Residential Secure Income PLC Total Voting Rights (7875M)
01 August 2017 - 11:56PM
UK Regulatory
TIDMRESI
RNS Number : 7875M
Residential Secure Income PLC
01 August 2017
1 August 2017
RESIDENTIAL SECURE INCOME PLC
(the "Company")
Total Voting Rights
The following notification is made in accordance with the UK
Financial Conduct Authority Disclosure Guidance and Transparency
Rule 5.6.1.
On 31 July 2017, the issued share capital of the Company was
180,213,287 Ordinary Shares of GBP0.01 with voting rights. No
Ordinary Shares are held in Treasury. Therefore the total number of
voting rights in the Company is 180,213,287.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Company Secretary +44 20 3597 7900
Langham Hall UK Services Email: resi-cosec@langhamhall.com
LLP
NOTES:
The Company intends to invest in portfolios of Homes across
residential asset classes that comprise the stock of Housing
Associations and Local Authorities, comprising Shared Ownership
Homes, Market Rental Homes, Functional Homes and Sub-Market Rental
Homes throughout the UK.
Homes acquired by the Company will predominantly be on a
freehold or long leasehold basis (typically 99 years or more to
maturity) and benefit from long term (typically 20 years plus)
inflation-adjusted cash flows. Acquisitions by the Company will be
limited to Homes with sufficient cashflows, counterparty credit
quality and property security that allow the Fund Manager to
arrange long-term investment grade equivalent debt.
The Company is targeting, on a fully invested and geared basis,
a dividend yield of 5 per cent. per annum based on the issue price
of 100 pence per Ordinary Share, which the Company expects to
increase broadly in line with inflation, and a total return in
excess of 8 per cent. per annum(1) .
The Company expects to make a meaningful contribution to the UK
housing shortage by allowing Housing Associations and Local
Authorities to recycle capital into socially and economically
beneficial new housing.
Further information on Residential Secure Income plc is
available at www.resi-reit.com
1. This is a target only and not a profit forecast and there can
be no assurance that it will be met.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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