Walls & Futures REIT - Walls & Futures joins P1 Net-Zero Carbon
RNS Number : 1790B
Walls & Futures REIT PLC
09 June 2021
 

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9 June 2021

 

WALLS & FUTURES REIT PLC

 ("Walls & Futures" or the "Company")

 

Walls & Futures joins P1 Net-Zero Carbon (NZC10) as part of its

Ethical Investment Policy rollout

 

 

Walls & Futures REIT plc ("WAFR"), the Ethical Housing investor and developer, today announced it had joined P1 Investment Management's Net-Zero Carbon ("NZC10") target as part of its Ethical Investment Policy rollout.

The NZC10 target was devised by P1 Investment Management with guidance from climate scientists and an external Ethical Oversight Committee which seeks to directly focus investment on carbon-neutrality by fund managers concerned about ethical and sustainability issues.

Funds with over £8 billion in Assets Under Management have adopted NZC10 and include the Aegon Global Sustainable Equity Fund, Artemis Positive Future Fund, Janus Henderson Global Sustainable Equity Fund, Liontrust Sustainable Future Corporate Bond Fund, Montanaro Better World Fund, Triodos Pioneer Impact Fund and WHEB Sustainability Fund.

 

Joe McTaggart, CEO of Walls & Futures REIT plc commented:

"As we move forward, our Ethical Investment Policy will guide our thinking so to ensure we deliver on our mission in a responsible manner, mindful of our environmental and social impact.

As a developer of Specialist Supported Housing, we are committed to delivering buildings that are net zero carbon over their whole lives. Our intention is to utilise the framework created by the UK Green Building Council on our bespoke housing solution for autism, both minimising the carbon emissions from the construction process and emission for the in-use operational energy.

We believe our Ethical Investment Policy will serve as a screening guide for individual and institutional investors seeking credible and impactful ESG/ethical investments."

 

 

Dr Quintin Rayer, Head of Sustainable Investment, P1 Investment Management Commented:

 

"Ethical investors often focus on industries and society becoming carbon-neutral, but we must not forget the significant footprint of the buildings we use. We are delighted that Walls & Futures has adopted the NZC10 target. Sustainable carbon-neutral social housing is a piece of the jigsaw puzzle that helps ensure the whole of society meets net-zero goals.

 

Having a REIT embrace NZC10 shows its flexibility and ease of adoption across many asset classes, which was one of our aims when we first envisioned the target. That the first REIT to join is a developer of Specialist Supported Housing, raises the ethical bar, and makes us very proud of the calibre of those who are part of it."

Enquiries:

 

Walls & Futures REIT PLC                                                        0333 700 7171     

Joe McTaggart, Chief Executive

Website www.wallsandfutures.com

 

Allenby Capital Limited (Corporate and Financial Adviser)                               

Nick Harriss/James Reeve                                                                                 020 3328 5656

 

About Walls & Futures REIT plc

 

Walls & Futures is an ethical housing developer and investor on a mission to address the unfulfilled demand for Specialist Supported Housing in the UK.

 

We design, fund and develop Specialist Supported Housing which are let on Full Repairing and insuring (FRI), inflation linked leases to local authorities registered providers and charities. We negotiate our leases directly, and developer our own properties, rather than acquire existing or ready-made investment portfolios which are often bought at a premium.

 

We have outperformed our benchmark, the MSCI UK residential property index every year since joining in 2018.

 

Our Ethical Investment Policy can be found on our website: https://reit.wallsandfutures.com/ethical-investment-policy/

 

About P1 Investment Management & Net Zero Carbon (NZC10)


P1 Investment Management (P1) is a discretionary investment manager and platform operator working closely with industry professionals, using technology to overcome the restrictions and limitations dominant in many traditional investment houses.

 

We appreciate that for a truly sustainable future, the global economy urgently needs to transition to net-zero emissions. P1 aims to do ethical investing "as well as possible given real-world constraints". The NZC10 target seeks to directly focus investment on carbon-neutrality by fund managers concerned about ethical and sustainability issues. 

 

The Net-Zero Carbon (NZC10) target was devised by P1 Investment Management with guidance from climate scientists and our external Ethical Oversight Committee. 

https://p1-im.co.uk & https://netzerocarbon.earth/the-funds 

 

P1 Investment Management, Head of Sustainable Investing

Dr Quintin Rayer                                                                                    Quintinrayer@p1-im.co.uk

 

P1 Investment Management, Head of Marketing

Harry Webster                                                                                       harrywebster@p1-im.co.uk 

 

 

 

Disclosure requirements of the Takeover Code

 

Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

 

Under Rule 8.3(b) of the Takeover Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

 

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

 

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

 

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk , including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Takeover Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

 

Additional information

 

Allenby Capital Limited ("Allenby Capital") is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Allenby Capital is acting as financial adviser exclusively for Walls & Futures and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters set out in this announcement and will not be responsible to anyone other than Walls & Futures for providing the protections afforded to clients of Allenby Capital or its affiliates, or for providing advice in relation to the contents of this announcement or any other matter referred to herein.

 

Publication on a website

 

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available at https://reit.wallsandfutures.com/unsolicited-offer. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement. 

 

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