REG - Residential Secure - Directorate Change

Residential Secure IncomeAnnouncement

05/12/2023 07:15

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RNS Number : 6381V  Residential Secure Income PLC  05 December 2023

5 December 2023

Residential Secure Income plc

 Directorate Change

 

The Board of Residential Secure Income plc ("ReSI" or the "Company") (LSE:
RESI) hereby announces that John Carleton has notified the Board of his
intention to retire as a Director of the Company. It has been agreed that John
Carleton's retirement will take effect on 22 February 2024, prior to the
Company's forthcoming Annual General Meeting. Accordingly, John Carleton will
not stand for re-election.

John Carleton commented "I have greatly enjoyed being a member of the Board
for the past 6 years. A large part of my professional career has been in the
provision of affordable housing. ReSI has been ground breaking in enabling
Housing Associations to free up their balance sheets in order to invest in
building more affordable housing."

The Chairman of the Board, Rob Whiteman commented "We would like to thank John
for everything he has done for the Company having been a member of the Board
since the Company listed in 2017."

The Board would like to express their appreciation to John Carleton for his
hugely valuable contribution to the Company during his tenure as Director. The
Board wish him well in his future endeavours.

In light of the current economic market, and the impact this has had on the
growth of the Company, the Board do not believe that at this time it would be
in the best interests of the Company and its members to incur the expense of
appointing an additional director.

Other than as set out above, there are no items requiring disclosure under
paragraph 9.6.13 of the UKLA's Listing Rules.

For further information, please contact:

 

 Gresham House Real Estate

 Ben Fry                    +44 (0) 20 7382 0900

 Sandeep Patel

 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

 

 

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 homeownership.

 

As at 30 September 2023 ReSI plc's portfolio comprises 3,295 properties, with
an audited IFRS fair value of £345mn(1)

 

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 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.

 

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
(http://www.resi-reit.com) , and further information on Gresham House is
available at www.greshamhouse.com (http://www.greshamhouse.com)

 

1. Excluding the finance lease gross up

 

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