RNS Number : 6818M
Civitas Social Housing PLC
23 September 2021
 

23 September 2021

 

CIVITAS SOCIAL HOUSING PLC

 

 Response to Short-seller

 

Civitas Social Housing PLC ("Civitas" or the "Company"), the UK's leading care-based and healthcare REIT, notes the recent letter published by a short-seller which profits if the Company's share price falls.

 

This letter was issued without any engagement on the author's part with the Board of Civitas. It is the Board's belief that the letter is based on factual inaccuracies, incorrect assumptions, erroneous comments and assertions which are not grounded in fact.

 

As part of its ongoing dialogue with shareholders, Civitas will publish a full response having taken the time to review the letter in detail. This will be published on the Company's website.

 

The Board of Civitas strongly reiterates that it has great confidence in the Company's assets, revenues, business model and strategy. The Company continues to perform robustly and in line with expectations.

 

For further information, please contact:

 

Civitas Investment Management Limited

Paul Bridge                                                     Tel: +44 (0)20 3058 4844

Andrew Dawber                                            Tel: +44 (0)20 3058 4846

 

Panmure Gordon

Sapna Shah                                                     Tel: +44 (0)20 7886 2783

Tom Scrivens                                                  Tel: +44 (0) 20 7886 2648

 

Liberum Capital                                            Tel: +44 (0) 20 3100 2000

Chris Clarke

Darren Vickers

Owen Matthews                                

 

Buchanan

Helen Tarbet / Henry Wilson                      Tel: +44 (0) 20 7466 5000

Hannah Ratcliff / George Beale                  civitas@buchanan.uk.com

 

 

Notes:

 

Civitas Social Housing PLC ("CSH") was created in 2016 by Civitas Investment Management Limited as the first dedicated London listed REIT, to raise long-term, sustainable, institutional capital to invest in care-based social homes across the UK. So far, Civitas has completed more than 120 individual transactions to build the largest portfolio of its kind that has been independently valued at £915.6 million (31 March 2021). CSH now provides homes for 4,391 working age adults with long-term care needs, in 648 bespoke properties that are supported by 119 specialist care providers, 16 approved providers and working with over 178 individual local authorities.

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