71WG Sanctuary 6.697

TIDM71WG

RNS Number : 2178X

Sanctuary Capital PLC

30 April 2021

Joint statement from Sanctuary and Southern Housing Group

For Immediate Release

30 April 2021

Sanctuary and Southern have mutually agreed to not pursue the potential business combination announced earlier in the year.

Whilst the discussions about the partnership have been positive, it was agreed that the combination would not deliver all of the intended benefits within the planned timescale.

Both organisations are in continuing discussions about a close working relationship and exploring possible future joint initiatives.

- Ends -

Notes to editors:

Established in 1969, Sanctuary is responsible for the provision of social housing, care and management services across England and Scotland. It owns or operates over 100,000 units of accommodation and employs around 13,500 people.

Sanctuary operates under a not for profit umbrella, with surpluses reinvested into the provision of affordable housing, the maintenance of existing properties, and the development of new services for customers.

Sanctuary is an exempt charity under the Charities Act 1993 and is regulated by the Regulator of Social Housing.

For further information please email PR@sanctuary-housing.co.uk

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END

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April 30, 2021 04:30 ET (08:30 GMT)

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