Residential Secure Income ( (GB:RESI) ) has issued an update.
Residential Secure Income plc (ReSI) has announced the purchase of 135,822 Ordinary Shares to satisfy the equity portion of its fund management fee with Gresham House Asset Management. This move aligns with ReSI’s strategy to realize its assets in an orderly manner while protecting the interests of shareholders and residents. The shares are subject to a 12-month lock-in period, reflecting ReSI’s commitment to long-term investment stability. The announcement underscores ReSI’s focus on maximizing returns for shareholders while ensuring compliance with regulatory obligations and enhancing asset value.
More about Residential Secure Income
ReSI plc is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in the UK residential sector, particularly in independent retirement rentals and shared ownership. The company aims to provide affordable, high-quality homes with long-term stability for residents, partnering with housing developers, associations, and local authorities to accelerate affordable housing development. ReSI Housing Limited, a subsidiary, operates as a for-profit Registered Provider of social housing, offering a unique proposition within the social housing regulatory environment.
YTD Price Performance: -1.99%
Average Trading Volume: 276,977
Technical Sentiment Signal: Sell
Current Market Cap: £102.8M
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