Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
PRS REIT PLC - Manchester, England-based real estate investment trust - Agrees with investment adviser Sigma PRS Management to add a ’change of control’ provision to the investment advisory agreement between the two companies. In the event of a change of control of PRS REIT, both companies now have the right to terminate the agreement with twelve months’ notice. The amendment was decided following PRS REIT’s launch of a strategic review at the end of October into the company’s future, to allow further flexibility as to how a potential sale of the company may be carried out.
Current stock price: 107.20 pence, up 0.6% in London on Monday morning
12-month change: up 30%
Copyright 2024 Alliance News Ltd. All Rights Reserved.