Residential Secure Income PLC Director/PDMR Shareholding (5246E)

TIDMRESI

RNS Number : 5246E

Residential Secure Income PLC

08 July 2021

8 July 2021

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 Thursday 8 July 2021, Robert Whiteman, a Director of ReSI and Diane Abeyawickrama, a Director of ReSI's Investment Manager, ReSI Capital Management Limited, purchased the following number of ordinary shares in the Company.

 
 PDMR                   Date Acquired    Number of shares acquired 
 
 Robert Whiteman        07 July 2021       30,000 
 
 Diane Abeyawickrama    06 July 2021       4,717 
                       ---------------  -------------------------- 
 

ReSI's Non-Executive Directors hold 246,998 ordinary shares. The total number of ordinary shares owned by the directors and former directors of the Investment Manager is 2,551,348. The Investment Manager also owns 1,122,118 ordinary shares directly. The Investment Manager and its current and former directors thus hold 3,920,464 ordinary shares, 2.29% 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 Whiteman 
     ------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                 Director of Residential Secure Income 
                                       plc 
     ------------------------------  ----------------------------------------- 
 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                     Ordinary shares of 1 pence each 
       of the financial 
       instrument, 
       type of instrument 
 
       Identification                  ISIN GB00BYSX1508 
       code 
     ------------------------------  ----------------------------------------- 
 b)   Nature of                       Purchase of shares 
       the transaction 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                      Price(s)                  Volume(s) 
       volume(s) 
                                         105.7404 pence            30,000 
                                         per share 
     ------------------------------  -------------------------  -------------- 
 d)   Aggregated 
       information 
       - Aggregated                     30,000 
       volume 
       - Price                          Total Price: GBP31,722.12 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     07 July 2021 
       transaction 
     ------------------------------  ----------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                            Diane Abeyawickrama 
     ------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                 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                     Ordinary shares of 1 pence each 
       of the financial 
       instrument, 
       type of instrument 
 
       Identification                  ISIN GB00BYSX1508 
       code 
     ------------------------------  ----------------------------------------- 
 b)   Nature of                       Purchase of shares 
       the transaction 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                      Price(s)                  Volume(s) 
       volume(s) 
                                         105.2015 pence            4,717 
                                         per share 
     ------------------------------  -------------------------  -------------- 
 d)   Aggregated 
       information 
       - Aggregated                     4,717 
       volume 
       - Price                          Total Price: GBP4,999.11 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     06 July 2021 
       transaction 
     ------------------------------  ----------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  ----------------------------------------- 
 

-S -

For further information, please contact:

 
  ReSI Capital Management Limited / Gresham 
   House Housing 
   Ben Fry 
   Alex Pilato                                  [phone] 
  Jefferies International Limited 
   Stuart Klein 
   Tom Yeadon                                     [phone] 
  KL Communications                             [e-mail] 
   Charles Gorman                                [phone] 
   Saurav Karia 
 

Notes to Editors

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% per annum. Including recent committed acquisitions, ReSI's portfolio comprises 3,060 properties, with an (unaudited) IFRS fair value of GBP346m [i] .

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 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 15 members and growing, with an average of 20 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.

[i] excluding the finance lease gross up and including committed acquisitions

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July 08, 2021 02:00 ET (06:00 GMT)