We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.80 | 1.59% | 51.20 | 50.20 | 51.80 | 51.00 | 51.00 | 51.00 | 252,414 | 16:35:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 41.3M | -23.15M | -0.1250 | -4.08 | 94.43M |
TIDMRESI
RNS Number : 7876Z
Residential Secure Income PLC
14 January 2020
14 January 2020
Residential Secure Income plc
Satisfaction of the Equity Portion of the Fund Management Fee
Residential Secure Income plc ("ReSI") (LSE: RESI) announces that, in accordance with the terms of the Fund Management Agreement with ReSI Capital Management Limited (the "Fund Manager") pursuant to which 25 per cent of the fund management fee is payable in the form of Ordinary Shares (the "Equity Portion") rather than cash, it has today purchased 116,600 Ordinary Shares in the secondary market (the "Fund Management Ordinary Shares") at an average price of 99.0 pence.
The Fund Management Ordinary Shares are subject to a minimum lock-in period of 12 months from 1 January 2020, being when the Fund Management Ordinary Shares became due and deliverable.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ReSI Capital Management Limited / TradeRisks Limited Ben Fry Alex Pilato Mark Rogers Jonathan Slater +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. GBP300 million, assembling a portfolio of 2,678 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 an 18 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.
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.
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
MSCMZGMMKDDGGZM
(END) Dow Jones Newswires
January 14, 2020 11:05 ET (16:05 GMT)
1 Year Residential Secure Income Chart |
1 Month Residential Secure Income Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions