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Last checked at 
20 Jan 2022 15:36
19 January 2022
Residential Secure Income plc
Share Purchases
Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in independent retirement living and shared ownership to deliver secure, inflation-linked returns, announces that, Robert Gray on Wednesday 19 January 2022, a Director of Residential Secure Income plc, purchased the following number of ordinary shares in the Company.
PDMR | Date Acquired | Number of shares acquired |
Robert Gray | 19 January 2022 |
50,000 |
ReSI's Non-Executive Directors hold 296,998 ordinary shares. The total number of ordinary shares owned by the directors and former directors of the Investment Manager is 2,853,313. The Investment Manager also owns 1,443,427 ordinary shares directly. The Investment Manager and its current and former directors thus hold 4,296,740 ordinary shares, 2.51% 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 Gray | |
2 | Reason for the notification
| ||
a) | Position/status
| Non-Executive Director | |
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) 110.985 pence per share | Volume(s) 50,000 |
d) | Aggregated information - Aggregated volume - Price
|
50,000
Total Price: £55,492.50 | |
e) | Date of the transaction
| 19 January 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
| +44 (0) 20 7382 0900
|
Jefferies International Limited Stuart Klein Tom Yeadon
|
+44 (0) 20 7029 8000 |
KL Communications Charles Gorman Will Sanderson Millie Steyn | gh@kl-communications.com +44 (0) 20 3995 6673
|
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 5.0 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 3,051 properties, with an (unaudited) IFRS fair value as at 30 September 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
[i] excluding the finance lease gross up and including committed acquisitions
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