REG - Residential Secure - Director/PDMR Shareholding
RNS Number : 7107GResidential Secure Income PLC18 March 202018th March 2020
Residential Secure Income plc (the "Company")
Share Purchases
Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, announces that between 16 March 2020 and 18 March 2020 Robert Gray, Non-Executive Director of ReSI, Alex Pilato, Chief Executive of ReSI Capital Management Limited, ReSI's Investment Manager, James Sly, Financial Director of ReSI Capital Management Limited and Ben Fry, Managing Director of ReSI Capital Management Limited, purchased the following number of ordinary shares in the Company.
Name
Shares purchased between 16/03/2020 and 18/03/2020
Total shares owned
Alex Pilato
32,136
1,251,690
Robert Gray
33,552
108,552
Ben Fry
24,843
100,000
James Sly
2,500
2,500
The total number of ordinary shares now owned by the directors of the Investment Manager is 2,413,517. The Investment Manager also owns 489,386 ordinary shares directly. The Investment Manager and its directors thus hold 2,902,903 ordinary shares, 1.77% of shares in issue (excluding shares held in treasury). ReSI's Non-Executive Directors hold 118,552 ordinary shares.
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
Alex Pilato
2
Reason for the notification
a)
Position/status
CEO 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
Purchase of ordinary shares
c)
Price(s) and volume(s)
Price(s)
75.8 pence per share
74.5 pence per share
Volume(s)
26,386
5,750
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
75.6 pence per share
Volume(s)
32,136
e)
Date of the transaction(s)
16 March 2020
18 March 2020
f)
Place of the transaction
London Stock Exchange
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
Non-Executive Director
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
Purchase of ordinary shares
c)
Price(s) and volume(s)
Price(s)
74.9 pence per share
Volume(s)
33,552
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
74.9 pence per share
Volume(s)
33,552
e)
Date of the transaction
18 March 2020
f)
Place of the transaction
London Stock Exchange
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
Managing 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
Purchase of ordinary shares
c)
Price(s) and volume(s)
Price(s)
75.0 pence per share
Volume(s)
24,843
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
75.0 pence per share
Volume(s)
24,843
e)
Date of the transaction
17 March 2020
f)
Place of the transaction
London Stock Exchange
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
James Sly
2
Reason for the notification
a)
Position/status
Finance 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
Purchase of ordinary shares
c)
Price(s) and volume(s)
Price(s)
74.8 pence per share
Volume(s)
2,500
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
74.8 pence per share
Volume(s)
2,500
e)
Date of the transaction
18 March 2020
f)
Place of the transaction
London Stock Exchange
FOR FURTHER INFORMATION, PLEASE CONTACT:
ReSI Capital Management Limited / TradeRisks Limited
Ben Fry
Alex Pilato
Mark Rogers
James Sly
+44 (0) 20 7382 0900
Jefferies International Limited
Stuart Klein
Gary Gould
+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. TradeRisks Limited and ReSI Capital Management Limited were acquired on 4th March 2020 by Gresham House plc, the specialist alternative asset management business which is listed on the London Stock Exchange and now has c.£3 billion of assets under management.
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
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.ENDDSHFLFEAVFITLII
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