Metropolitan Funding PLC MTVH Notice of Lenders Update March 2022 (2080H)

TIDM38EO

RNS Number : 2080H

Metropolitan Funding PLC

05 April 2022

Metropolitan Funding PLC

Thames Valley Housing Association (TVHA).

The TVHA group (trading as Metropolitan Thames Valley), one of the UK's leading providers of affordable housing and care and support services, announces that it held an update meeting with key lenders on Wednesday 30 March.

https://www.mtvh.co.uk/?attachment_id=108362

Topics covered included the Operating environment, the Financial and Development position as well as an update on both Sustainability and Decarbonisation.

The core housing business continues to perform well despite the lingering impact of Covid-19, increasing inflation and interest rates, and the emerging risks resulting from the conflict in Ukraine. Total revenue including home sales is still expected to be around 10% lower than last year due to the prior year bulk sale. Underlying operating surplus is in line with expectations.

Liquidity management remains a key focus to mitigate the impact of wider economic shocks; the position remains comparable to that reported at 30 September 2021.

TVHA is pleased to welcome Helen Cope to the Board from March 2022, and she has been appointed Chair of the Customer Services Committee.

https://www.mtvh.co.uk/about-us/board-and-executive/

TVHA has also published its first Sustainability Reporting Standards (SRS) Report following its decision to act as an early adopter of the Good Economy criteria.

https://www.mtvh.co.uk/wp-content/uploads/2022/02/MTVH-SRS-Report-Feb-2022.pdf

Enquiries

Please contact: Donald McKenzie, Director of Corporate Finance, at [e-mail] or on (W) 0203-535-4434 or (M) 07738 714126

This information for investors is also available on our website: https://www.mtvh.co.uk/about-us/investors/

Disclaimer

The information in this announcement has been prepared by the Thames Valley Housing Association group and is for information purposes only.

The announcement should not be construed as an offer or solicitation to buy or sell any securities issued by the Parent, the Issuer or any other member of the Group, or any interest in any such securities, and nothing herein should be construed as a recommendation or advice to invest in any such securities.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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.

END

MSCDZGGDKDVGZZM

(END) Dow Jones Newswires

April 05, 2022 03:00 ET (07:00 GMT)