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RESI Residential Secure Income Plc

53.40
0.40 (0.75%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Residential Secure Income Plc LSE:RESI London Ordinary Share GB00BYSX1508 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.40 0.75% 53.40 53.40 54.00 53.40 53.40 53.40 211,073 16:29:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 41.3M -23.15M -0.1250 -4.27 98.88M

Residential Secure Income PLC Transaction in Own Shares (7649B)

25/09/2018 7:00am

UK Regulatory


Residential Secure Income (LSE:RESI)
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From Mar 2019 to Mar 2024

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TIDMRESI

RNS Number : 7649B

Residential Secure Income PLC

25 September 2018

25 September 2018

Residential Secure Income plc (the "Company")

Transaction in Own Shares

The Company announces that it has purchased the following number of its ordinary shares of GBP0.01 each (the "Shares"):

   Date of purchase:                               24 September 2018 
   Number of Shares purchased:            50,005 
   Highest price paid per Share:             94.60 pence 
   Lowest price paid per Share:              94.40 pence 
   Average price paid per Share:            94.40 pence 

The Shares repurchased will be held in treasury. As a result of the above transaction, the Company holds 5,299,942 Shares in treasury.

Following the above purchase, the total number of Shares in issue is 175,024,435 (excluding Shares held in treasury). This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
  ReSI Capital Management Limited 
   Jonathan Slater 
   Ben Fry 
   Alex Pilato                       +44 (0) 20 7382 0900 
 
  Jefferies International Limited 
   Stuart Klein 
   Gary Gould                        +44 (0) 20 7029 8000 
 
 

FTI Consulting +44 (0) 20 3737 1000

Richard Sunderland Email: resi@fticonsulting.com

Claire Turvey

Richard Gotla

NOTES:

Residential Secure Income plc (LSE: RESI) is listed on the premium segment of the Official List of the UK Listing Authority and was admitted to trading on the Main Market of the London Stock Exchange in July 2017.

ReSI has been established to invest in portfolios of Homes across residential asset classes that comprise the stock of Housing Associations and Local Authorities, comprising Shared Ownership Homes and Rental Homes (being Market Rental Homes, Functional Homes and Sub-Market Rental Homes) throughout the UK.

ReSI is managed by ReSI Capital Management Limited, a wholly owned subsidiary of TradeRisks Limited which has a 17 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over GBP10 billion in the social housing, care and other specialist residential property sectors.

ReSI seeks to deliver secure, long-dated, inflation-linked income returns through investment in UK social housing. It aims to meet demand from Housing Associations and Local Authorities for alternative equity-like financing sources that allows them to recycle capital back into socially and economically beneficial new housing, making a meaningful contribution to the UK housing shortage.

Homes acquired by ReSI will predominantly be on a freehold or long leasehold basis (typically 99 years or more to maturity) and benefit from long term (typically 20 years plus) inflation-adjusted cash flows. Acquisitions by ReSI will be limited to Homes with sufficient cashflows, counterparty credit quality and property security that allow the Fund Manager to arrange long-term investment grade equivalent debt.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

POSSEIFILFASEIU

(END) Dow Jones Newswires

September 25, 2018 02:00 ET (06:00 GMT)

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