TIDMRESI
RNS Number : 1452P
Residential Secure Income PLC
14 October 2021
14 October 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 , Diane Abeyawickrama on Thursday
7 October 2021, a Director of ReSI's Investment Manager, ReSI
Capital Management Limited, purchased the following number of
ordinary shares in the Company.
PDMR Date Acquired Number of shares acquired
Diane Abeyawickrama 07 October 2021 4,967
----------------- --------------------------
ReSI's Non-Executive Directors hold 246,998 ordinary shares. The
total number of ordinary shares owned by the directors and former
directors of the Investment Manager is 2,556,315. The Investment
Manager also owns 1,337,935 ordinary shares directly. The
Investment Manager and its current and former directors thus hold
4,141,248 ordinary shares, 2.42% 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 Diane Abeyawickrama
------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Director of AIFM
------------------------------- ----------------------------------------
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)
99.9051 pence 4,967
per share
------------------------------- ----------------------- ---------------
d) Aggregated
information
- Aggregated 4,967
volume
- Price Total Price: GBP4,962.29
------------------------------- ----------------------------------------
e) Date of the 7 October 2021
transaction
------------------------------- ----------------------------------------
f) Place of the London Stock Exchange
transaction
------------------------------- ----------------------------------------
- ENDS -
For further information, please contact:
ReSI Capital Management Limited / Gresham
House Housing
Ben Fry
Alex Pilato +44 (0) 20 7382 0900
Jefferies International Limited
Stuart Klein
Tom Yeadon +44 (0) 20 7029 8000
KL Communications gh@kl-communications.com
Charles Gorman +44 (0) 20 3995 6673
Will Sanderson
Millie Steyn
Notes to Editors
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 3,059 properties, with an (unaudited)
IFRS fair value of GBP348m [i] .
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 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 20 years as a funding
arranger and advisor and, over the last four years, as an investor
through ReSI.
ReSI Capital Management and its parent, TradeRisks, were
acquired by Gresham House in March 2020, further increasing the
investment expertise available to ReSI. The housing investment team
at Gresham House 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 is available at
www.greshamhouse.com
[i] excluding the finance lease gross up and including committed
acquisitions
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
DSHFLFIEIRLSLIL
(END) Dow Jones Newswires
October 14, 2021 11:08 ET (15:08 GMT)
Residential Secure Income (LSE:RESI)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Residential Secure Income (LSE:RESI)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
