Due to restrictions under applicable securities laws, access to this website is not permitted in certain jurisdictions.
Please select your country of residence
By clicking the "Submit" button you certify that you are an individual resident in the country stipulated by you above and that you have read and understood this notice. The information contained in this website does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities of Triple Point Social Housing REIT plc in any jurisdiction in which, or to any person to whom, such offer or solicitation is unlawful.
The information included in this website is restricted due to applicable securities laws in your country of residence. The information in this website is, therefore, not available to persons located in your country of residence.
THE MATERIALS CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
The information contained herein and on the pages that follow does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or in any jurisdiction in which such an offer or solicitation would be unlawful. Triple Point Social Housing REIT plc (the "Company") has not been and will not be registered under the US Investment Company Act of 1940, as amended (the "Investment Company Act") and, as such, holders of the securities referred to herein and on the pages that follow will not be entitled to the benefits of the Investment Company Act. No offer, sale, resale, pledge, delivery, distribution or transfer of the securities referred to herein and on the pages that follow may be made except under circumstances that will not result in the Company being required to register as an investment company under the Investment Company Act. The securities referred to herein and on the pages that follow have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, into or within the United States or to, or for the account or benefit of, US persons as defined in Regulation S under the Securities Act ("US Persons"), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States and in a manner which would not require the Company to register under the Investment Company Act. There will be no public offer of the securities referred to herein and on the pages that follow in the United States, Australia, Canada, Japan or South Africa.
The securities referred to herein and on the pages that follow may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, into or within Australia, Canada, Japan or South Africa or to any resident or citizen of Australia, Canada, Japan or South Africa. The offer and sale of the securities referred to herein and on the pages that follow have not been and will not be registered under the applicable securities laws of Australia, Canada, Japan or South Africa. Potential users of this information are requested to inform themselves about and to observe any such restrictions.
You may download or print copies of the reports or information contained within this website for your own private use only; all other copying, reproducing, transmitting, distributing or displaying of material on this website (by any means and in whole or in part) is prohibited. This website may contain or link to content which is generated by third parties. Neither the Company or Triple Point Investment Management LLP nor any other person accepts any responsibility in respect of any information contained on any other website which may be linked to or from this website.
This website is governed by the laws of England.
By using this website you confirm that you have read, understood, and accepted these conditions. The Company may change these conditions. The changes will be posted on the website. Your access to this website is governed by the version of these conditions then in force.
By clicking "I understand and agree" below, you represent, warrant and agree that you (1) have read and understood the terms and conditions and other information set out above, (2) agree to be bound by its terms, (3) are permitted under applicable laws and regulations to receive the information contained in the pages that follow and, (4) agree that you will not transmit or otherwise send any information contained in this website to any person in the United States, to any US Person, or to publications with a general circulation in the United States. If you cannot so certify and agree, you must click the button labelled "I decline" or otherwise exit this website.
I understand and agree
The Board of Triple Point Social Housing REIT plc (ticker: SOHO) announces the result of the Placing, Open Offer and Offer for Subscription of C shares in the Company (being a new class of convertible, non-voting preference shares) (the “C Shares”) at a price of 100p per share (the “Issue Price”) (the “Issue”).
A total of 47,500,000 C Shares will be issued raising Gross Proceeds of £47.5 million, of which 33,005,715 C Shares will be issued pursuant to the Open Offer, 815,150 C Shares will be issued pursuant to the Offer for Subscription and 13,679,135 C Shares will be issued under the Placing.
The Net Proceeds of the Issue will be used by the Company to capitalise on investment opportunities identified by Triple Point Investment Management LLP (the “Delegated Investment Manager”) in the Supported Housing sector. The Delegated Investment Manager expects to be able to deploy the Net Proceeds of the Issue such that the C Shares convert into Ordinary Shares by 31 December 2018.
The Company has also received confirmation from the UK Financial Conduct Authority (the “FCA”) that its ordinary shares (“Ordinary Shares”) will be admitted to the premium segment of the Official List of the UK Listing Authority (the “Migration”) and will move their trading venue to the premium segment of the Main Market of the London Stock Exchange.
Commenting on the result of the Issue, Chris Phillips, Chairman of Triple Point Social Housing REIT plc, said:
“Given the current market backdrop, we are pleased with the result of this fundraise. We appreciate the support of our existing shareholders and welcome our new investors, and we look forward to reporting on the Group’s continued strong progress over the coming months.”
James Cranmer, Partner of Triple Point Investment Management LLP, commented:
“We are actively engaged in discussions in relation to a significant pipeline of assets that meet the Company’s investment criteria, and are on terms that we consider attractive for the Group. The Net Proceeds of the Issue will enable the Group to capitalise on a number of these opportunities.”