Director/PDMR Shareholding

RNS Number : 5246E

Residential Secure Income PLC

08 July 2021

 

8 July 2021

Residential Secure Income plc

Share Purchases

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, announces that on Thursday 8 July 2021, Robert Whiteman, a Director of ReSI and Diane Abeyawickrama, 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
Robert Whiteman	07 July 2021	30,000
Diane Abeyawickrama	06 July 2021	4,717

ReSI's Non-Executive Directors hold 246,998 ordinary shares. The total number of ordinary shares owned by the directors and former directors of the Investment Manager is 2,551,348. The Investment Manager also owns 1,122,118 ordinary shares directly. The Investment Manager and its current and former directors thus hold 3,920,464 ordinary shares, 2.29% 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	Robert Whiteman
2	Reason for the notification
a)	Position/status	Director of Residential Secure Income plc
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 1 pence each ISIN GB00BYSX1508
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)  105.7404 pence per share	Volume(s)  30,000
d)	Aggregated information - Aggregated volume - Price	30,000 Total Price: £31,722.12
e)	Date of the transaction	07 July 2021
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Diane Abeyawickrama
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 Identification code	Ordinary shares of 1 pence each ISIN GB00BYSX1508
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s)  105.2015 pence per share	Volume(s)  4,717
d)	Aggregated information - Aggregated volume - Price	4,717 Total Price: £4,999.11
e)	Date of the transaction	06 July 2021
f)	Place of the transaction	London Stock Exchange

- ENDS -

For further information, please contact:

ReSI Capital Management Limited / Gresham House Housing Ben Fry Alex Pilato	[phone]
Jefferies International Limited Stuart Klein Tom Yeadon	[phone]
KL Communications Charles Gorman Saurav Karia	[e-mail] [phone]

Notes to Editors

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% per annum. Including recent committed acquisitions, ReSI's portfolio comprises 3,060 properties, with an (unaudited) IFRS fair value of £346m [i] .

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.

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 15 members and growing, with an average of 20 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.

 

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[i] excluding the finance lease gross up and including committed acquisitions

 

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