Grand Union Group Funding PLC Notification of Partnership Discussions - UPDATE

RNS Number : 2356H

Grand Union Group Funding PLC

08 October 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 - UPDATE

The Boards of Grand Union Housing Group ("Grand Union") and Longhurst Group ("Longhurst") have concluded their due diligence and approved the planned merger of the two organisations to create a social landlord with over 36,000 homes.

This will be completed via a Transfer of Engagements of Longhurst to Grand Union and this is expected to be completed before the end of March 2025, subject to lender consents.. 

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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