FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
| (a) Full name of discloser: | THE PRS REIT PLC |
| (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | N/A |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | THE PRS REIT PLC |
| (d) Is the discloser the offeror or the offeree? | OFFEREE |
| (e) Date position held: The latest practicable date prior to the disclosure | 6 November 2024 |
| (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
| Class of relevant security:
| Ordinary Shares of 1p | |||
|
| Interests | Short positions | ||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | NIL |
| NIL |
|
| (2) Cash-settled derivatives:
| NIL |
| NIL |
|
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | NIL |
| NIL |
|
|
TOTAL: | NIL |
| NIL |
|
(b) Rights to subscribe for new securities
| Class of relevant security in relation to which subscription right exists: | NIL |
| Details, including nature of the rights concerned and relevant percentages: | NIL |
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure: | ||||||||||||||||||||||||||||||
| a) Details of the directors' (including their close relatives and related trusts) interests in the Company's securities:
* Christopher Mills is the Chief Executive Officer and Chief Investment Officer of Harwood Capital Management Limited ("HCM"). HCM (via its wholly owned subsidiaries) is Investment Manager to North Atlantic Smaller Companies Investment Trust plc. Christopher Mills' interest is held by North Atlantic Smaller Companies Investment Trust plc. Christopher Mills' position was also disclosed in a Form 8.3 notification published by Harwood Capital LLP on 24 October 2024 at 4.58pm.
b) Details of persons acting in concert with The PRS REIT plc (including their close relatives and related trusts) interests in the Company's securities:
|
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
| Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:
|
|
NONE
|
(b) Agreements, arrangements or understandings relating to options or derivatives
| Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
|
|
NONE
|
(c) Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | NO |
| Supplemental Form 8 (SBL) | NO |
Date of disclosure: | 6 November 2024 |
Contact name: | HELEN RICHARDSON, HANWAY ADVISORY LIMITED, COMPANY SECRETARY
|
Telephone number: | +44 207 409 0181 |
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