PRS REIT Plc (GB:PRSR) has released an update.
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PRS REIT PLC, a UK-based real estate investment trust, has received a requisition letter from a group of shareholders holding over 17.3% of its issued share capital, calling for a general meeting to vote on the removal of two current independent non-executive Directors and the appointment of two new ones. The company is currently seeking advice on the validity of the requisition and will update the market in due course. This move reflects significant shareholder action aimed at reshaping the leadership of the company that specializes in the Private Rented Sector.
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