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 0.45% 90.00 88.00 90.00 90.00 89.20 89.20 76,907 16:27:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 32.2 2.4 1.4 64.3 162

Residential Secure Income PLC Director/PDMR Shareholding

18/08/2020 5:07pm

UK Regulatory (RNS & others)

Residential Secure Income (LSE:RESI)
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From Jul 2020 to Jan 2021

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RNS Number : 5030W

Residential Secure Income PLC

18 August 2020

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/           Initial notification 
     ------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
 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                     Ordinary shares of 1 pence each 
       of the financial 
       type of instrument 
                                       ISIN GB00BYSX1508 
     ------------------------------  ----------------------------------------- 
 b)   Nature of the                   Purchase of shares 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                      Price(s)                  Volume(s) 
                                         88.0 pence per            5,000 
     ------------------------------  -------------------------  -------------- 
 d)   Aggregated 
       - Aggregated                     5,000 
       volume                           Total Price: GBP4,400 
       - Price 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     13 August 2020 
     ------------------------------  ----------------------------------------- 
 f)   Place of the                    London Stock Exchange 
     ------------------------------  ----------------------------------------- 


  ReSI Capital Management Limited / TradeRisks 
   Ben Fry 
   Alex Pilato 
   James Sly                                        +44 (0) 20 7382 0900 


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 GBP305 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 GBP11 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.GBP3.3 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

Further information on Gresham House is available at

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 or visit



(END) Dow Jones Newswires

August 18, 2020 12:07 ET (16:07 GMT)

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