TIDMRESI
RNS Number : 0663U
Residential Secure Income PLC
23 March 2023
23 March 2023
Residential Secure Income plc
Share 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 Robert
Gray, a Director of ReSI and Antoine Pesenti, a Director of ReSI
Capital Management Limited (ReSI's fund manager), purchased the
following number of ordinary shares in the Company on Tuesday 21
March 2023 and Thursday 23 March 2023, respectively.
PDMR Date Acquired Number of shares acquired
Robert Gray 21 March 2023 86,923
Antoine Pesenti 23 March 2023 309,087
--------------- --------------------------
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
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Robert Gray
----------------------------- ------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Non-Executive Director
----------------------------- ------------------------------------------
b) Initial notification/ Initial notification
Amendment
----------------------------- ------------------------------------------
Details of the issuer, emission allowance market
3 participant, auction platform, auctioneer or auction
monitor
-------------------------------------------------------------------------
a) Name Residential Secure Income plc
----------------------------- ------------------------------------------
b) LEI 213800D24WA531LAR763
----------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 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
ISIN GB00BYSX1508
Identification
code
----------------------------- ------------------------------------------
b) Nature of Purchase of shares
the transaction
----------------------------- ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
1. 63.42 pence per 1. 39,418
share
2. 63.15 pence per 2. 47,505
share
----------------------------- ------------------------- ---------------
d) Aggregated
information
- Aggregated 86,923 ordinary shares
volume
- Aggregated Total Price: GBP54,998.30
price
----------------------------- ------------------------------------------
e) Date of the 21 March 2023
transaction
----------------------------- ------------------------------------------
f) Place of the London Stock Exchange
transaction
----------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Antoine Pesenti
-------------------------- ---------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Director of AIFM
-------------------------- ---------------------------------------------
b) Initial notification/ Initial notification
Amendment
-------------------------- ---------------------------------------------
Details of the issuer, emission allowance market
3 participant, auction platform, auctioneer or auction
monitor
-------------------------------------------------------------------------
a) Name Residential Secure Income plc
-------------------------- ---------------------------------------------
b) LEI 213800D24WA531LAR763
-------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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)
1. 62.7 pence per 1. 309,087
share
-------------------------- ----------------------------- --------------
d) Aggregated
information 309,087 ordinary shares
- Aggregated
volume Total Price: GBP193,797.55
- Aggregated
price
-------------------------- ---------------------------------------------
e) Date of the 23 March 2023
transaction
-------------------------- ---------------------------------------------
f) Place of the London Stock Exchange
transaction
-------------------------- ---------------------------------------------
-S -
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 gh@kl-communications.com
Charles Gorman +44 (0) 20 3995 6673
Charlotte Francis
Millie Steyn
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 GBP364mn
[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 GBP2mn
of committed acquisitions.
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END
DSHFLFLRVSIVFIV
(END) Dow Jones Newswires
March 23, 2023 12:17 ET (16:17 GMT)
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