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Last checked at 
18 Aug 2020 17:07
18 August 2020
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 13 August 2020 Elaine Bailey, Non-Executive Director of ReSI, purchased the following number of ordinary shares in the Company.
PDMR | Date Acquired | Number of shares acquired |
Elaine Bailey | 13 August 2020 | 5,000 |
ReSI's Non-Executive Directors now hold 168,552 ordinary shares. The total number of ordinary shares owned by the directors and former directors of the Investment Manager is 2,413,517. The Investment Manager also owns 752,989 ordinary shares directly. The Investment Manager and its current and former directors thus hold 3,166,506 ordinary shares, 1.95% 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
| Elaine Bailey | |
2 | Reason for the notification
| ||
a) | Position/status
| 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) 88.0 pence per share | Volume(s) 5,000 |
d) | Aggregated information - Aggregated volume - Price
|
5,000 Total Price: £4,400 | |
e) | Date of the transaction
| 13 August 2020 | |
f) | Place of the transaction
| London Stock Exchange | |
FOR FURTHER INFORMATION, PLEASE CONTACT:
ReSI Capital Management Limited / TradeRisks Limited Ben Fry Alex Pilato James Sly
| +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% p.a. and has to date deployed £305 million, assembling a portfolio of 2,718 properties.
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, a wholly-owned subsidiary of TradeRisks Limited which has a 19 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over £11 billion in the social housing, care and other specialist residential property sectors.
TradeRisks Limited and ReSI Capital Management Limited were acquired on 4 March 2020 by Gresham House plc, the specialist alternative asset management business which is listed on the London Stock Exchange and now has c.£3.3 billion of assets under management. Gresham House plc provides funds, direct investments and tailored investment solutions, including co-investment across a range of highly differentiated alternative investment strategies. The Group's expertise includes timber, renewable energy, housing and infrastructure, strategic public and private equity (private assets). It aims to deliver sustainable financial returns and is committed to building long-term partnerships with clients (institutions, family offices, high-net-worth individuals, charities and endowments and private individuals) to help them achieve their financial goals. Shareholder value creation will be driven by long-term growth in earnings as a result of increasing AUM and returns from invested capital.
Further information on ReSI is available at www.resi-reit.com
Further information on Gresham House is available at www.greshamhouse.com
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