SoFi CEO enters prepaid forward contract on 1.5 million shares
LONDON - Social Housing REIT plc announced today that its shareholders have approved an amendment to the company’s investment policy. The resolution, passed during a General Meeting, allows for increased exposure to any one Approved Provider, now set at a maximum of 35% of the Group’s gross asset value. Additionally, the aggregate exposure to the top two providers will be capped at 55%.
The poll, which took place during the meeting, showed overwhelming support for the change, with 99.91% of votes cast in favor. The total votes represented 51.53% of the issued share capital, excluding treasury shares. The amendment to the investment policy is effective immediately.
Social Housing REIT specializes in investing in newly-developed social housing assets in the United Kingdom (TADAWUL:4280), focusing on specialized supported housing. These assets, managed by Approved Providers, aim to deliver long-term sustainable income. The portfolio consists of investments in properties already leased to an Approved Provider and forward funding of pre-let developments, but it avoids direct or speculative development.
The company, a constituent of the FTSE EPRA/NAREIT index, operates as a UK Real Estate Investment Trust (REIT) and has been trading on the Main Market of the London Stock Exchange (LON:LSEG) since March 27, 2018, following its admission to the Specialist Fund Segment on August 8, 2017.
The resolution details were initially provided in the Notice of General Meeting dated January 22, 2025, available on the company’s website. In line with regulatory requirements, a copy of the resolution passed will be submitted to the National Storage Mechanism and will be accessible for inspection.
This update is based on a press release statement issued by Social Housing REIT plc.
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