Director/PDMR Shareholding

RNS Number : 9866G

Residential Secure Income PLC

01 April 2022

 

1 April 2022

Residential Secure Income plc

Share Purchase and Sale

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in independent retirement living and shared ownership to deliver secure, inflation-linked returns, announces that , Benjamin Fry on Thursday, 31 March 2022, 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
Benjamin Fry	31 March 2022	26,284

ReSI plc also announces that , Benjamin Fry on Thursday, 31 March 2022, a Director of ReSI's Investment Manager, ReSI Capital Management Limited, sold the following number of ordinary shares in the Company.

PDMR	Date Sold	Number of shares sold
Benjamin Fry	31 March 2022	26,284

ReSI's Non-Executive Directors hold 296,998 ordinary shares. The total number of ordinary shares owned by ReSI's Non-Executive Directors and the directors and former directors of the Investment Manager is 2,856,153. The Investment Manager also owns 1,443,427 ordinary shares directly. ReSI's Non-Executive Directors, the Investment Manager and its current and former directors thus hold 4,296,740 ordinary shares, 2.32% 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 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)  109.11 pence per share	Volume(s)  26,284
d)	Aggregated information - Aggregated volume - Price	26,284 Total Price: £28,678.47
e)	Date of the transaction	31 March 2022
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	Sale of shares
c)	Price(s) and volume(s)	Price(s)  109.00 pence per share	Volume(s)  26,284
d)	Aggregated information - Aggregated volume - Price	26,284 Total Price: £28,649.56
e)	Date of the transaction	31 March 2022
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	[e-mail] [phone]

Notes to Editors

Residential Secure Income 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 targets a secure, long-dated, inflation-linked dividend of 5.16 pence per share p.a. (paid quarterly) and a total return in excess of 8.0% per annum. Including recently committed acquisitions, ReSI's portfolio comprises 3,050 properties, with an (unaudited) IFRS fair value as at 31 December 2021 of £351m [i] .

ReSI'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'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 19 members and growing, with an average of 18 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 , and further information on Gresham House is available at   www.greshamhouse.com

 

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[i] excluding the finance lease gross up and including £7m of committed acquisitions

 

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