Grand Union Group Funding PLC Notification of Partnership Discussions

RNS Number : 5848W

Grand Union Group Funding PLC

17 July 2024

 

Grand Union Group Funding Plc

 

(the "Issuer")

 

GRAND UNION GROUP FUNDING PLC

£150,000,000 4.625 per cent. Secured Bonds due 2043

ISIN XS0996528617

 

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA (OR TO U.S. PERSONS), AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW

Notification of Partnership Discussions

Notice is hereby given that Grand Union Housing Group ("Grand Union") have entered into discussions with Longhurst Group ("Longhurst") around a potential merger of the two organisations.  

The proposition is based upon the close alignment of both organisation's values, future vision and the geographies in which they operate. It is also believed that the two organisations would be stronger together as a larger organisation with more resilience to respond to a challenging operating environment. The new partnership will focus on building more homes, enhancing the provision services to its collective customers, strengthening its communities and improving people's lives.

Grand Union is a charitable housing association registered in England as a Community Benefit Society (Reg. No. 7853) and registered with the Regulator of Social Housing (Nº. L5060).

Longhurst is a charitable housing association registered in England as a Community Benefit Society (Reg. Nº. 8009) and registered with the Regulator of Social Housing (Nº. L4277).

For further information contact:

 

Mona Shah 

Executive Director of Finance & Business Services

Grand Union Housing Group

K2, Timbold Drive

Kents Hill

Milton Keynes

MK7 6BZ

                                             
Telephone - 0333 015 2058

Email: [e-mail]

 

 

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