that all resolutions passed at its Annual General Meeting on March 25, 2026, with strong shareholder support, including the approval of the audited financial statements for the year ended September 30, 2025, and the Directors' Remuneration Report. Judith MacKenzie was elected as a Director, and Bill Holland and Katherine Innes Ker were re-elected, alongside the appointment of RSM UK Audit LLP as auditor. The company also provided an update on board successi</description>
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<title>Two Student Ground Rent Disposals</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/two-student-ground-rent-disposals</link>
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<pubDate>Fri, 20 Mar 2026 07:00:00 GMT</pubDate>
<description>Ground Rents Income Fund plc has completed two student ground rent disposals in Manchester and Southampton for a combined £4.58 million, representing a 0.6% discount to their £4.68 million valuation and a net initial yield of 5.3%. These sales, which align with the company's strategy to optimize shareholder returns, have reduced the outstanding loan from Santander UK plc from £8.2 million to £3.9 million. Following this repayment, the bank loan to value is approximately 18%, well within the 45% </description>
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<title>Holding(s) in Company</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/holdings-in-company-460</link>
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<pubDate>Wed, 04 Feb 2026 17:16:00 GMT</pubDate>
<description>Philip J Milton & Company Plc has increased its holding in Ground Rents Income Fund PLC, crossing a notification threshold on February 3, 2026. The company now holds 9.18% of the voting rights, representing 8,784,298 shares, up from a previous notification of 8.08%. This acquisition of voting rights was reported to the issuer on February 4, 2026.
Disclaimer*</description>
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<title>Residential Leasehold Reform Update</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/residential-leasehold-reform-update</link>
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<pubDate>Tue, 27 Jan 2026 17:17:00 GMT</pubDate>
<description>Ground Rents Income Fund plc (GRIO) has noted the draft Commonhold and Leasehold Reform Bill proposing to cap ground rents at £250 annually, potentially reducing GRIO's portfolio ground rent income by approximately 26% to £3.8 million and its portfolio value by 44% to £31.0 million, implying a Net Asset Value of £27.4 million or 28.6 pence per share, down from £52.2 million or 54.5 pence per share as of September 30, 2025. The company believes these reforms could have serious unintended conseque</description>
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<title>Annual Financial Report and Notice of Meeting</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/annual-financial-report-and-notice-of-meeting-2</link>
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<pubDate>Thu, 11 Dec 2025 07:00:00 GMT</pubDate>
<description>Ground Rents Income Fund plc reported full year results for the year ended 30 September 2025, with a portfolio valuation of £56.2 million, a 9.0% reduction from the prior year. The Net Asset Value stands at £52.2 million, or 54.5 pence per share, with dividends remaining withheld due to an auditor's disclaimer of opinion. The company successfully completed £10.0 million in asset sales, reducing its bank loan from £19.5 million to £8.2 million, and refinanced its loan facility post-year-end to Ja</description>
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<title>Refinance of loan facility on improved terms</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/refinance-of-loan-facility-on-improved-terms</link>
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<pubDate>Tue, 02 Dec 2025 07:00:00 GMT</pubDate>
<description>Ground Rents Income Fund plc has successfully refinanced its £8.235 million loan facility with Santander UK plc, extending the term to January 2028 and reducing the margin by 25 basis points to 2.50% per annum. The new facility maintains the same principal amount but benefits from improved terms, including a lower Loan to Value ratio of 19.2% against a security pool valued at £42.8 million and a revised Interest Cover Ratio covenant of 1.75x. The company has also secured flexibility for addition</description>
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<title>Non-executive director appointment</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/non-executive-director-appointment-12</link>
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<pubDate>Tue, 18 Nov 2025 09:08:00 GMT</pubDate>
<description>Ground Rents Income Fund plc has appointed Judith MacKenzie as an Independent Non-Executive Director, effective November 17, 2025, bringing extensive experience in fund management and private equity, including her current role as Partner at Downing LLP which manages over £2 billion. This appointment follows the announcement that Barry Gilbertson will retire as Non-Executive Chair at the time of the 2025 Annual Report publication, expected in December 2025, with Judith MacKenzie proposed to succe</description>
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<title>Leasehold reform update</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/leasehold-reform-update</link>
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<pubDate>Mon, 27 Oct 2025 10:02:00 GMT</pubDate>
<description>Ground Rents Income Fund plc (GRIO) announced on October 27, 2025, that the High Court dismissed its claim, along with five other claimant groups, regarding enfranchisement provisions within the Leasehold and Freehold Reform Act 2024. The company had initially pursued a Judicial Review, as outlined in their Interim Report and Accounts ended March 31, 2025, issued in June 2025. GRIO is currently reviewing the judgment with its advisors and intends to provide an update in the future.
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<title>Board Change</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/board-change-81</link>
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<pubDate>Tue, 16 Sep 2025 06:00:00 GMT</pubDate>
<description>Ground Rents Income Fund PLC (GRIO) announced that Barry Gilbertson will step down as Non-Executive Chairman from the Board of Directors. His departure is scheduled for the publication of the 2025 Annual Report, expected in December 2025. The Board has initiated an independent search for a new Chair, engaging headhunters to assist in the process, and will make further announcements in due course. Since 2019, Barry has supported the Company in dealing with complex headwinds associated with leaseh</description>
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<title>Change of Auditor</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/change-of-auditor-66</link>
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<pubDate>Thu, 14 Aug 2025 16:17:00 GMT</pubDate>
<description>Change of Auditor.</description>
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<title>Half-year Report</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/half-year-report-228</link>
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<pubDate>Fri, 13 Jun 2025 06:00:00 GMT</pubDate>
<description>Half-year Report.</description>
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<title>Company Update and NAV</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/company-update-and-nav</link>
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<pubDate>Wed, 30 Apr 2025 06:00:00 GMT</pubDate>
<description>Company Update and NAV.</description>
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<title>END OF OFFER PERIOD</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/end-of-offer-period-1</link>
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<pubDate>Tue, 25 Feb 2025 07:00:00 GMT</pubDate>
<description>END OF OFFER PERIOD.</description>
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<title>Statement of no intention to make an offer</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/statement-of-no-intention-to-make-an-offer</link>
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<pubDate>Mon, 24 Feb 2025 17:14:00 GMT</pubDate>
<description>Statement of no intention to make an offer.</description>
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<title>Result of AGM</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/result-of-agm-406</link>
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<pubDate>Thu, 13 Feb 2025 17:00:00 GMT</pubDate>
<description>Result of AGM.</description>
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<title>Extension to PUSU Deadline</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/extension-to-pusu-deadline</link>
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<pubDate>Wed, 05 Feb 2025 16:56:00 GMT</pubDate>
<description>Extension to PUSU Deadline.</description>
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<title>Company Update</title>
<link>https://6ix.com/company/ground-rents-income-fund-plc/news/company-update-33</link>
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<pubDate>Wed, 05 Feb 2025 16:55:00 GMT</pubDate>
<description>Company Update.</description>
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