Sanctuary Capital PLC Potential Business Combination (4775P)

TIDM71WG

RNS Number : 4775P

Sanctuary Capital PLC

18 February 2021

18 February 2021

Sanctuary Group and Southern Housing Group announce potential business combination

Sanctuary Group and Southern Housing Group today announce that their respective Boards have agreed to enter into due diligence and continuing dialogue in respect of a potential business combination.

Both Boards will receive a full proposal on a potential business combination in the summer. A further announcement will be made when appropriate.

Sanctuary Group (which includes Sanctuary Housing Association and Sanctuary Capital) is a not-for-profit housing association with 100,000 homes, 13,500 staff and a turnover of GBP763 million. It is headquartered in Worcester, England.

Southern Housing Group is a not-for-profit housing association with 30,000 homes, 1,000 staff and a turnover of GBP236 million. It is headquartered in London, England.

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February 18, 2021 04:30 ET (09:30 GMT)