Residential Secure Income PLCLSE: RESI

Residential Secure Income: Sale of Shared Ownership Portfolio Update

· Issued by Residential Secure Income PLC via RNS

Summary by 6ix AI

Residential Secure Income plc (ReSI) gave an update on the proposed sale of its Shared Ownership portfolio, further to its announcement on August 14, 2026, saying completion has been delayed beyond the previously anticipated date of September 30, 2026, pending further technical checks relating to one property in the portfolio.

Key details

  • ReSI and the proposed purchaser continue to work towards completion, but a revised completion date cannot yet be confirmed.
  • ReSI continues to target net consideration of approximately £13.5 million, consistent with previous guidance, subject to completion accounts adjustments (changes to the price based on accounts drawn up at completion) and previously disclosed retention arrangements (amounts held back).
  • ReSI is in a managed wind-down, and its board remains focused on completing the sale and returning available capital to shareholders.

What’s still pending

  • Completion remains subject to satisfactory resolution of the outstanding matter relating to one property.
  • Completion remains subject to finalisation of transaction documentation.

6ix AI wrote this summary from the release below and checked it against the release.

Residential Secure Income PLC
13 October 2026
 

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

gh@kl-communications.com

+44 (0) 20 3882 6644

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