Half Year Results for the period to 30 September 2021 & Directorate Change
Announcement provided by
Walls & Futures REIT plc · WAFR31/12/2021 10:00
Walls & Futures REIT PLC (WAFR)
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
31 December 2021 WALLS & FUTURES REIT PLC
("Walls & Futures" or the "Company")
Half Year Results for the period to 30 September 2021 Directorate Change
Walls & Futures REIT plc ("WAFR") the Ethical Housing Investor and developer, is pleased to announce its unaudited interim results for the six months to 30 September 2021.
Highlights
Chief Executive's Statement
While the defence of the unsolicited offer from Virgata Services was successful, the direct cost has led to charge of approximately
Despite the ongoing economic challenges affecting the property market by Covid-19, 100% of our Specialist Supported Housing rents have been collected.
Post the 30 September 2021, we have successfully disposed of our final Private Rental Sector (PRS) property for
We are reviewing several Specialist Supported Housing investment opportunities, and are confident that future projects will, like our existing projects in the sector, make a significant positive impact on both our net asset value and revenue.
The design work on our bespoke home for autism is now complete and we are finalising the marketing materials to launch in the New Year.
We also announce David White will step down from the board as of the 31 December 2021 to focus on other business interests. We thank him for his efforts and wish him all the best in his new endeavours.
We are delighted to welcome Keisha Robinson to the board as of the 1 January 2022. Keisha brings a broad range of complementary skills to the board which will be of great importance as we roll out our bespoke home for autism. Further information regarding Kiesha's appointment are set out below following the half-yearly financial statements
Joe McTaggart Chief Executive
Consolidated Income Statement For the Six-Month Period to 30 September 2021
*Includes approx.
Consolidated Balance Sheet 30 September 2021
Consolidated Cash Flows For the Six-Month Period to 30 September 2021
The above figures have not been reviewed by the Company's auditors.
Appointment of Director
The Company is pleased to announce the appointment with effect from 1 January 2022 of Ms Kiesha Robinson as an Independent Non-Executive Director of the Company. Ms Robinson will also be appointed Company Secretary after a handover period with the incumbent.
Ms Robinson is an experienced legal and company secretarial practitioner who has spent the last decade working within the inhouse legal teams of Vitol, Reckitt Benckiser, Bank of America Merrill Lynch and Hearst Magazines. She is currently a Non-Executive Director and Company Secretary of AQSE-quoted SulNox Group plc, a hydrocarbon fuel emulsification specialist focussed on emissions reduction and fuel savings.
The Directors of the issuer accept responsibility for the contents of this announcement.
For further information, contact: Walls & Futures REIT PLC 0333 700 7171 Joe McTaggart, Chief Executive Website www.wallsandfutures.com
Allenby Capital Limited (Corporate Adviser) Nick Harriss/James Reeve 020 3328 5656
Disclosure of Information Required Under Rule 4.9 of the AQSE Growth Market Access Rulebook Kiesha Mae Robinson Age 34 Ordinary Shares held - Nil Current Directorships SulNOx Group plc Noy Consulting Limited Former Directorships Luxury Cleaning Services Limited |
ISIN: | GB00BD04QG09 |
Category Code: | IR |
TIDM: | WAFR |
LEI Code: | 213800CJV93R1FPNT553 |
Sequence No.: | 133894 |
EQS News ID: | 1263924 |
End of Announcement | EQS News Service |
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