2 July 2024
Residential Secure Income
plc
Satisfaction of the Equity
Portion of the Fund Management Fee
Residential Secure Income plc
("ReSI") (LSE: RESI)
announces that, in accordance with the terms of
the Fund Management Agreement with Gresham House Asset Management
Limited (the "Fund
Manager") pursuant to which 25 per cent of the fund
management fee is payable in the form of Ordinary Shares (the
"Equity Portion") rather
than cash, it has purchased 153,201 Ordinary Shares in the
secondary market (the "Fund
Management Ordinary Shares") at an average price of 49.9
pence on 1 July 2024.
The Fund Management Ordinary Shares
are subject to a minimum lock-in period of 12 months from 1 July
2024, being when the Fund Management
Ordinary Shares became due and deliverable.
For
further information, please contact:
|
Gresham House Real Estate
Ben Fry
Sandeep Patel
|
+44 (0) 20 7382 0900
|
|
Peel Hunt LLP
Luke Simpson
Huw Jeremy
|
+44 (0) 20 7418 8900
|
|
KL Communications
Charles Gorman
Charlotte Francis
|
gh@kl-communications.com
+44 (0) 20 3995 6673
|
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'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 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.
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