Libra (Longhurst Group)Treasury PLC Notification of Partnership Discussions - UPDATE

RNS Number : 3652H

Libra (Longhurst Group)Treasury PLC

08 October 2024

 

LIBRA (LONGHURST GROUP) TREASURY PLC

LIBRA (LONGHURST GROUP) TREASURY NO 2 PLC

 

(the "Issuers")

 

LIBRA (LONGHURST GROUP) TREASURY PLC

£250,000,000 5.125 per cent. Secured Bonds due 2038

ISIN XS0806873385

 

LIBRA (LONGHURST GROUP) TREASURY NO 2 PLC

£350,000,000 3.250 per cent. Secured Bonds due 2043 

ISIN XS1817419705

 

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 Longhurst Group ("Longhurst") and Grand Union Housing Group ("Grand Union") 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.  

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).

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).

For further information contact:

 

Rob Griffiths

Deputy Chief Executive & Chief Financial Officer

Longhurst Group

1 Crown Court

Crown Way

Rushden

Northamptonshire NN10 6BS

 

 

Telephone: [phone]

Email: [e-mail]

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