News
- Home
- Home REIT to strengthen management and board in wake of allegations
Home REIT says that it will strengthen its management team and bring in independent pre-purchase valuers as part of several changes to “maintain and enhance shareholder confidence” following a number of allegations in recent weeks.
The company will also beef up its board with the appointment of a new non-executive director and hire the services of a national Property Management firm to carry out property management services on its portfolio.
The changes announced today comprise:
The company says it expects to publish full year results (for the period to 31 August 2022) by no later than 31 January 2023, after they were delayed for its auditor to carry out an additional audit of the accounts following the allegations made by short seller Viceroy.
Year end accounts are required to be published within four months (which in the case of Home REIT is 31 December 2022) and if this deadline is not met, the FCA will temporarily suspend the company’s listing until the audited accounts are published. The company says that it is working tirelessly with the auditor to publish results as soon as possible.
The company also declared a dividend for the quarter to 31 August 2022 of 1.38p per share, to be paid on 20 January 2023 (ex-dividend date 22 December 2022).
HOME : Home REIT to strengthen management and board in wake of allegations
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated