31 March 2023
Residential Secure Income plc
Share Sale and Purchase
Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in independent retirement living and shared ownership to deliver secure, inflation-linked returns, announces that, on Thursday 30 March 2023 Benjamin Fry, a Director of ReSI's Investment Manager, ReSI Capital Management Limited, sold and purchased the following number of ordinary shares in the Company, in order to transfer funds from one personal account to another.
| PDMR | Date | Transaction | Number of shares |
| Benjamin Fry | 30 March 2023 |
Sale | 34,292 |
| Benjamin Fry | 30 March 2023 |
Purchase | 34,292 |
ReSI's Non-Executive Directors hold 509,088 ordinary shares. The total number of ordinary shares owned by the directors and former directors of the Investment Manager is 2,357,380. The Investment Manager also owns 3,794,306 ordinary shares directly. The Non-Executive Directors, Investment Manager and its current and former directors thus hold 6,660,774 ordinary shares, c.3.6% 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
| Benjamin Fry | |
| 2 | Reason for the notification
| ||
| a) | Position/status
| Director of AIFM | |
| b) | Initial notification/ Amendment
| Initial notification | |
| 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 the financial instrument, type of instrument
Identification code
| Ordinary shares of 1 pence each
ISIN GB00BYSX1508 | |
| b) | Nature of the transaction
| Sale of shares
| |
| c) | Price(s) and volume(s)
| Price(s) 60 pence per share | Volume(s) 34,292 |
| d) | Aggregated information - Aggregated volume - Price
|
34,292
Total Price: £20,575.20 | |
| e) | Date of the transaction
| 30 March 2023 | |
| f) | Place of the transaction
| London Stock Exchange | |
|
|
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
| a) | Name
| Benjamin Fry | |
| 2 | Reason for the notification
| ||
| a) | Position/status
| Director of AIFM | |
| b) | Initial notification/ Amendment
| Initial notification | |
| 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 the financial instrument, type of instrument
Identification code
| Ordinary shares of 1 pence each
ISIN GB00BYSX1508 | |
| b) | Nature of the transaction
| Purchase of shares
| |
| c) | Price(s) and volume(s)
| Price(s) 60.087 pence per share | Volume(s) 34,292 |
| d) | Aggregated information - Aggregated volume - Price
|
34,292
Total Price: £20,605.03 | |
| e) | Date of the transaction
| 30 March 2023 | |
| f) | Place of the transaction
| London Stock Exchange | |
- ENDS -
For further information, please contact:
| ReSI Capital Management Limited / Gresham House Real Estate Ben Fry Brandon Holloway
|
+44 (0) 20 7382 0900
|
| Peel Hunt LLP Luke Simpson Huw Jeremy
|
+44 (0) 20 7418 8900 |
| KL Communications Charles Gorman Charlotte Francis Millie Steyn | +44 (0) 20 3995 6673
|
About ReSI plc
Residential Secure Income plc ("ReSI plc" LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns with a focus on two resident sub-sectors in UK residential - independent retirement rentals and shared ownership - underpinned by an ageing demographic and untapped and strong demand for affordable home ownership.
ReSI plc targets a secure, long-dated, inflation-linked dividend of 5.16 pence per share p.a.[i] (paid quarterly) and a total return in excess of 8.0% per annum. As at 31 December 2022, including committed acquisitions, ReSI plc's portfolio comprises 3,303 properties, with an (unaudited) IFRS fair value of £364mn[ii].
ReSI plc's purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through 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 affordable housing.
ReSI plc'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.
About Gresham House and Gresham House Real Estate
Gresham House 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.
Gresham House Real Estate has an unparalleled track record in the affordable housing sector over 20 years, with senior members having an average of c.30 years' experience.
Gresham House Real Estate offers long term equity investments into UK housing, through listed and unlisted housing investment vehicles, each focused on addressing different areas of the affordable housing problem. Each fund aims to deliver stable and secure inflation-linked returns whilst providing social and environmental benefits to its residents, the local community, and the wider economy.
Further information on ReSI plc is available at www.resi-reit.com, and further information on Gresham House is available at www.greshamhouse.com
[i] The dividend target and total return target are targets only and are not profit forecasts. There can be no assurance that either target will be met, and they should not be taken as an indication of the Company's future results.
[ii] Excluding the finance lease gross up and including £2mn of committed acquisitions.
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