Paragon Treasury PLC Partnership Discussions (7714S)

TIDM60VT TIDM93FO

RNS Number : 7714S

Paragon Treasury PLC

23 March 2021

Paragon Asra Housing Limited and Accent Group Limited - Partnership Discussions

Accent Group Limited (Accent) - parent of Accent Capital PLC - and Paragon Asra Housing Limited (PA) - parent of Paragon Treasury PLC - are exploring the merits of a potential partnership.

Both organisations are not-for-profit housing associations. PA has 23,200 homes in London, Surrey and the Midlands. Accent has 20,700 homes in the North, Midlands and the South East.

PA and Accent already have the highest possible G1/V1 regulatory ratings. A final decision on the proposed partnership will be made by both Boards in the coming months.

While discussions continue, both organisations will focus on delivering existing commitments to customers on investment, service improvements and new homes.

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March 23, 2021 06:00 ET (10:00 GMT)