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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 Director/PDMR Shareholding (7107G)

19/03/2020 7:00am

UK Regulatory


Residential Secure Income (LSE:RESI)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Residential Secure Income Charts.

TIDMRESI

RNS Number : 7107G

Residential Secure Income PLC

18 March 2020

18(th) March 2020

Residential Secure Income plc (the "Company")

Share Purchases

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, announces that between 16 March 2020 and 18 March 2020 Robert Gray, Non-Executive Director of ReSI, Alex Pilato, Chief Executive of ReSI Capital Management Limited, ReSI's Investment Manager, James Sly, Financial Director of ReSI Capital Management Limited and Ben Fry, Managing Director of ReSI Capital Management Limited, purchased the following number of ordinary shares in the Company.

 
 Name           Shares purchased      Total shares 
                 between 16/03/2020    owned 
                 and 18/03/2020 
 Alex Pilato    32,136                1,251,690 
               --------------------  ------------- 
 Robert Gray    33,552                108,552 
               --------------------  ------------- 
 Ben Fry        24,843                100,000 
               --------------------  ------------- 
 James Sly      2,500                 2,500 
               --------------------  ------------- 
 

The total number of ordinary shares now owned by the directors of the Investment Manager is 2,413,517. The Investment Manager also owns 489,386 ordinary shares directly. The Investment Manager and its directors thus hold 2,902,903 ordinary shares, 1.77% of shares in issue (excluding shares held in treasury). ReSI's Non-Executive Directors hold 118,552 ordinary shares.

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                                     Alex Pilato 
     ---------------------------------------  ---------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status                          CEO of AIFM 
     ---------------------------------------  ---------------------------------- 
 b)                                            Initial notification 
        *    Initial notification/ Amendment 
     ---------------------------------------  ---------------------------------- 
 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                           Ordinary Shares of GBP0.01 
       the financial instrument,                GB00BYSX1508 
       type of instrument 
       Identification 
       code 
     ---------------------------------------  ---------------------------------- 
 b)   Nature of the transaction                Purchase of ordinary shares 
     ---------------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)                   Price(s)                Volume(s) 
                                                75.8 pence per share    26,386 
                                                74.5 pence per share    5,750 
     ---------------------------------------  ----------------------  ---------- 
 d)   Aggregated information                   Price(s)                Volume(s) 
       - Aggregated volume                      75.6 pence per share    32,136 
       - Price 
     ---------------------------------------  ----------------------  ---------- 
 e)   Date of the transaction(s)               16 March 2020 
                                                18 March 2020 
     ---------------------------------------  ---------------------------------- 
 f)   Place of the transaction                 London Stock Exchange 
     ---------------------------------------  ---------------------------------- 
 

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 
        *    Initial notification/ Amendment 
     ---------------------------------------  ---------------------------------- 
 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                           Ordinary Shares of GBP0.01 
       the financial instrument,                GB00BYSX1508 
       type of instrument 
       Identification 
       code 
     ---------------------------------------  ---------------------------------- 
 b)   Nature of the transaction                Purchase of ordinary shares 
     ---------------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)                   Price(s)                Volume(s) 
                                                74.9 pence per share    33,552 
     ---------------------------------------  ----------------------  ---------- 
 d)   Aggregated information                   Price(s)                Volume(s) 
       - Aggregated volume                      74.9 pence per share    33,552 
       - Price 
     ---------------------------------------  ----------------------  ---------- 
 e)   Date of the transaction                  18 March 2020 
     ---------------------------------------  ---------------------------------- 
 f)   Place of the transaction                 London Stock Exchange 
     ---------------------------------------  ---------------------------------- 
 

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                                     Benjamin Fry 
     ---------------------------------------  ---------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status                          Managing Director of AIFM 
     ---------------------------------------  ---------------------------------- 
 b)                                            Initial notification 
        *    Initial notification/ Amendment 
     ---------------------------------------  ---------------------------------- 
 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                           Ordinary Shares of GBP0.01 
       the financial instrument,                GB00BYSX1508 
       type of instrument 
       Identification 
       code 
     ---------------------------------------  ---------------------------------- 
 b)   Nature of the transaction                Purchase of ordinary shares 
     ---------------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)                   Price(s)                Volume(s) 
                                                75.0 pence per share    24,843 
     ---------------------------------------  ----------------------  ---------- 
 d)   Aggregated information                   Price(s)                Volume(s) 
       - Aggregated volume                      75.0 pence per share    24,843 
       - Price 
     ---------------------------------------  ----------------------  ---------- 
 e)   Date of the transaction                  17 March 2020 
     ---------------------------------------  ---------------------------------- 
 f)   Place of the transaction                 London Stock Exchange 
     ---------------------------------------  ---------------------------------- 
 

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                                     James Sly 
     ---------------------------------------  ---------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status                          Finance Director of AIFM 
     ---------------------------------------  ---------------------------------- 
 b)                                            Initial notification 
        *    Initial notification/ Amendment 
     ---------------------------------------  ---------------------------------- 
 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                           Ordinary Shares of GBP0.01 
       the financial instrument,                GB00BYSX1508 
       type of instrument 
       Identification 
       code 
     ---------------------------------------  ---------------------------------- 
 b)   Nature of the transaction                Purchase of ordinary shares 
     ---------------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)                   Price(s)                Volume(s) 
                                                74.8 pence per share    2,500 
     ---------------------------------------  ----------------------  ---------- 
 d)   Aggregated information                   Price(s)                Volume(s) 
       - Aggregated volume                      74.8 pence per share    2,500 
       - Price 
     ---------------------------------------  ----------------------  ---------- 
 e)   Date of the transaction                  18 March 2020 
     ---------------------------------------  ---------------------------------- 
 f)   Place of the transaction                 London Stock Exchange 
     ---------------------------------------  ---------------------------------- 
 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 ReSI Capital Management Limited / TradeRisks 
  Limited 
  Ben Fry 
  Alex Pilato 
  Mark Rogers 
  James Sly                                      +44 (0) 20 7382 0900 
 Jefferies International Limited 
  Stuart Klein 
  Gary Gould                                     +44 (0) 20 7029 8000 
                                                -------------------------------- 
 FTI Consulting                                   +44 (0) 20 3727 1000 
  Richard Sunderland                               Email: resi@fticonsulting.com 
  Claire Turvey 
  Richard Gotla 
                                                -------------------------------- 
 
 

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 committed c. GBP321 million, assembling a portfolio of 2,680 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.

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 GBP11 billion in the social housing, care and other specialist residential property sectors. TradeRisks Limited and ReSI Capital Management Limited were acquired on 4th March 2020 by Gresham House plc, the specialist alternative asset management business which is listed on the London Stock Exchange and now has c.GBP3 billion of assets under management.

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 creditworthy third party managers.

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

DSHFLFEAVFITLII

(END) Dow Jones Newswires

March 19, 2020 03:00 ET (07:00 GMT)

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