TIDMRESI

RNS Number : 1672D

Residential Secure Income PLC

17 October 2022

17 October 2022

Residential Secure Income plc

Share Purchases

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 Monday 17 October 2022, Robert Whiteman a Director of Residential Secure Income plc, purchased the following number of ordinary shares in the Company.

 
 PDMR               Date Acquired      Number of shares acquired 
 
 Robert Whiteman    17 October 2022      20,000 
                   -----------------  -------------------------- 
 

ReSI's Non-Executive Directors hold 316,998 ordinary shares. The total number of ordinary shares owned by the directors and former directors of the Investment Manager is 2,559,155. The Investment Manager also owns 3,647,399 ordinary shares directly. The Investment Manager and its current and former directors thus hold 6,523,552 ordinary shares, 3.52% 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 Whiteman 
     ------------------------------  ----------------------------------------- 
      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 
 
       Identification                  ISIN GB00BYSX1508 
       code 
     ------------------------------  ----------------------------------------- 
 b)   Nature of                       Purchase of shares 
       the transaction 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                      Price(s)                  Volume(s) 
       volume(s) 
                                         91.34 pence per           20,000 
                                         share 
     ------------------------------  -------------------------  -------------- 
 d)   Aggregated 
       information 
       - Aggregated                     20,000 
       volume 
       - Price                          Total Price: GBP18,268 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     17 October 2022 
       transaction 
     ------------------------------  ----------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  ----------------------------------------- 
 

- ENDS -

For further information, please contact:

 
  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 
 

NOTES:

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 p per share in FY 2022 [i] (paid quarterly) and a total return in excess of 8.0% per annum. As at 30 June 2022, including committed acquisitions, ReSI plc's portfolio comprises 3,291 properties, with an (unaudited) IFRS fair value of GBP389mn (paid quarterly) and a total return in excess of 8.0% per annum [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 GBP15mn of committed acquisitions.

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END

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(END) Dow Jones Newswires

October 17, 2022 12:42 ET (16:42 GMT)

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