Re Fund Management Fee

RNS Number : 1146E
Residential Secure Income PLC
02 July 2019
 

2 July 2019

Residential Secure Income plc

Satisfaction of the Equity Portion of the Fund Management Fee

 

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable Shared Ownership, retirement and Local Authority housing, announces that, in accordance with the terms of the Fund Management Agreement with ReSI Capital Management Limited (the "Fund Manager") pursuant to which 25 per cent of the fund management fee is payable in the form of Ordinary Shares (the "Equity Portion") rather than cash, it has purchased on 1 July 2019 123,664 Ordinary Shares in the secondary market (the "Fund Management Ordinary Shares") at an average price of 94.0 pence.

 

The Fund Management Ordinary Shares are subject to a minimum lock-in period of 12 months from 1 July 2019, being when the Fund Management Ordinary Shares became due and deliverable.

 

               

FOR FURTHER INFORMATION, PLEASE CONTACT: 

 

 

ReSI Capital Management Limited / TradeRisks Limited

Ben Fry

Alex Pilato

Mark Rogers

Jonathan Slater

Richard Stubbs

+44 (0) 20 7382 0900

 

 

 

Jefferies International Limited

Stuart Klein

Gary Gould

+44 (0) 20 7029 8000

FTI Consulting               

Richard Sunderland

Claire Turvey

Richard Gotla

+44 (0) 20 3727 1000

Email: resi@fticonsulting.com

 

NOTES:

ReSI does not manage or operate stock and uses experienced and credit-worthy third party managers.

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

 


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