Swan Housing Capital Delay to publication of audited accounts (8633A)

TIDM61HI

RNS Number : 8633A

Swan Housing Capital

27 September 2022

Delay to publication of audited accounts

Swan Housing Capital plc

27 September 2022

Swan Housing Capital plc - GBP250,000,000 3.625 per cent. Secured Bonds due 2048

On 5 March 2015, Swan Housing Capital plc (the Issuer) issued GBP250,000,000 3.625 per cent. Secured Bonds due 2048 (the Bonds) and on-lent the proceeds of the Bonds to Swan Housing Association Limited (Swan) pursuant to a bond loan agreement dated 5 March 2015 (as amended or supplemented from time to time, the Bond Loan Agreement).

The terms of the Bond Loan Agreement include a requirement for Swan to provide to the Issuer and to M&G Trustee Company Limited a copy of its consolidated audited financial statements for each financial year within 180 days of the end of such financial year.

The Issuer announces that Swan will be unable to publish its consolidated audited financial statements for the financial year ended 31 March 2022 (the 2022 Financial Statements) on 27 September 2022.

The Issuer and Swan have obtained consent from the bond trustee under the Bonds for an extension of the requirement to publish the 2022 Financial Statements by no later than 4 October 2022.

For further information, please contact:

Susan Hickey

Chief Executive Officer

Swan Housing Group

Pilgrim House

High Street

Billericay

Essex CM12 9XY

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September 27, 2022 07:21 ET (11:21 GMT)