TIDMRESI
RNS Number : 7724S
Residential Secure Income PLC
18 March 2021
18 March 2021
Residential Secure Income plc
Share Purchases
Residential Secure Income plc ("ReSI") (LSE: RESI), which
invests in affordable shared ownership, retirement and Local
Authority housing, announces that on Wednesday 17 March 2021,
Robert Gray a Non-Executive Director of ReSI, purchased the
following number of ordinary shares in the Company.
PDMR Date Acquired Number of shares acquired
Robert Gray 17 March 2021 48,596
--------------- --------------------------
ReSI's Non-Executive Directors now hold 216,998 ordinary shares.
The total number of ordinary shares owned by the directors and
former directors of the Investment Manager is 2,413,517. The
Investment Manager also owns 1,017,854 ordinary shares directly.
The Investment Manager and its current and former directors thus
hold 3,431,371 ordinary shares, 2.01% of shares in issue (excluding
shares held in treasury).
Notification and public disclosure of transactions by persons
discharging managerial responsibility and persons closely
associated with them
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Robert Gray
------------------------------ -----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Director
------------------------------ -----------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------ -----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-------------------------------------------------------------------------
a) Name Residential Secure Income plc
------------------------------ -----------------------------------------
b) LEI 213800D24WA531LAR763
------------------------------ -----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
-------------------------------------------------------------------------
a) Description Ordinary shares of 1 pence each
of the financial
instrument,
type of instrument
Identification ISIN GB00BYSX1508
code
------------------------------ -----------------------------------------
b) Nature of Purchase of shares
the transaction
------------------------------ -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
93.0 pence per 48,596
share
------------------------------ ------------------------- --------------
d) Aggregated
information
- Aggregated 48,596
volume
- Price Total Price: GBP45,226
------------------------------ -----------------------------------------
e) Date of the 17 March 2021
transaction
------------------------------ -----------------------------------------
f) Place of the London Stock Exchange
transaction
------------------------------ -----------------------------------------
FOR FURTHER INFORMATION, PLEASE CONTACT:
ReSI Capital Management Limited / Gresham
House Housing
Ben Fry
Alex Pilato
James Sly +44 (0) 20 7382 0900
NOTES:
Residential Secure Income plc (LSE: RESI) is a real estate
investment trust (REIT) listed on the premium segment of the Main
Market of the London Stock Exchange with the objective of
delivering secure inflation linked returns by investing in
affordable shared ownership, retirement and Local Authority housing
throughout the UK.
ReSI targets a secure, long-dated, inflation-linked dividend of
5.0 pence per share p.a. (paid quarterly) and a total return in
excess of 8.0% per annum. Including recent committed acquisitions,
ReSI's portfolio comprises 2,870 properties, with an (unaudited)
IFRS fair value of GBP329m.
ReSI aims to make a meaningful contribution to alleviating the
UK housing shortage by meeting demand from housing developers
(Housing Associations, Local Authorities and private developers)
for long-term investment partners to accelerate the development of
socially and economically beneficial new affordable housing.
ReSI's subsidiary, ReSI Housing Limited, is registered as a
for-profit Registered Provider of Social Housing, and so provides a
unique proposition to its housing developer partners, being a long
term private sector landlord within the social housing regulatory
environment. As a Registered Provider, ReSI Housing can acquire
affordable housing subject to s106 planning restrictions and
housing funded by government grant.
Acquisitions by ReSI are limited to homes with sufficient
cashflows, counterparty credit quality and property security to be
capable of supporting long--term investment grade equivalent debt.
ReSI does not manage or operate stock and uses experienced and
credit-worthy third-party managers.
ReSI is managed by ReSI Capital Management Limited, whose
immediate parent company, TradeRisks Limited, has been active
within the social housing sector for over 19 years as a funding
arranger and advisor and, over the last three years, as an investor
through ReSI.
ReSI Capital Management and its parent, TradeRisks, were
acquired by Gresham House plc in March 2020, further increasing the
investment expertise available to ReSI. The housing investment team
at Gresham House plc has 15 members and growing, with an average of
20 years' relevant experience, covering fund management, housing
investment, social housing management and financial and risk
expertise.
Gresham House plc is a London Stock Exchange quoted specialist
alternative asset manager committed to operating responsibly and
sustainably, taking the long view in delivering sustainable
investment solutions.
Further information on ReSI is available at
www.resi-reit.com
Further information on Gresham House plc is available at
www.greshamhouse.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLFSEVSITLIL
(END) Dow Jones Newswires
March 18, 2021 11:46 ET (15:46 GMT)
Residential Secure Income (LSE:RESI)
Historical Stock Chart
From Apr 2024 to May 2024
Residential Secure Income (LSE:RESI)
Historical Stock Chart
From May 2023 to May 2024
