Bromford Housing Group Ltd Bromford & Flagship in business combination talks
26 Juni 2024 - 9:00AM
RNS Regulatory News
RNS Number : 8342T
Bromford Housing Group Ltd
26 June 2024
RNS
Number: 8342T
Bromford Housing Group Limited
26
June 2024
Bromford Housing Group Limited and Flagship Housing Group
Limited enter business combination talks
Bromford Housing Group Limited
(Bromford) and Flagship
Housing Group Limited (Flagship) have agreed to enter into
discussions with a view to forming a business
combination.
They aim to come together creating a
new organisation that will trade as Bromford Flagship. It is
currently proposed that they will use Bromford as the Group parent
renamed as Bromford Flagship Limited, and Flagship will become a
wholly owned subsidiary of Bromford Flagship Limited, alongside
Bromford Housing Association Limited and Merlin Housing Society
Limited (and other existing entities). The combined group will own
and manage c.80,000 homes.
The business combination will be
subject to the registration by the Financial Conduct
Authority.
Bromford is registered as a
charitable community benefit society under the Co-operative and
Community Benefit Society Act 2014 with registered number 29996R
and as a registered provider with the Social Housing Regulator with
registered number L4449.
Flagship is registered as a
charitable community benefit society under the Co-operative and
Community Benefit Society Act 2014 with registered number 31211R
and as a registered provider with the Social Housing Regulator with
registered number 4651.
For further information, please
contact:
Imran Mubeen, Director of
Treasury
07711 221464
imran.mubeen@bromford.co.uk
https://www.bromford.co.uk/investorrelations/
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