Radian Capital plc Prior Notice of Merger (0470W)

TIDM43QL

RNS Number : 0470W

Radian Capital plc

14 November 2017

The Boards of Radian Group Limited, which includes Radian Capital plc and A2Dominion Housing Group Limited are today announcing the start of formal discussions to form a partnership. Between them the two Groups own and manage 57,000 homes in London and the South of England. The partnership is intending to explore options that will:

   --     Deliver long term benefits for the residents and local communities served by the two Groups. 
   --     Provide homes, services and support for people at all stages of their lives. 
   --     Build more by working in partnership than both Groups can do alone. 

-- Transform customer experience by developing well regarded digital services for customers alongside a continued strong focus on local services.

Work will start shortly to develop the detailed proposals for the partnership. Lenders and investors are key partners for both Groups and will be an important part of that process. We will make further contact with lenders and investors in the New Year and both Groups look forward to continuing these positive relationships in future years.

For further information please contact :

Anne Costain, Executive Director (Finance), Radian Group Limited on [e-mail] or 01753 777408

This information is provided by RNS

The company news service from the London Stock Exchange

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November 14, 2017 04:59 ET (09:59 GMT)