REG - Residential Secure - Director/PDMR Shareholding

Jefferies FinancialAnnouncement

09/03/2020 18:25

RNS Number : 5061F
  
Residential Secure Income PLC
  
09 March 2020
  
 

9 March 2020
 
Residential Secure Income plc 
 
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


Alejandro Pilato




 
2


Reason for the notification




a)


Position/status


Director of AIFM




b)


•   Initial notification/ Amendment


Initial notification 




 
 
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 of the financial instrument, type of instrument
 
Identification code


Ordinary Shares of £0.01
 
 
GB00BYSX1508 




b)


Nature of the transaction


The purchase of Ordinary Shares in the issuer previously issued to ReSI Capital Management Ltd in lieu of fees for providing investment management services to Residential Secure Income plc.  The transaction follows the purchase of ReSI Capital Management Ltd's parent, TradeRisks Ltd, by Gresham House plc on 5 March 2020. 




c)


Price(s) and volume(s)


Price(s)          
 
94.6 pence per share


Volume(s)
 
566,025




d)


Aggregated information
- Aggregated volume
- Price


Price(s)          
 
94.6 pence per share 


Volume(s)
 
566,025




e)


Date of the transaction


5 March 2020




f)


Place of the transaction


Outside a trading venue




 
 
 
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


Antoine Pesenti




2


Reason for the notification




a)


Position/status


Director of AIFM




b)


•   Initial notification/ Amendment


Initial notification 




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 of the financial instrument, type of instrument
 
Identification code


Ordinary Shares of £0.01
 
 
GB00BYSX1508 




b)


Nature of the transaction


The purchase of Ordinary Shares in the issuer previously issued to ReSI Capital Management Ltd in lieu of fees for providing investment management services to Residential Secure Income plc.  The transaction follows the purchase of ReSI Capital Management Ltd's parent, TradeRisks Ltd, by Gresham House plc on 5 March 2020. 




c)


Price(s) and volume(s)


Price(s)          
 
94.6 pence per share


Volume(s)
 
120,751




d)


Aggregated information
- Aggregated volume
- Price


Price(s)          
 
94.6 pence per share 


Volume(s)
 
120,751




e)


Date of the transaction


5 March 2020




f)


Place of the transaction


Outside a trading venue




 
 
 
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


Jonathan Slater/Olga Slater




2


Reason for the notification




a)


Position/status


Director of AIFM




b)


•   Initial notification/ Amendment


Initial notification 




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 of the financial instrument, type of instrument
 
Identification code


Ordinary Shares of £0.01
 
 
GB00BYSX1508 




b)


Nature of the transaction


The purchase of Ordinary Shares in the issuer previously issued to ReSI Capital Management Ltd in lieu of fees for providing investment management services to Residential Secure Income plc.  The transaction follows the purchase of ReSI Capital Management Ltd's parent, TradeRisks Ltd, by Gresham House plc on 5 March 2020. 




c)


Price(s) and volume(s)


Price(s)          
 
94.6 pence per share


Volume(s)
 
113,205




d)


Aggregated information
- Aggregated volume
- Price


Price(s)          
 
94.6 pence per share 


Volume(s)
 
113,205




e)


Date of the transaction


5 March 2020




f)


Place of the transaction


Outside a trading venue




 
 
 
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


Benjamin Fry




2


Reason for the notification




a)


Position/status


Director of AIFM




b)


•   Initial notification/ Amendment


Initial notification 




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 of the financial instrument, type of instrument
 
Identification code


Ordinary Shares of £0.01
 
 
GB00BYSX1508 




b)


Nature of the transaction


The purchase of Ordinary Shares in the issuer previously issued to ReSI Capital Management Ltd in lieu of fees for providing investment management services to Residential Secure Income plc.  The transaction follows the purchase of ReSI Capital Management Ltd's parent, TradeRisks Ltd, by Gresham House plc on 5 March 2020. 




c)


Price(s) and volume(s)


Price(s)          
 
94.6 pence per share


Volume(s)
 
25,157




d)


Aggregated information
- Aggregated volume
- Price


Price(s)          
 
94.6 pence per share 


Volume(s)
 
25,157




e)


Date of the transaction


5 March 2020




f)


Place of the transaction


Outside a trading venue




 
-End-
 
FOR FURTHER INFORMATION, PLEASE CONTACT: 
 




ReSI Capital Management Limited / TradeRisks Limited
Ben Fry
Alex Pilato
Mark Rogers
James Sly
 
 


+44 (0) 20 7382 0900
 
 
 




KPMG Corporate Finance  
Raj Mehta
Sam Friel 
 
Jefferies International Limited
Stuart Klein
Gary Gould
 


+44 (0) 20 7311 1000
 
 
 
+44 (0) 20 7029 8000




FTI Consulting  
Richard Sunderland
Claire Turvey
Richard Gotla


 
+44 (0) 20 3727 1000
Email: resi@fticonsulting.com




 
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% p.a. and has to date committed c. £321 million, assembling a portfolio of 2,680 properties.
 
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.
 
ReSI is managed by ReSI Capital Management Limited, a wholly owned subsidiary of TradeRisks Limited which has a 19 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over £11 billion in the social housing, care and other specialist residential property sectors.
 
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 creditworthy third party managers.
 
Further information on ReSI is available at www.resi-reit.com 
 
 


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  END
 
 
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