Update on the Retirement Disposal
Summary by AI BETAClose X
For immediate release
15 July 2026
Residential Secure Income plc
("RESI" or the "Company", and together with its subsidiaries, the "Group")
Update on the Retirement Disposal
Following the Company's announcement on 17 June 2026 of the conditional strategic sale by its wholly owned subsidiary, ReSI Portfolio Holdings Limited ("RPHL"), of the entire issued share capital of RHP Holdings Limited, the entity in the Group that holds, indirectly through its limited partnership interests in The Retirement Housing Partnership, the Group's retirement portfolio comprising 1,907 senior living rental flats and 256 housing manager flats, to Living REIT plc ("LIVE") (formerly known as Social Housing REIT plc (ticker: SOHO)) (the "Retirement Disposal"), and the Company's announcement on 8 July 2026 of the Result of General Meeting in respect of the Retirement Disposal, the Company is pleased to announce that the conditions to the Retirement Disposal have now been satisfied and, subject to admission of the Initial Consideration Shares (as defined below), completion of the Retirement Disposal will take place on 16 July 2026.
An aggregate of 66,103,233 newly issued LIVE ordinary shares of £0.01 each (the "Initial Consideration Shares") will be allotted and issued to RPHL and are expected to be admitted to the closed-ended funds segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities at 8.00 a.m. on 16 July 2026. It is expected that the Initial Consideration Shares will be distributed in specie to the Company's shareholders in due course. Details of the proposed distribution in specie of the Initial Consideration Shares, including the relevant record time, will be notified to the Company's shareholders through a regulatory information service.
For further information please contact:
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Gresham House Real Estate Mike Adams Sandeep Patel
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+44 (0) 20 7382 0900
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Peel Hunt LLP (Broker & Financial Adviser) Luke Simpson Huw Jeremy
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+44 (0) 20 7418 8900 |
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KL Communications Charles Gorman Henry Taylor |
+44 (0) 20 3882 6644 |
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