Director's Dealing • Mar 9, 2020
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 5061F
Residential Secure Income PLC
09 March 2020
9 March 2020
Residential Secure Income plc
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 | Alejandro Pilato | |
| 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 £0.01 GB00BYSX1508 |
|
| b) | Nature of the transaction | The purchase of Ordinary Shares in the issuer previously issued to ReSI Capital Management Ltd in lieu of fees for providing investment management services to Residential Secure Income plc. The transaction follows the purchase of ReSI Capital Management Ltd's parent, TradeRisks Ltd, by Gresham House plc on 5 March 2020. | |
| c) | Price(s) and volume(s) | Price(s) 94.6 pence per share |
Volume(s) 566,025 |
| d) | Aggregated information - Aggregated volume - Price |
Price(s) 94.6 pence per share |
Volume(s) 566,025 |
| e) | Date of the transaction | 5 March 2020 | |
| f) | Place of the transaction | Outside a trading venue |
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 | Antoine Pesenti | |
| 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 £0.01 GB00BYSX1508 |
|
| b) | Nature of the transaction | The purchase of Ordinary Shares in the issuer previously issued to ReSI Capital Management Ltd in lieu of fees for providing investment management services to Residential Secure Income plc. The transaction follows the purchase of ReSI Capital Management Ltd's parent, TradeRisks Ltd, by Gresham House plc on 5 March 2020. | |
| c) | Price(s) and volume(s) | Price(s) 94.6 pence per share |
Volume(s) 120,751 |
| d) | Aggregated information - Aggregated volume - Price |
Price(s) 94.6 pence per share |
Volume(s) 120,751 |
| e) | Date of the transaction | 5 March 2020 | |
| f) | Place of the transaction | Outside a trading venue |
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 | Jonathan Slater/Olga Slater | |
| 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 £0.01 GB00BYSX1508 |
|
| b) | Nature of the transaction | The purchase of Ordinary Shares in the issuer previously issued to ReSI Capital Management Ltd in lieu of fees for providing investment management services to Residential Secure Income plc. The transaction follows the purchase of ReSI Capital Management Ltd's parent, TradeRisks Ltd, by Gresham House plc on 5 March 2020. | |
| c) | Price(s) and volume(s) | Price(s) 94.6 pence per share |
Volume(s) 113,205 |
| d) | Aggregated information - Aggregated volume - Price |
Price(s) 94.6 pence per share |
Volume(s) 113,205 |
| e) | Date of the transaction | 5 March 2020 | |
| f) | Place of the transaction | Outside a trading venue |
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 £0.01 GB00BYSX1508 |
|
| b) | Nature of the transaction | The purchase of Ordinary Shares in the issuer previously issued to ReSI Capital Management Ltd in lieu of fees for providing investment management services to Residential Secure Income plc. The transaction follows the purchase of ReSI Capital Management Ltd's parent, TradeRisks Ltd, by Gresham House plc on 5 March 2020. | |
| c) | Price(s) and volume(s) | Price(s) 94.6 pence per share |
Volume(s) 25,157 |
| d) | Aggregated information - Aggregated volume - Price |
Price(s) 94.6 pence per share |
Volume(s) 25,157 |
| e) | Date of the transaction | 5 March 2020 | |
| f) | Place of the transaction | Outside a trading venue |
-End-
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ReSI Capital Management Limited / TradeRisks Limited Ben Fry Alex Pilato Mark Rogers James Sly |
+44 (0) 20 7382 0900 |
| KPMG Corporate Finance Raj Mehta Sam Friel Jefferies International Limited Stuart Klein Gary Gould |
+44 (0) 20 7311 1000 +44 (0) 20 7029 8000 |
| FTI Consulting Richard Sunderland Claire Turvey Richard Gotla |
+44 (0) 20 3727 1000 Email: [email protected] |
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. £321 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 £11 billion in the social housing, care and other specialist residential property sectors.
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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