Investor Update - Merger

Libra (Longhurst Group)Treasury PLC

29 October 2024

 

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

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

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 registration link below:

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: [e-mail]

 

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