REG - Residential Secure - Director/PDMR Shareholding

Jefferies FinancialAnnouncement

01/04/2022 13:45

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RNS Number : 9866G  Residential Secure Income PLC  01 April 2022

1 April 2022

Residential Secure Income plc

Share Purchase and Sale

 

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in
independent retirement living and shared ownership to deliver secure,
inflation-linked returns, announces that, Benjamin Fry on Thursday, 31 March
2022, 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
 Benjamin Fry  31 March 2022

                              26,284

ReSI plc also announces that, Benjamin Fry on Thursday, 31 March 2022, a
Director of ReSI's Investment Manager, ReSI Capital Management Limited, sold
the following number of ordinary shares in the Company.

 PDMR          Date Sold      Number of shares sold
 Benjamin Fry  31 March 2022

                              26,284

ReSI's Non-Executive Directors hold 296,998 ordinary shares. The total number
of ordinary shares owned by ReSI's Non-Executive Directors and the directors
and former directors of the Investment Manager is 2,856,153. The Investment
Manager also owns 1,443,427 ordinary shares directly. ReSI's Non-Executive
Directors, the Investment Manager and its current and former directors thus
hold 4,296,740 ordinary shares, 2.32% 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                                                         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  Ordinary shares of 1 pence each

     Identification code

                                                                  ISIN   GB00BYSX1508
 b)  Nature of the transaction                                    Purchase of shares

 c)  Price(s) and volume(s)                                        Price(s)                     Volume(s)

                                                                   109.11 pence per share       26,284
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      26,284

                                                                  Total Price: £28,678.47
 e)  Date of the transaction                                      31 March 2022

 f)  Place of the transaction                                     London Stock Exchange

 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  Ordinary shares of 1 pence each

     Identification code

                                                                  ISIN   GB00BYSX1508
 b)  Nature of the transaction                                    Sale of shares

 c)  Price(s) and volume(s)                                        Price(s)                     Volume(s)

                                                                   109.00 pence per share       26,284
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      26,284

                                                                  Total Price: £28,649.56
 e)  Date of the transaction                                      31 March 2022

 f)  Place of the transaction                                     London Stock Exchange

 

- ENDS -

 

 

For further information, please contact:

 

 ReSI Capital Management Limited / Gresham House Housing  +44 (0) 20 7382 0900

 Ben Fry

 Alex Pilato

 Jefferies International Limited

 Stuart Klein                                             +44 (0) 20 7029 8000

 Tom Yeadon

 KL Communications                                        gh@kl-communications.com (mailto:gh@kl-communications.com)

 Charles Gorman                                           +44 (0) 20 3995 6673

 

Notes to Editors

Residential Secure Income plc (LSE: RESI) is a real estate investment trust
(REIT) focused on delivering secure, inflation-linked returns with a focus on
two resident sub-sectors in UK residential - independent retirement rentals
and shared ownership - underpinned by an ageing demographic and untapped and
strong demand for affordable home ownership.

ReSI targets a secure, long-dated, inflation-linked dividend of 5.16 pence per
share p.a. (paid quarterly) and a total return in excess of 8.0% per annum.
Including recently committed acquisitions, ReSI's portfolio comprises 3,050
properties, with an (unaudited) IFRS fair value as at 31 December 2021 of
£351m i  (#_edn1) .

ReSI's purpose is to deliver affordable, high quality, safe homes with great
customer service and long-term stability of tenure for residents. We achieve
this through 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 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 19 members and growing,
with an average of 18 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
(http://www.resi-reit.com/) , and further information on Gresham House is
available at www.greshamhouse.com (http://www.greshamhouse.com)

 

 

 

 i  excluding the finance lease gross up and including £7m of committed
acquisitions

 

 

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