TIDMRESI
RNS Number : 2761W
Residential Secure Income PLC
14 April 2023
14 April 2023
Residential Secure Income plc
PDMR Dealing
Residential Secure Income plc ("ReSI plc") (LSE: RESI), which
invests in independent retirement living and shared ownership to
deliver secure, inflation-linked returns, is managed by ReSI
Capital Management Limited (the "Investment Manager"). The ultimate
parent of the Investment Manager is Gresham House plc ("GHE").
On 12 April 2023, GHE awarded Benjamin Fry, a Director of the
Investment Manager and a PDMR of ReSI plc, GBP80,000 worth of
nil-cost options which can be settled in (a) shares in GHE, (b )
101,729 ReSI plc ordinary shares, or (c) cash.
The above award will be subject to a three-year vesting period
and is subject to the award holder remaining an employee and
satisfying the relevant conditions set out in the award
documentation.
Following the end of the vesting period and satisfaction of the
relevant conditions, the award holder can exercise the options.
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 Initial notification
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
ISIN GB00BYSX1508
Identification
code
-------------------------------- ---------------------------------------------------
b) Nature of Award of nil cost options by an associate of the
the transaction Investment Manager
-------------------------------- ---------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
Nil 101,729
-------------------------------- -------------------------- -----------------------
d) Aggregated
information
- Aggregated
volume N/A
- Price
-------------------------------- ---------------------------------------------------
e) Date of 1 2 April 2023
the transaction
-------------------------------- ---------------------------------------------------
f) Place of London Stock Exchange
the transaction
-------------------------------- ---------------------------------------------------
- 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 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
DSHFIFLASEISLIV
(END) Dow Jones Newswires
April 14, 2023 05:17 ET (09:17 GMT)
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