LIBRA (LONGHURST GROUP)
TREASURY PLC
LIBRA (LONGHURST GROUP)
TREASURY NO 2 PLC
GRAND UNION GROUP FUNDING
PLC
(the
"Issuers")
LIBRA (LONGHURST GROUP) TREASURY PLC
£250,000,000 5.125 per cent. Secured Bonds due
2038
ISIN XS0806873385
LIBRA (LONGHURST GROUP) TREASURY NO 2 PLC
£350,000,000 3.250 per cent. Secured Bonds due
2043
ISIN XS1817419705
GRAND UNION GROUP FUNDING PLC
£150,000,000 4.625 per cent. Secured Bonds due
2043
ISIN XS0996528617
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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
Longhurst Group ("Longhurst") and Grand Union Housing Group
("Grand Union"): Investor update following announcement of proposed
business combination
Following agreement by both boards,
Longhurst and Grand Union have agreed to merge the two
organisations to create a social landlord with over 36,000 homes,
making it one of the largest housing associations in the
region.
This will be completed via a
Transfer of Engagements of Longhurst to Grand Union and is expected
to be completed before the end of March 2025, subject to lender
consents.
Please join the team on 5 November
2024 at 11am for an update on the merger, its objectives, and the
proposed group structure, with opportunity for some Q&A
following management's presentation. The team can also make
themselves available for follow up discussions - please outline to
Newbridge if this is something that would be
appreciated.
Longhurst and Grand Union will be
represented on the call by:
-
Julie Doyle: Chief Executive Officer (Longhurst)
-
Robert Griffiths: Deputy Chief Executive & Chief Financial
Officer (Longhurst)
-
Mona Shah: Executive Director of Finance & Business Services
(Grand Union)
-
Yasmin Holley: Director of Finance (Longhurst)
-
Chris Bellamy: Director of Finance & Treasury (Grand
Union)
To participate in
the conference call, register using the button or link
below:
Registration
Link: https://www.netroadshow.com/events/login?show=81011991&confId=73076
Longhurst is a charitable housing association registered in England
as a Community Benefit Society (Reg. Nº. 8009) and registered with
the Regulator of Social Housing (Nº. L4277).
Grand Union is a charitable housing
association registered in England as a Community Benefit Society
(Reg. No. 7853) and registered with the Regulator of Social Housing
(Nº. L5060).
For further information
contact:
Chris Evans
Director
Newbridge Advisors
Email:
chris.evans@newbridge.co.uk