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
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
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END
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