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Residential Secure (RESI)

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Monday 12 April, 2021

Residential Secure

PDMR/Director Shareholding

RNS Number : 0487V
Residential Secure Income PLC
12 April 2021
 

12 April 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 Wednesday 07 April 2021, Antoine Pesenti and Benjamin Fry, both Directors 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

Antoine Pesenti

07 April 2021

 

105,912

Benjamin Fry

07 April 2021

 

25,000

ReSI's Non-Executive Directors hold 216,998 ordinary shares. The total number of ordinary shares owned by the directors and former directors of the Investment Manager is 2,544,429. The Investment Manager also owns 1,135,589 ordinary shares directly. The Investment Manager and its current and former directors thus hold 3,680,018 ordinary shares, 2.15% 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

 

Antoine Pesenti

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)

 93.5 pence per share

 93.6 pence per share

  Volume(s)

 75,982

  29,930

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

105,912

 

Total Price: £99,057.65

e)

Date of the transaction

 

07 April 2021

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

 

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)

 93.4 pence per share

  Volume(s)

 25,000

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

25,000

 

Total Price: £23,350

e)

Date of the transaction

 

07 April 2021

f)

Place of the transaction

 

London Stock Exchange

 

FOR FURTHER INFORMATION, PLEASE CONTACT: 

 

ReSI Capital Management Limited / Gresham House Housing

Ben Fry

Alex Pilato

 

+44 (0) 20 7382 0900

 

 

 

 

NOTES:

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 3,060 properties, with an (unaudited) IFRS fair value of £345m.

 

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 third-party 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 three years, as an investor through ReSI.

 

ReSI Capital Management and its parent, TradeRisks, were acquired by Gresham House plc in March 2020, further increasing the investment expertise available to ReSI. The housing investment team at Gresham House plc 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.

 

Further information on ReSI is available at  www.resi-reit.com  

 

Further information on Gresham House plc is available at  www.greshamhouse.com

 

 

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