REG - Residential Secure - Share Purchases

Jefferies FinancialAnnouncement

07/05/2019 08:05

RNS Number : 1199Y
Residential Secure Income PLC
07 May 2019
 


7 May 2019
 
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 on 2nd and 3rd May 2019 Mark Rogers, CEO of ReSI Housing Limited, Ben Fry, Managing Director of ReSI Capital Management Limited, ReSI's Investment Manager, and Alex Pilato, Chief Executive of TradeRisks Limited, the Investment Manager's parent company, purchased the following number of ordinary shares of 1p in the Company.
 




Name


Shares purchased on 03/05/2019


Total shares owned




Alex Pilato


25,463


653,529




Mark Rogers


10,371


10,371




Ben Fry


9,600


50,000




 
The total number of ordinary shares now owned by the directors of the Investment Manager is 1,528,900. The Investment Manager also owns 948,108 ordinary shares directly. The Investment Manager and its directors thus hold 2,477,008 shares, 1.45% of shares in issue (excluding shares held in treasury). 
 
FOR FURTHER INFORMATION, PLEASE CONTACT: 




     ReSI Capital Management Limited
     Ben Fry
     Jonathan Slater
     Alex Pilato
     Mark Rogers
     Richard Stubbs


+44 (0) 20 7382 0900




 


 




     Jefferies International Limited
     Stuart Klein
     Gary Gould


+44 (0) 20 7029 8000




 


 




FTI Consulting                                                                                        +44 (0) 20 3727 1000
Richard Sunderland                                                                                   Email: resi@fticonsulting.com
Claire Turvey
Richard Gotla
 
The Company's LEI is: 213800D24WA531LAR763
 
About Residential Secure Income plc
 
Residential Secure Income plc (LSE: RESI) is listed on the premium segment of the Official List of the UK Listing Authority and was admitted to trading on the Main Market of the London Stock Exchange in July 2017.
 
ReSI invests in shared ownership and rental portfolios of Homes across residential asset classes that comprise the stock of Housing Associations and Local Authorities throughout the UK. To date it has committed c. £300 million, comprising a portfolio of 2,674 properties, across a mixture of shared ownership, local authority and retirement housing.
 
ReSI is managed by ReSI Capital Management Limited, a wholly owned subsidiary of TradeRisks Limited which has an 18 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over £10 billion in the social housing, care and other specialist residential property sectors.
 
ReSI seeks to deliver secure, long-dated, inflation-linked income returns through investment in UK social housing. It aims to meet demand from housing developers (Housing Associations, Local Authorities and private developers) for long-term investment partners who support them to accelerate development of socially and economically beneficial new housing making a meaningful contribution to the UK housing shortage.
 
Homes acquired by ReSI are predominantly be on a freehold or long leasehold basis (typically 99 years or more to maturity) and benefit from long term (typically 20 years plus) inflation-adjusted cash flows. Acquisitions by ReSI are limited to homes with sufficient cashflows, counterparty credit quality and property security that allow the Fund Manager to arrange long-term investment grade equivalent debt.
 
Further information on ReSI is available at www.resi-reit.com 
 




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