Director's Dealing • Mar 19, 2020
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 7107G
Residential Secure Income PLC
18 March 2020
18th 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 between 16/03/2020 and 18/03/2020 | Total shares owned |
| 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/ 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 | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) 75.8 pence per share 74.5 pence per share |
Volume(s) 26,386 5,750 |
| d) | Aggregated information - Aggregated volume - Price |
Price(s) 75.6 pence per share |
Volume(s) 32,136 |
| 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/ 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 | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) 74.9 pence per share |
Volume(s) 33,552 |
| d) | Aggregated information - Aggregated volume - Price |
Price(s) 74.9 pence per share |
Volume(s) 33,552 |
| 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/ 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 | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) 75.0 pence per share |
Volume(s) 24,843 |
| d) | Aggregated information - Aggregated volume - Price |
Price(s) 75.0 pence per share |
Volume(s) 24,843 |
| 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/ 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 | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) 74.8 pence per share |
Volume(s) 2,500 |
| d) | Aggregated information - Aggregated volume - Price |
Price(s) 74.8 pence per share |
Volume(s) 2,500 |
| 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 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. 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.£3 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
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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