NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
For immediate release
13 October 2026
Residential Secure Income plc
(“RESI” or the “Company”, and together with its subsidiaries, the “Group”)
Sale of Shared Ownership Portfolio Update
Residential Secure Income plc (“ReSI” or the “Company”) provides an update on the proposed disposal of its Shared Ownership portfolio, further to its announcement on 14 August 2026.
Completion has been delayed beyond the previously anticipated date of 30 September 2026 pending further technical verification relating to one property in the portfolio. The Company and the proposed purchaser continue to work towards completion, although a revised completion date cannot yet be confirmed.
The Company continues to target net consideration of approximately £13.5 million, consistent with previous guidance, subject to completion accounts adjustments and the previously disclosed retention arrangements. Completion remains subject to satisfactory resolution of the outstanding matter and finalisation of transaction documentation.
The Board remains focused on completing the disposal and returning available capital to shareholders as part of the Company’s managed wind-down. Further announcements regarding the disposal and subsequent distributions will be made as appropriate.
For further information please contact:
|
Gresham House Real Estate Mike Adams Sandeep Patel |
+44 (0) 20 7382 0900 |
||||||
|
Peel Hunt LLP (Broker) Luke Simpson Huw Jeremy |
+44 (0) 20 7418 8900 |
||||||
|
KL Communications Charles Gorman Henry Taylor |
+44 (0) 20 3882 6644 |
||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
