29th Aug 2024 14:00
PRS REIT PLC - Manchester, England-based real estate investment trust - Harwood Capital Management Ltd says a group of five investors including itself, holding just over 17% of PRS REIT, have served a requisition for an extraordinary general meeting. The group want to remove Non-Executive Chair Stephen Smith and Non-Executive Director Steffan Francis and replace them with Robert Naylor and Christopher Mills. Mills is the majority shareholder of Harwood Capital Management, which itself holds a 1.1% stake in PRS REIT. The group says it wants the two new directors and the three remaining board members to review options to return value to shareholders. Read More
