REG - Residential Secure - Director/PDMR Shareholding

Residential Secure IncomeAnnouncement

31/03/2023 15:30

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RNS Number : 0049V  Residential Secure Income PLC  31 March 2023

31 March 2023

Residential Secure Income plc

Share Sale and Purchase

 

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in
independent retirement living and shared ownership to deliver secure,
inflation-linked returns, announces that, on Thursday 30 March 2023 Benjamin
Fry, a Director of ReSI's Investment Manager, ReSI Capital Management Limited,
sold and purchased the following number of ordinary shares in the Company, in
order to transfer funds from one personal account to another.

 PDMR          Date           Transaction  Number of shares
 Benjamin Fry  30 March 2023               34,292

                              Sale
 Benjamin Fry  30 March 2023               34,292

                              Purchase

ReSI's Non-Executive Directors hold 509,088 ordinary shares. The total number
of ordinary shares owned by the directors and former directors of the
Investment Manager is 2,357,380. The Investment Manager also owns 3,794,306
ordinary shares directly. The Non-Executive Directors, Investment Manager and
its current and former directors thus hold 6,660,774 ordinary shares, c.3.6%
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                                    Sale of shares

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

                                                                   60 pence per share           34,292
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      34,292

                                                                  Total Price: £20,575.20
 e)  Date of the transaction                                      30 March 2023

 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                                    Purchase of shares

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

                                                                   60.087 pence per share       34,292
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      34,292

                                                                  Total Price: £20,605.03
 e)  Date of the transaction                                      30 March 2023

 f)  Place of the transaction                                     London Stock Exchange

 

 

 - ENDS -

 

 

For further information, please contact:

 

 ReSI Capital Management Limited / Gresham House Real Estate

 Ben Fry                                                      +44 (0) 20 7382 0900

 Brandon Holloway

 Peel Hunt LLP

 Luke Simpson                                                 +44 (0) 20 7418 8900

 Huw Jeremy

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

 Charles Gorman                                               +44 (0) 20 3995 6673

 Charlotte Francis

 Millie Steyn

 

About ReSI plc

 

Residential Secure Income plc ("ReSI 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 plc targets a secure, long-dated, inflation-linked dividend of 5.16 pence
per share p.a. i  (#_edn1) (paid quarterly) and a total return in excess of
8.0% per annum. As at 31 December 2022, including committed acquisitions, ReSI
plc's portfolio comprises 3,303 properties, with an (unaudited) IFRS fair
value of £364mn ii  (#_edn2) .

 

ReSI plc'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 plc'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.

 

About Gresham House and Gresham House Real Estate

 

Gresham House 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.

 

Gresham House Real Estate has an unparalleled track record in the affordable
housing sector over 20 years, with senior members having an average of c.30
years' experience.

 

Gresham House Real Estate offers long term equity investments into UK housing,
through listed and unlisted housing investment vehicles, each focused on
addressing different areas of the affordable housing problem. Each fund aims
to deliver stable and secure inflation-linked returns whilst providing social
and environmental benefits to its residents, the local community, and the
wider economy.

 

Further information on ReSI plc is available at www.resi-reit.com, and further
information on Gresham House is available at www.greshamhouse.com

 

 

 i  (#_ednref1) The dividend target and total return target are targets only
and are not profit forecasts. There can be no assurance that either target
will be met, and they should not be taken as an indication of the Company's
future results.

 

 ii  (#_ednref2) Excluding the finance lease gross up and including £2mn of
committed acquisitions.

 

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