Wrekin Housing Group Ltd (The) Wrekin Housing Group - Business Combination Talks
08 October 2024 - 6:00PM
RNS Regulatory News
RNS Number : 2337H
Wrekin Housing Group Ltd (The)
08 October 2024
The Wrekin Housing Group
Limited
(the "Issuer")
The Wrekin
Housing Group Limited
£250,000,000
2.50 per cent. Secured Bonds due 2048
ISIN:
XS2049288603
NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE
UNITED STATES OF AMERICA (OR TO U.S. PERSONS), AUSTRALIA, CANADA OR
JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF
SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW
Notification of
Partnership Discussions - Update
Notice is hereby given that, the Boards of The
Wrekin Housing Group Limited ("WHGL") and The Housing Plus Group
Limited ("HPGL") have
concluded their due diligence and approved the planned merger of
the two organisations. The combined group will manage c.34,000
homes across Staffordshire, Shropshire and Telford &
Wrekin.
In terms of the legal structure of the new
group, the Issuer will become a direct subsidiary of HPGL. The
expected completion date for the merger is January 2025, subject to
lender consents.
Wrekin Housing Group is registered as
a charitable community benefit society under the Co-operative and
Community Benefit Society Act 2014 with registered number 8067 and
as a registered provider with the Social Housing Regulator with
registered number LH4220.
Housing Plus Group is registered as a
charitable community benefit society under the Co-operative and
Community Benefit Society Act 2014 with registered number 30224R
and as a registered provider with the Social Housing Regulator with
registered number L4491.
For further information, please
contact:
Jon Lamb
Executive Director of Finance
The Wrekin Housing Group
Colliers Way
Old Park
Telford TF3 4AW
Telephone: 01952 217100
Email: jon.lamb@wrekin.com
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